MUTHOOTFIN trade ideas
Muthoot Finance on the verge of falling!Muthoot Finance has been in an upward channel since a couple of weeks now and is now consolidating near it's lower TL and testing it
continuously. One can go short on break of this TL and expect 1161 and 1150 levels to be tested in the coming days.
Question on MUTHOOTFINTrend:- Sideways to Negative till its trading within the falling Pithfork.
Trend Change only if its breaks out of Falling Pitchfork.
Remain Cautious below 1150(small support)
Next Critical Support zone at 1000-1021
Critical Resistance at 1215/1278
MuthootFin is looking great for a short momentumThe analysis is given on the chart
Comment if you have any query and if you like my analysis, don't forget to press the like button.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and
MUTHOOTFIN Buy signal at 1064 , Long term stockMuthootfin has broken its major resistance.
The price can reach its 52 week high again.
We will be looking at holding it for a long term , good for long term investors.
ENTRY : 1064
TARGET : 1400
STOPLOSS : 850
Muthhoot finance beast in the makingFlag pattern on weekly charts
Stock added to MSCI
Constant accumulation at every level
Buy above 1215 for targets of 1275-1300 or if risk appetite is high buy at CMP also
For educational purpose pls do your own research aswell
Muthhoot finance beast in the making High probability trade
Share added to MSCI
Constant accumulation at every price
New stores in London , Sri Lanka
Easy flag pattern on weekly charts
It's my personal view pls do your research aswell
MUTHOOT FINANCEGO LONG AT THE CMP WITH A SL OF 1100.
TRGTS 1250 / 1400..
SYMMETRICAL TRIANGLE FORMATION..
SAFE PLAYERS CAN WAIT FOR THE BREAKOUT..
Super Bullish Muthoot Finance heading back to All Time HighsDO NOT EVEN THINK ABOUT SHORTING looking at this Super Bullish Structure:
We have a Failed H & S Top Pattern + Falling Wedge Breakout + Inverted H & S breakout + 123 Reversal Pattern Breakout
- This Stock can head back to 1405 or even make new ATHs !
- The path is following an Ascending Channel, and looks like an easy one way trip to 1300 - 1320
- Gold prices are also rising so added confirmation from a Multi Asset class perspective
- Stock is also above all Anchored VWAP levels!
- RSI above 60, KST in Buy mode and above zero, MACD in Buy mode with rising Histogram, ADX sloping up and in Buy mode too
- Short Sellers stay away from this stock or be ready to sell your kidneys because this stock can Surprise to the Upside!
- Have a look at the Relative Chart too (MuthootFinance/ Nifty 50), we can see a false breakdown turned into a Cup & Handle pattern. And you know what! From False moves come fast Moves in the Opposite Direction!
GO LONG! , view invalid if swing low breaks
MUTHOOTFIN NEXT MOVEMUTHOOTFIN NEXT MOVE WILL BE BULLISH. A BREAKOUT TO UPPER SIDE IN UPCOMING WEEKS.
#MUTHOOTFIN LONG GOOD TO GO LONG WITH CLOSING BASIS SL OF 1110, SEEMS TO BE A DOUBLE BOTTOM TRADE WITH NECKLINE AREA WITH 1300 AS TGTS
Muthoot Finance#muthoot... stay cautious here, it can rise or it may break down from here to the next trendline as shown in chart. More probability is bearish for now.
