MUTHOOTFIN trade ideas
MUTHOOTFIN DISTRIBUTION ZONEThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
MUTHOOT FINANCE LT - TRENDLINE SUPPORT TO THE DOWNTREND!!MUTHOOT FINANCE LT #MUTHOOTFIN
- HAS BEEN IN A DOWNTREND FROM 22ND JUNE
- NOW MOVING SIDEWAYS IN A CHANNEL
- TAKING STRONG SUPPORT FROM THE TRENDLINE AND 200EMA
INDICATORS:
RSI - NEAR 20-LEVEL: STRONG DOWNTREND
TT2 TREND TOOL: BEARISH IN 30MINS AND DAILY TF
CVD - NEGATIVE!
CONCLUSION:
1. IF THE PRICES BREAK THE TRENDLINE.
SELL BELOW 1073
TSL 100EMA
TGT 400EMA/1000
2. IF PRICES TAKE SUPPORT FROM THE TRENDLINE, WE MIGHT SEE A TEMPORARY PULLBACK TO 1167 LEVEL.
IF THE UPPER CHANNEL IS BROKEN, NEXT RESISTANCE IS 1234/1282.
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH VOLUME AND FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
Muthoot Finance It seems that around 1200 is a strong resistance where we can shot till waiting for the pull.
Muthoot finance buy above 1152 for Target 1165- 1180- 1190- 120Muthoot finance buy above 1152 for Target 1165- 1180- 1190- 1200 1212+
MUTHOOTFIN TIME FOR THE NEXT MOVEMUTHOOTFIN HAS ALREADY MADE 2 UNSUCCESSFUL ATTEMPTS TO CLOSE ABOVE 1200.A CLOSING BELOW THE SUPPORTING TRENDLINE RESISTANCE CAN TRIGGER A DESCENT CORRECTION HERE.
2.ANY TWO CLOSING ABOVE THE UPPER RESISTANCE LINE WILL HELP IN NEW HIGHS BEING CREATED IN NEAR FUTURE.
CONSIDERING THE VOLUME WITH WHICH BREAKOUT HAPPENED AND THE CONSOLIDATION NEAR 1070-1120 EXPECTING IT TO TEST THE RESISTANCE AGAIN.
[Inside Bar] MuthooT Finance LTPrice has been in consolidation after a big volume breakout. This Daily Inside bar can give breakout in both directions.
Buy above 1105.85 & Sell below 1074
Keep Initial Sl at opposite ranges and trail the profits if trade triggered.
Bullish Price actionGood to go long after nice bullish consolidation. Maintain SL.
Another way to trade this - Sell 1000 PE at 35.
Ultra bullish but short term bearish.Likely to find support at 1000, in case of bullish move, resistance will range from 1250-1280.
Muthootfin Consolidation breakoutExtremely Range bound.
Make or Break.... Can be Massive on either side.
Keep eye
MUTHOOTHFIN SELL FOR 15 DAYS MUTHOOTHFIN SELL FOR 15 DAYS TGT - 1050 - 1030 - 980 AND SL 1150 CLOSING BASIS
MSFT - MUTHOOTH FINANCE 1170-1180 CRUSIAL SUPPORT -MSFT - MUTHOOTH FINANCE 1170-1180 CRUSIAL SUPPORT . profit booking seen on 19th JUNE 2020. I still see an upside/downside for 6%
[Turtle] Muthoot Finance Short IdeaShorted Muthoot 1320 Call at 9.05
You can short futures if you want. I did the above trade as I am a beggar
MUTHOOT FINANCE LT | 18 JUNIT HAS BEEN IN UP TREND SINCE CRASH
ALSO IT HAS REACHED ALL TIME HIGH
2 DAYS IT HAS BEEN IN OVERBOUGHT ZONE
LOOKING FOR RETRACEMENT OPPORTUNITY
ALL THE BEST...!
Muthoot FinanceBuy above 990 with the stop loss of 982. Targets are 998, 1006 and 1015.
Sell beloe 970 with the stop loss of 978. Targets are 962, 954 and 946.
ALL TIME HIGHS FOR MUTHOOTFINTHE STOCK HAS TESTED ITS SUPPORT AND ABSORBED ALL THE SELLING VOLUMES AND IS NOW READY TO MAKE ALL TIME HIGHS.
RIDE THE TREND AS LONG AS IT DOES NOT BEND.
STOPLOSS RECENT LOW OF 910
TARGET - INFINITY.
