Sell muthoot finance below 960 for the target between 910-900 with strict SL of 990. Reason for your learning of taking short call 3 star trading setup
1) Stock Rejecting 50 EMA Level.
2) Support will be BD again below the 960 level.
3) RSI too Rejecting 60 level. Even not able to touch the 60.
All above points shown weakness in structure of the stock. This...
The chart of the stock Muthoot Finance (NSE: MUTHOOTFIN) is bouncing off its long-term, seven year old trendline from where it has taken support multiple times in the past.
The stock is also bouncing off 200WMA which has also been its long-term support since listing.
The chart looks bullish with ultimate target of previous all-time high zone of 1800.
MUTHOOTFIN Muthoot Finance Ltd Breakout stock ready to uptrend going to start in daily chart pattern. Already crossed W pattern in stock movement. If it open above 1210 it move upside 20%. Add MUTHOOTFIN for long-term gain. Thank you.
Stock has formed an Inside Bar Pattern after a Strong Downtrend as shown in blue color. On Friday, the stock confirmed the breakout of Mother candle's High and formed a long bullish candle. There would be some profit booking in the stock early next week. Based on the Inside Bar Breakout, here are some resistances stock will see -
First Resistance is at 1102,...
NSE:MUTHOOTFIN
Muthoot Finance limited stock at harmonic support.
targets mentioned on chart.
**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
NSE:MUTHOOTFIN
Pattern already activated
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic...
Be Cautious Long Position Holders in Muthoot Finance
If you have any Open Long Position in Muthoot Finance, keep eye on the price movement in the next week.
Major Monthly Support has been Breached. It has been tested multiple times in the past few months, so major probability is it may get broken now fully.
Moreover, it shows probability of Death Cross. 50 MA...
The Trade is based on the following observations :
~ Moving in a channel pattern.
~ Low Volume Selling.
~ Long bottom wicks seen as before on the key support zone.
~ RR > 1:2.35
The chances of trade playing out are 80 % (premium members are already triggered)!
I hope you can now see how MUTHOOTFIN represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Date : 22-July-2021 #MOH
Stock : MuthootFin
Pattern name 👉🏻 Bearish Deep Crab 🦀
Current Market Price : 1605
Expected Reversal Zone : 1656-1660
Details:- Muthootfin have rised along with market, As per Bearish Deep Crab 🦀 , Expect this stock to give reversal from 1656-1660 level
