MUTHOOTFIN trade ideas
On Tenterhooks !!A break in gold prices blw 48000/- should be enough to take this one to cleaners !!
Muthoot finance breakout of trendlineMuthoot finance took good support in area which I have marked in red box trendline is also broken, good for going long
Breakout of a rising wedge and stock making new highsMUTHOOTFIN BUY: 1125, SL: 1050, T1: 1250, T2: 1380
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The pattern so formed is Rising Wedge and has a clear breakout.
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Buy when stock retest its support trendline.
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Share with your friends and colleagues who need to learn how to trade.
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A friend in need is a friend indeed.
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Disclaimer: Do your own analysis before taking any action.
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-MOHIT RAJANI
Muthooth Finance Updated Chart !TREND ANALYSIS & TRADE SETUP !
UPDATED CHART !
Head & Shoulder Chart Pattern !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 12-18 % Gain.
MUTHOOT FINANCE IN 5TH ELLIOT WAVEPLEASE SEE CHART FOR DETAILS
TARGET 1: 1300
TARGET 2: 1400
STOP LOSS : 1065
**These are my personal observations. Please trade at your own risk.**
Muthoot Finance LongDetails in the chart
Reason for the trade breakout with volume
Sl below 1077
T1 1227
T2 1287
T3 1377
MUTHOOTFIN BUY ABOVE 1148MUTHOOTFIN
BUY ABOVE 1146 ~ 1148
TARGET: 1153, 1159, 1164, 1170, 1175, 1196
Posting for Educational purpose only
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
MUTHOOT Finance may test Fib Retracement LevelNSE:MUTHOOTFIN
On 1H chart MUTHOTFIN looks like Following Elliot Wave 5 Wave pattern.
If so the MUTHOOTFIN should show 1204 Fib retracement Level.
And then It may again show down move to complete its 5th wave.
Just a personal View for study purpose no trade recommendation
Muthootfin made bullish hammer on weekly chartIt's ready for 5 to 10 percent move 1130 in a week's timeframe.
MUTHOOTFINMUTHOOTFIN:- BUY ON DIP, 1100 WITH SL OF 1040 CLBS
RSI+MACD+ADX DIVERGENCE WITH OI LONG BUILD UP
#Disclaimer:-I just shared view for only educational purpose.
