MUTHOOTFIN trade ideas
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
MUTHOOTFIN buy setup - High reward for low riskBuy MUTHOOTFIN between 425-415
T1: 515
T2: 570
SL: 385
MUTHOOTFIN | Expecting BreakoutExpecting MuthootFin to give breakout. One can go long with SL below 450. Risky traders can also look for short around 470-475 with SL above 477.
Sell on Rise ( Daily Reversal) This one as it is completed the Pattern and due for correction as C wave of internal , its one of the pattern of B Wave and You can also see the running flat in the Middle of B wave , Now in rare cast it might move up and tag the 491 , buying at this level is not That Good , but one can look for selling short in Futures after confirming the reversal on Daily , that means You can look to go short at 3 PM before the EOD , and stay with it for Good % Move ,
Good Luck
#MUTHOOTFIN#BoxBO
Target 514.60
Duration 1.5 months
TGC aligned on all time frames
CCI(D/W) > 100
CCI(M) on the verge of crossing 100
Bottom is confirmed
Volume Support
for swing tradingit broke tringle with high volume and it is also a pin bar, it is in bullish trend.
MUTHOOTFIN : BUyGood results clubbed with a TL breakout is a clear buy. Buy at 430 Stop at 400. Tgt 500.
Muthoot Fin Short term viewMost of the time I given my views before breakout, by viewing indicators and having confident on that, So safer traders, can initiate trade after breakout (on closing basis) and risky traders can buy from this level.
Daily MACD cut,Weekly MACD crossover, ADX loosening the negative bias,RSI and CCI are in positive mode helps to breakout and reach the target on coming days. One hour chart also favorable to enter at CMP.
Vijayaraghavan.K,
Kovilpatti.
MUTHOOTHFIN bounce uptrend ideaEnetered on 3rd August at 414.55
stop loss at 396.5
Update stop loss I on 9th August 2018 to 416.0
TSL breached on 10th August
Booked 1.45 points profit
DOUBLE BOTTOM REVERSAL/PFThe Stock has broken the Double bottom neckline and traded above it so we can conclude that it has changed its bearish behaviour. Price us retesting the previous bottom and bounced from there. RSI is healthy. We can frame a long trade with the following details
Entry 398
SL 379
Target 424/440
PF setup may guide the price movement and target.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
MUTHOOTFIN-bearish -Short term Swing tradingMUTHOOTFIN looks looks weak for short term and struggling for a proper bounceback.
Sell Below: 375 for targets -
T1: 356
T2: 349
T3: 341
SL: 393.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
