Inverse head and shoulder Inverse head and shoulder has been formed in Muthoot finance and given breakout
Target -1373
MUTHOOTFIN trade ideas
GEARING UP (BREAKOUT RETEST IDEA)Hi, friends as you can see on this daily chart of Muthoot Finance it is showing a Rebounding structure after making a recent lows of 915 levels and if we will go to the weekly or monthly chart we can see it is falling from 1700 levels and now showing some strength after creating a base near about 950-1000 levels and currently making higher lows and successfully breached previous two swing highs and gives a breakout in this two previous swing highs one was a strong resistance for it and now price break that levels and trading very well above that resistance so my idea is that after this breakout it can come to retest it's Breakout zone which is near about 1085 to 1070 levels that will we our entry for the target of 1187 for this idea 1040 will act as a strong support on daily closing basis.
MOVING AVERAGES-: (EMA)
Daily Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
Weekly Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
Monthly Chart- Price Trading Above 20, 50, 100, Moving Average.
RSI-:
Daily Chart- 72.66 (Bullish)
Weekly Chart- 63.13 (Bullish not Overheated)
Monthly Chart- 51 (Neutral with Bullish Divergence)
Strengths-:
-: Higher Highs and Higher Lows.
-: Price trading above on all moving averages on Daily, weekly and monthly time frames.
-: Daily and weekly RSI are Bullish and monthly.
-: Current price 1128 gained 9% in current week.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
Regards-: Amit (AR)
VIEW ON MUTHOOT FINGood chart
Stock at day's high
Target 1188/1210
Stop loss 1158
I am just representing my views
For educational purpose only.
positional tradeDISCLAIMER : This is not buy/sell recommendation .Post is only educational purposes.
Short term returns Muthoot Finance#Nifty #nifty50 #NiftyBank #Stockmarketcrash #stockmarkets #StockMarket #StockMarketindia #stocks #StocksToBuy #stockstowatch #StocksInFocus #OptionsTrading #optiontrading #Optionselling #OptionChain
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.
