#MUTHOTFIN CASH : LOOKS GOOD ABOVE 506#MUTHOTHFIN CASH
04 FEB 2019
LOOKS GOOD ABOVE 506
SL 496
TGT 518/528
CMP 502
MUTHOOTFIN trade ideas
MUTHOOT FINANCE LTDStock has witnessed a range breakout from a 2 year range of approx 169 points with big white candle having good volume.
If Stocks manages to stay above 500 levels on weekly basis, it can move towards 600 and then 700 levels.
Price action will always be the king , so keep an eye an on the price action to ride the potential rally.
NSE: Muthoot Finance pull back rally from 389 continues strengthNSE: Muthoot Finance
Upside momentum from low of 389 continues with strong participation.
One can initiate a buy to ride the wave.
Price breakout above 500 suggests momentum will continue with stop loss of 480 and can achieve target level of 550, 558, 568, 598
With further breakout above 598, target of 726 insight.
At current level strength of pull back is looking strong with price movement in very strong up channel.
[Intraday] MUTHOOTFIN Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
MUTHOONFIN sell if breaks 510.60 , for target 506.80MUTHOONFIN sell if breaks 510.60 , for target 506.80
MUTHOOT FIN INTRADAYBEARISH BUTTERFLY MUTHOOT FIN
SELL PRZ AT 517.8 TO 521 SL 524.1
TGT 513 AND 504 CMP 516
CHART BY MAHENDRA 31/12
TELEGRAM @ MAHENDRA JADHAV
Muthoot Finance: Wonderful Wyckoff AccumulationThe stock comes across as a wonderful wyckoff accumulation candidate. If this view is correct, then price should get into a mark-up phase or a trending phase with higher spread and volume. The bullish view will be invalidated on a close below the LPS level in the chart.
Await Wyckoff Point & Figure chart target soon !!
BullishMuthoot returned from ½ resistance angle today. Tomorrow it has to close above 484.60 on closing basis for breakout. If it happens so, target in intermediate term will be 548. Solid 1/1 angle support is at 420
MUTHOOT FINANCE MONTHLY CHARTIT IS A MONTHLY CHART...
IT IS FORMING A BULLISH FLAG PATTERN...
ABOVE CLOUD AND SATISFYING ALL THE PARAMETERS OF ICHIMOKU SYSTEM....
MUTHOOT FINANCE Inside Bar Tradesell if it breaks PDL with sl at PDH
buy if it breaks PDH with sl at PDL
Inside bar MUTHOOT FInancepennant + inside bar
long if PDH is broken with SL at PDL
short if PDL is broken with SL at PDH
PDH - 407.7
PDL - 401.25
Extremely weak below 365/360 levelWe are looking at a monthly chart of muthoot finance. September months volume is almost 3 times the regular volume and current candle with this huge wick is suggesting more weakness in this stock. Watch out for 365/360 levels, if the stock closes below these levels. it can slide lower
