Multiple Demand Zones Spotted________________________________________
📈 MUTHOOT FINANCE LTD – TECHNICAL ANALYSIS
📆 Date: June 4, 2025
🔍 Timeframe: 15-Minute
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🟢 Demand Zones Identified
Two strong Demand Zones have formed where buyers previously stepped in with aggressive volume and triggered sharp upside moves. These zones may act as key support areas on any price retracement.
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💼 Trade Details:
• Trade Type: Long / Buy on Dip (Near Demand Zones)
• Entry Level 1: ₹2162
• Stop Loss 1: ₹2138 (Below the demand zone to filter volatility)
• Entry Level 2: ₹2114.90
• Stop Loss 2: ₹2095 (Wider SL, deeper entry)
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🎯 Target Levels (Based on Risk-Reward for Entry 1):
• 📌 Target 1 (R:R – 1:1): ₹2186
• 📌 Target 2 (R:R – 1:2): ₹2210
• 📌 Target 3 (R:R – 1:3): ₹2234
🎯 Target Levels (Based on Risk-Reward for Entry 2):
• 📌 Target 1 (R:R – 1:1): ₹2134.90
• 📌 Target 2 (R:R – 1:2): ₹2154.90
• 📌 Target 3 (R:R – 1:3): ₹2174.90
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📌 Setup Notes:
• Price surged strongly after reacting from both demand zones previously.
• Volume spike confirmed institutional interest at these levels.
• Current price consolidating at higher levels, offering a pullback opportunity.
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