MUTHOOTFIN trade ideas
MUTHOOT FINANCE TAKING SUPPORT ON 1180-1170 ON 1HR TIME FRAMEGO LONG FOR SWING TRADE WITH STOPLOSS BELOW SUPPPORT. TRENDLINE CAN ACT AS A POSSIBLE RESISTANCE SO BOOK PARTIAL PROFIT STRICTLY TRAIL SL.
REQUEST Guidance From Chartists . Whats next ?I have troed to mark out various Supply and Demand lines /ranges . Also the Trend Lines and reverse trend Channels . NOW i request someone to guide me how to understand this Chart .
MUTHOOTFIN is Looking Good above 1275MUTHOOTFIN is Looking Good above 1275. If it will manage to sustain above 1270-1275 then it may test it next supply zone @ 1320-1325
Muthoot Fin TradeBuy now and the target is 1400 and 1425. SL is 1150. Support is also given in the chart.
Muthoot-positional shortIdea is based on harmonic PRZ levels, Fibo levels act as a pure Resistance zone.
Muthoot share on bullish modeMuthoot share is in uptrend & in bullish mode. The long entry can be taken as per the marked level above the price of 1185 after the BO of TL. Target level here is 1280 with the SL of 1142. Stock is trading above the 200 EMA & RSI Divergence is well supporting. Here we are expecting very good reward to risk ratio. So add the stock in your watch list to see the price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the free trading ideas performance sheet for the month of July-2020
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Muthoot Short Trade TriggeredRounding Top formation happening on daily basis
And the stock shall closed below 1135 then one can enter short sell trade shall be activated
Target 70-100 points with stop loss of 1180 or 1190 levels
SellSell on rise around 1210-1220 sl 1325 target 1075 -995
Disc : It's not an advise to buy or sell.
MUTHOOTFIN ANALYSIS 12.08.2020BUY 1167 TO 1145
TARGET 1236 TO 1286
IF IT BREAK TREND LIND IT BILL GO DOWN UP TO 1112 TO 1064 . SO WAIT AND WATCH IF IT IS BREAKING TREND LINE OR NOT .SO WAIT FOR BETTER CONFORMATION.AND THEN WATCH WHERE IT IS OPENING .
BUY MUTHOOT FINANCE LT AT MARKET, STOPLOSS 1160 TARGET 1310.Classic bullish harami pattern on a daily time frame at previously tested support price.
Muthoot on the verge to break the resistance trendlineMuthoot on the verge to break the resistance trendline
