Short term returns Muthoot Finance#Nifty #nifty50 #NiftyBank #Stockmarketcrash #stockmarkets #StockMarket #StockMarketindia #stocks #StocksToBuy #stockstowatch #StocksInFocus #OptionsTrading #optiontrading #Optionselling #OptionChain
MUTHOOTFIN trade ideas
Muthooth Finance Cmp 1028 Triangle & Doji CandleMuthooth Finance Cmp 1028 dated 10-4-2023
1. Triangle BO @ 1025 (Already done)
2. Doji Candle (high @1030)
Buy above 1030 for target 1045-1055-1070-1105-1140 SL 1000
It is just a view, please trade at your own risk.
Muthoot finance with 20% potential Bullish on muthoot finance 20% upside potential, with good qtr result support
Look Left Trade RightPrice making bearish divergence with the momentum indicator
last 3-4 days price action suggesting price hitting the wall.
We will see if History rhymes this time also.
Don't know if Manappuram case will have a spillover effect here also.
Happy Trading !
MUTHOOTFINMUTHOOT made rounding bottom on daily charts & broke above neckline with good volumes.
Could be bought with mentioned stoploss & targets.
MUTHOOTFINMUTHOOTFIN broke out of descending channel on an hourly chart with good volumes.
Could be bought with mentioned stoploss & targets.
Swing trade Muthoot FinanceMuthoot finance looking good for a swing trade with good risk reward, after a bull run then consolidation, now again ready for the next bull run
Muthootfinneeds to be sustain above 1065 for further up move . otherwise we can see 800 in near future keep an eye
MUTHOOTFIN Down to see 800 level ??!!!Chart patterns insist me the above titled opinion.
Reasons
1. Muthoot finance has been travelling in a expanding triangle pattern from 2015.
2. Till now, its respecting the pattern by taking support and resistance at perfect levels.
3. Currently it is in downswing inside the pattern.
4. It may take take support at the Major support (GRENN LINE 800 LEVEL ) soon .
In Weekly timeframe, there is BEARISH PENNANT formation , yet to give BREAKDOWN.
5. only if the Bearish Pennant gives BREAKDOWN , we can confirm the down move .
I will update(Target and SL) once it gives Breakdown!!!
We need to wait, as the breakdown can occur this week or 2 month later or never.
Let's wait for the Market's decision!!!
As of now, (on seeing the chart) its not easy for bulls to charge up.
Note : Just sharing my view....not a tip nor advice!!!
MUTHOOTFIN (INTRADAY)MUTHOOTFIN broke out of descending channel on 30 min TF with decent volumes.
Could be bought intraday with mentioned stoploss & target.
MUTHOOT BREAKOUTMuthoot finance was trading in a falling channel from last many days and recently breaking out that channel pattern and coming out form consolidations it is looking a breakout so we can go long for the target 1070 zones in coming days and may be the down trend will halt in this stock here.
TARGERT
MUTHOOT FINANCEExpanding Triangle Set up.
Good Risk Reward.
SL & Target Mentioned In The Chart.
Cheers,
PriceNpedia.
MuthootFin !!!!MuthootFin looking bullish Buy above mentioned level for Good R:R.
Wait for level to come:-)
@VishwajeetSharma
lomgManappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC
SELL Swing muthoot FinanceSell muthoot finance below 960 for the target between 910-900 with strict SL of 990. Reason for your learning of taking short call 3 star trading setup
1) Stock Rejecting 50 EMA Level.
2) Support will be BD again below the 960 level.
3) RSI too Rejecting 60 level. Even not able to touch the 60.
All above points shown weakness in structure of the stock. This is for your educational purpose only.
Muthoot Finance: a probable long tradeMuthoot Finance is an attractive scrip to accumulate. Increased gold prices leads to more gold loans and in turn leads to higher income for the Co
Be proactive. Remember #symphony?
Safe traders to enter post 1200 WCLBS when the structure changes
Major demand zone!!!Stock is consolidating near major demand zone for almost 8 months. We could see a strong reversal from here if stock sustains above 1100 level.
Positional or Longterm Opportunity in Muthoot FinanceGo Long above 1058.1 for Targets of 1108.75, 1159.4, 1210.05, 1260.7, 1311.35, and 1362 with SL 107.45
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support around the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around the 0.618 Fibonacci level.
3. Additionally there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
long muthoot fincan go long for the tgt of 1100
mainly stop loss hunting so a quick trade according to me NSE:MUTHOOTFIN
MUTHOOT FINANCE WEEKLYPrice broke strong resistance zone on weekly TF marked by red zone.
Fibbo 61.8% support & bounced. Price has been falling from last 15th Nov 2021 and its been one year and now price is going sideways & trying to go up by making W pattern. Expecting a target 1350-1400.
MUTHOOTFIN bouncing off 200WMA and trendlineThe chart of the stock Muthoot Finance (NSE: MUTHOOTFIN) is bouncing off its long-term, seven year old trendline from where it has taken support multiple times in the past.
The stock is also bouncing off 200WMA which has also been its long-term support since listing.
The chart looks bullish with ultimate target of previous all-time high zone of 1800.
This is weekly chart time frame of MUTHOOTFINANCE!One can go long in this particular stock for positional, as it has taken good support on weekly time frame & can give potential target upto 20% from current level...
