MUTHOOTFIN - Long Entry for 6-8 MonthsMUTHOOTFIN Looking good for long entry on Daily Time Frame.
*Close to 52 Week High
*ADX 43.64 Strong Trend
*MACD 34.83 Neutral
*RSI 75.27 Neutral
*SuperTrend 1140.22 Bullish
*ATR 26.18 Low Volatility
*VWAP 1255.66 Below Vwap
*20 EMA 1157.42 Above 20ema
About Company:-
Muthoot Finance Limited operates as a gold financing company in India. The company offers personal and business loans secured by gold jewelry, or gold loans primarily to individuals and micro finance. It also provides housing finance, gold coins, money transfer, and foreign exchange services; mutual funds and non-convertible debentures; health, home, vehicle, life, and travel insurance products; and vehicle, corporate, and SME loans. In addition, the company generates electric power through windmills in Tamilnadu. As of March 31, 2022, it operated through approximately 4,617 branches in 23 states and 6 Union Territories. The company was founded in 1887 and is headquartered in Kochi, India.
Portfolio
NIFTY & BANKNIFTY ANALYSIS FOR {28-10-2022}NSE:NIFTY
NSE:BANKNIFTY
Nifty is facing resistance at 17780 -17800 if it break than it can touch channel resistance line
or it can move in a range 17800 to 17650
Banknifty chart
Banknifty has a strong resistance and if not break a big range for some trading sessions
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IDFC : Looking Strong
Good Day ,
Hello Traders,
IDFC looking strong as it is sustaining above 70 and it already did a breakout of the Trendline from the past (2008 / 2010 / 2015 / Aug 2022).
People look for HDFC's , TCS's , RILs of the world. This is coming up as a good opportunity to invest for longer time frame.One can buy it with the Stop Loss of 61 and sit tight.
Targets for the coming months : 81.85 & 94 . Wait for the bigger target 127.85
Time Frame : Weekly
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
GODFRYPHLP Can Become Bull BullDisclaimer: I am not a financial advisor, all information shared are ideas shared, take your entries based on your own analysis or taking advise from your registered financial advisor. We are not responsible for your profit or loss if you take up idea from this chart.
Take your decision. Good luck
IS IT SMART TO ADD SILVER IN THE PORTFOLIO AT CURRENT LEVELS ?MCX:SILVER1! NO FAVOURABLE CHART PATTERNS, NO TECHNICAL SIGNS OF REVERSAL.
Can a contra bet of long positions be initiated at current levels ?
Well, the retail investors looking for diversification of their portfolio's, have a great opportunity to add silver futures. The risk reward ratio is favourable at current rates plus there is a high chance of bounce back and short covering at the expiry.
But again,
One cannot predict the downfall from the current levels as there are no indications in the chart patterns. Just a blind trade.
The idea shared is for educational purpose only.
DALBHARAT LONGLONG DALBHARAT BETWEEN 1365-1380
FOR TARGET 1750 AND 1900
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.