MUTHOOTFINMUTHOOTFIN (DAILY):- symmetrical triangle (+ cup and handle pattern breakout above 1350 for target 1600 ) pattern breakout and retesting done at 1270 for target 1600 with stop loss 1200 (hourly based)
MUTHOOTFIN trade ideas
Muthoot finance looking weakmuthoot finance looking weak and not breaking the channel.
First Target : 1240
Final Target : 1111
Stop loss : 1350
MUTHOOTFIN - Multi-time Frame + fibo + Breakout?? Muthoot fin has been in stage formation FOREVER!!
-Requires breakout with volume.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Muthoot Finance_10% upsideDate: 25 Feb 2021
Muthoot Finance (CMP: 1,329) show a flag pattern breakout.
In the short term the stock will go upto 1,470 giving 10% returns. All targets and SL are given in the chart.
Muthoot Finance: Pole and Flag pattern All levels are mentioned on the chart.
DISC: Please consult your financial advisor before making any bet.
Muthoot finance to take long entryBuy Muthoot finance @ 1325 with the target price of 1400 with the SL of 1270. Can sell half the quantity at 1400 level & remaining qty at another high expected to touch the level between 1415-1430. Good risk to reward trade. Stock is at consolidation level at resistance level.
Long on Muthoot FinanceIt has tested that Resistance multiple times and this is the fourth time fighting to break the level. And a perfect FLAG Pattern formed. Tried many times to come below 1280 and failed. Can give bounce anytime from hereon. Short Term Target - 1400 . Keep Strict Stop Loss at 1280 on Closing Basis.
MUTHOOT FINANCE Trading SetupIn a long consolidation, now sustaining at higher levels. If a up move comes, can go a lot higher.
1277-1346 Break above or below going to decide further course If breaks above 1346 then can rally up to touch 1450-1500 where red parallel channel will act as resistance. This will mark the completion of wave 5, if the same is already not completed.
If breaks below 1277 on weekly closing and 1235 on daily closing then 1045 and 859 could be the min. targets that can be expected.
aur kitna badhega ye !!!
the stock is seen to be consolidating after a range breakout.
since market is in correction mode, forecast a consolidation for next 5//10 days.
baised on the upper side but would recomend to take positions via options strategy that too by selling otion rather than buying so as to take advantage of time decay. more positions can be adde subsequently.
MUTHOOTFIN at it SUPPORT zone I will buy MUTHOOFIN because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1105
Target : 1300/1374
Stop loss : 1000
Muthoot Finance Swing ViewMuthootFin: Swing View
Looks good for a Breakout (Flag Pole)
Long above 1330 with a SL 1306
Muthoot FinanceBuy above 1330 with the stop loss of 1315. Targets are 1345, 1360 and 1375.
Sell below 1298 with the stop loss of 1313. Targets are 1283, 1265 and 1251.
