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.
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
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...
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...
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 .
BUY MUTHOOT FINANCE
ENTRY AT CMP
SL & TARGETS MENTIONED ON CHART. SL TO BE ON CLOSING BASIS ONLY
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
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
Muthoot finance is in flag pattern with consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone
***** 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...
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.