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.
Muthootfinlong
Long Setup In MuthootA Inverted Head & Shoulder Chart Pattern Breakout happened on the Daily Time frame of NSE:MUTHOOTCAP
Price Action supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
One can initiate the long trade as per the lavel mentioned on the chart
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for Educational Purpose only.
MUTHOOTFIN bouncing off 200WMA and trendlineThe 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.
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 - Inside BarStock 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, second at 1153 and third at 1295. This might be a trend for next couple of weeks.
#muthootfinance #muthoot harmonic support 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.
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.
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
Muthoot Finance - Flag PatternMuthoot 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
Muthoot Finance - BullishThe stock is trading in a range since almost an year now. This is the time to buy the stock at the lower band of the range and enjoy the move up to the top range. One can also hold the stock and wait for the range breakout to further enjoy the bullish move.
Multiple bullish confirmations are present in the stock.