Muthoot Finance Forms Bullish Flag PatternMuthoot Finance is currently in a consolidation phase within a bullish flag pattern, suggesting that the uptrend may soon resume. Traders should monitor the stock closely for a breakout above the flag's upper boundary, which would signal the start of the next bullish leg. Patience is key as we wait for this potential breakout to confirm the continuation of the uptrend.
Muthootfinance
Trend Analysis - EMA 100 reached Muthoot Finance seems poised for some upside here after reaching Trend resistance in weekly along with EMA 100 which has been a strong support.
Details explained in the Chart as well.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendation.
Muthoot Finance Not Recommended NSE:MUTHOOTFIN
On-Demand Posted, Not a recommended trade
this stock is in sideways if one wants to enter wait till price takes good support with a good candle and volume, with suitable RRR take the trade.
Note: ita only for educational purposes, I'm not a SEBI registered guy
Be Cautious Long Position Holders in Muthoot Finance 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 is going to cross over 200MA from above in may be two-three sessions. It is a Major Bearish Signal.
Next Major Support is at the marked zone in the Chart.
If it breaks that, significant downfall may be expected.
PS- I am not SEBI Registered. Views are for personal reference.
MUTHOOTFIN SHORTI 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 the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Muthoot Finance Ltd " upto 10 % gains "Hi Traders / Investors ,
This is a Swing Trade.
There can be a bullish momentum in Muthoot Finance Ltd because of following reasons :-
1) Consolidation from (5 months) with Low Volumes got Breakout with High Volumes and Large Green Candle.
2) Got another opportunity to enter because of Retest .
3) Prior resistance level got break and now acting as a support .
4) RSI indicator is above 60 which indicates strong upside momentum.
5) Retest retraced till 0.236 level which is a healthy retracement .
Giving a Risk to Reward of 1:2 , Entry : 1686
Stoploss : 1598
Target : 1855
Please don't make any decisions solely based on this analysis .
Give a thumbs up if you liked this analysis as it requires deep research.
Muthoot Finance - Extreme breakout
Muthoot finance is in flag pattern with consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Breakout in Muthoot Finance...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.