MUTHOOTFIN trade ideas
MUTHOOT FINANCE :: Go LongGood R:R Ratio
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Bull Flag PatternMuthoot finance looks good on 30 minute chart , keep this stock on your radar , and wait for breakout.
MUTHOOT FIN showing bullish sign MUTHOOT FIN has broken all time high and making flag and pole pattern. This could be a good trade for Monday.
Buy if it sustain above 1522, upcoming target will 1550, 1595, 1645, If it breaks 1500 downside and sustain, then it can come to 1484, 1446 and 1400 because it has broken lifetime high and can come to retest. Between 1500 – 1522 is no trading zone.
This idea I only for educational purpose, please trade at your own risk.
Those charts which I have shared till yet has given high amount of profit, so if you like my idea please like, follow and share.
If you have any query related to stock. You can comment I will definitely clear all your doubts.
NSE:MUTHOOTFIN
MUTHOOT FINANCE BREAKOUT Chart is self-explanatory. Open the chart above for detailed view of analysis.
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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.
Buy here & add on retest till 1325 with SL of 1120 for 1750-2000NSE:MUTHOOTFIN Can buy here and add on retest of 1325.
MUTHOOTFIN is looking good for long termCMP= 1283, Target 1 and 2 are marked in the chart. Buy above 1315 for a target of 1400 for a short term and long term target is 1600
MUTHOOTFIN making new lifetime High ?MUTHOOTFIN is about to make either a lifetime high or if didn't break the resistance of 1300 it might again retrace to 1160 levels. If broke the resistance of 1300, the first target would be 1500.
Muthoot Finance Weekly Chart breakoutReasons for taking trade
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1. Breakout with volume on Weekly charts.
2. MACD showing bullish signal on Weekly time frame.
3. Company came out with very good net profit in results.
4. Price crossed over 20MA, 100MA & 200MA on daily charts.
My Opinion
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Though MACD is showing a bullish divergence on Weekly charts, On daily charts MACD is heading for a bearish convergence and that may result in a retesting of the breakout. I would look for a retest to buy the shares in ideal conditions so that my stoploss will be smaller and target will be bigger. Also a tested breakout is a confirmation of the breakout.
Conclusion
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I will keep this stock in my watchlist and will buy it if the breakout remains strong.
________NO INTACT TARGET. I WILL KEEP THIS STOCK IN MY HOLDINGS TILL I SEE A TREND REVERSAL_________
Muthoot Finance: 27% upsideDate: 02 June 2021
Symmetrical Triangle Breakout
Target and SL given in the chart
View is given for educational purpose only. Trade at your own risk.
Consolidation breakoutThis stock has broken out of a range after almost 9 months and with good volume. Expect a move till 1800 in quick time
This is just my observation and not a buy / sell recommendation
Muthoot Finance wedge pattern breakoutwedge pattern breakout. wait for its sustain above 1345 this level. wait for retest. buy for target 1560 1600 1650 . educational purpose. Happy trading
MUTHOOT FINANCE-BUYBUY ON DIPS. Very good targets can be achieved in short term as well as in the medium term.
MUTHOOT FINANCE Breakout trade PositionalNSE:MUTHOOTFIN Levels are Mentioned in the chart... Look for Swing trade..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
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Medium Term Trade - Muthoot Finance - BreakoutMuthoot Finance has given a breakout from a cup and handle pattern on weekly chart.
Buy: Muthoot Finance
CMP: 1415
Target: 1700
Stop Loss: 1280
Muthoot Finance - Golden DaysA big white candle at an important breakout point leading to all time high closing. Go long with stop loss - 1293
Muthoot Finance - Box breakoutWith gold prices going up, the company gets a higher margin of safety and would be the safest NBFC in my books.
Long at CMP or on a box retest. Also one of the new NBFC's which has grown in the last one year.
SL below 1360.
Target 1650.
MUTHOOTFIN - BULLISH ENGULFINGBullish engulfing indicates a surge in buying pressure, often triggers a reversal in trend as more buyers enter the market to drive prices up further. Attractive entry levels can be obtained after receiving confirmation of the bullish reversal. Chart is self-explanatory.
