MUTHOOTFIN trade ideas
Muthoot finance - sell at higher levelsAs long as weekly close is below 699, it can go to 654 level.
It may create a new 52 weeks high and revert.
Watch carefully on a weekly closing basis.
So try to sell as near as possible to 699.
MUTHOOTFIN CASH : LOOKS GOOD ABOVE 694.10MUTHOOTFIN CASH
22 OCT 2019
LOOKS GOOD ABOVE 694.10
STOPLOSS 687
Tgt 699-700/708/720
Cmp 686.90
MUTHOOTFIN-BUYMuthoothfin-Buy
Current Market Price: Rs.645.40
Stop Loss: Rs.633.80
Target: Rs.683.75
Risk Reward:1:3.25
On daily chart there is strong support and weak pullback
This Chart & write up is for education Purpose only.
MUTHOOT FINANCE SHORTSTOCK IS CURRENTLY MOVING IN A WEEKLY UPWARD CHANNEL
PRICE HAS REACHED THE UPWARD TREND LINE
IN THE 1 HR CHART PRICE IS ABOUT TO BREAKOUT AND IS FORMING A BEARISH
TRIANGLE PATTERN.
SEE CHART NSE:MUTHOOTFIN
MUTHOOT - MIXED REACTION!!MUTHOOT FINANCE BROKE OUT BULLISH FLAG TOWARDS HIGHER SIDE.
BUT, THERE WAS PROFIT BOOKING AT 700.
THIS FORMS AS DOUBLE TOP AT 700.
THE PRICE MAY COME DOWN TO 650, IN THE COMING DAYS.
TO SHORT, ONE MAY KEEP 700 AS THE STOP LOSS LEVEL.
MUTHOOT FINANCE | LONG SWING TRADE SETUPLOOKS PRICE PRICE ACTION FORMING AN UPTREND CHANNEL.
COUNTING THIS MOVE AS 1-5 WAVE.
STOP LOSS BELOW WAVE 2.
MUTHOOTFIN 600 || SHORT || INTRADAYSELL below 600 SL 602
Targets 598, 595, 590, 588, 587, 585
OR
MUTHOOTFIN 26SEP 590 PE (₹11.60)
MUTHOOTFIN Short Setup [Intraday]NSE:MUTHOOTFIN Short at 606.30 with SL at 609.50 and TP at 596.60
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
Muthout Buy side tradeb at 605 around sl 600 on closing basis of 15 min candle. tgt is 1:3 i.e 620-625-630.
Its for educational purpose.
MUTHOOTFIN1) Only for risky traders, the risk-reward ratio is not favorable
2) Conservative trader wait for a breakout of descending triangle
3) only trade setup I can see delv % increasing daily & gold rate are very hight in future gold finance giving companys benefited +Ve Sentiment
4) SL - low of candle Entry - High/Close of candle Exit resistance line
MUTHOOTFIN 4 HOUR VIEWMUTHOOTFIN SUPPORT LINE 592.50.THIS LINE BELOW FALL POSSIBLES PRICE 572....543 TOUCH.BUT THIS NOT CROSS POSSIBLES
PRICE 640...654. A BUY LEVEL POSSIBLE 600/595. AND DOUBLE BOTTOM 594-592 A BUY SIDE POSSIBLE.
