MUTHOOTFIN -triangle formation&weekly levels for 2 to 6 nov 2020symmetrical triangle pattern formation in the stock.
MUTHOOTFIN trade ideas
The stock gave breakout as per previous postAs we had seen that the stock was making several bullish patterns, it gave a good rally today after forming a cup and handle pattern. More upmove is expected positionaly above 1274
A GOOD CHARTMUTHOOT FINANCE LOOKS GOOD IN THE CHART..FORMED A STRONG BULLISH CANDLE AND GIVEN A BREAKOUT AFTER CONSOLIDATION..
COULD BE A GOOD BET FOR 3-4% RETURN AMID THE VOLATILITY..RSI HAS BEEN PLACED WELL AND SHOWING AN UPTREND WITH THE CONFIRMATION OF MACD..
Muthoot Finance#muthoot already told to be bullish 1160... next targets 1200 and 1250 as told earlier. See the linked chart...
Multiple bullish patterns The stock is making a rounding bottom pattern and inverted head and shoulder pattern along its Trendline. It looks good above 1240 level
Back to back head & shoulders using simple price actionMuthoot finance head & shoulders long strategy with simple price action
muthootfinance 1/price making HH ,HL in daily & price break previous high so trend now bullish(in hourly it makes HH & HL)
2/price correct in major trend 38% & short term trend 62%
3/MacD showing divergence
4/Bulish sign comming in weekly chart( mornig star candlestick pattern)
5/Entry If price sustain aboe BO line 1hr
5/SL below recent swing low in daily chart
Muthoot FinanceMuthoot Fin seems in a crucial zone and making base around .382 Fib Level.
Good for Long above 1160-65 for Targets 1227 - 1250 -1300
MUTHOOTFINDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
Muthoot Finance - LongBreak out above 1165 can see 1200. Close above 1200 with strength candle can see good up move. View negated below 1110
Muthoot Finance to breakout of immediate downtrend?Possible pullback to retest immediate downtrend. Long position can be initiated on confirmation of suitable price action in the coming week.
MUTHOOTFIN - Bullish RSI divergencePrice moving down but RSI moving up, shows some momentum is starting to build up for upside. Especially in broader market index, financial stocks are starting to picking up. A probable candidate for short term buy.
Muthoot Finance Technical Analysis . Hello friends , Today i have the technical chart Of Muthoot Finance . Friends as you can see here that it was in a down trend but now it can go up because it is making a " Falling wedge " because it has broked its upper trend line and also remember it will go down first and then up from the support price as shown in the picture ,Thus it is also near the breakout point .Its Support price you can take is at rs 1061 and 976 and its target you can take for is at rs 1201,1256 and 1302 and if it goes down then stoploss you can take is at rs 1011 and also remember to read out the notes and other things written on the chart and i have showed the nearby support you should also see the marked supports on the chart . Thank You . If you like this Idea and this Analysis just please like this idea and leave a comment i will surely try to improve it or if you have any doubt related to this you can write in the comment. Bye Bye .
MUTHOOT FINANCE LTD - Descending Triangle Breakout UpwardThe Descending Triangle is bearish formation during a downtrend of a security. However , there are instances when Descending Triangle forms a reversal pattern which seems to be the case of Muthoot Finance. Targets on the chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
