longTriangle pattern forming :keep track will complete it with in some days after that if breakout happens then a trade will initiate.......
MUTHOOTFIN trade ideas
MUTHOOT FINANCE - POSITIONALBUY MUTHOOT FINANCE
ENTRY AT CMP
SL & TARGETS MENTIONED ON CHART. SL TO BE ON CLOSING BASIS ONLY
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
MUTHOOTFINWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
box pattern - 5 month durationmoving in box pattern with 1450 as base and 1600 as resistance.
now moving in uprising parallel channel with momentum
entry - suitable entry after retest 1600
target - 1660 , 1685 ,1720
stop loss - 1520 - 1450
MUTHOOTFIN | One more attempt based on Trendline breakout - 15%MUTHOOTFIN | One more attempt based on Trendline breakout - 15%
CMP : 1550
SL : 1480
Target : 1770
1:4+ risk reward setup
BUY Muthootfin Above 1574.85 stop loss 1462.20 Buy Above said level.
IF trade in Options buy for month atlest.
Consolidation and bearish move expectedIn a consolidation zone , near supports but finance sector looks bearish so look for shorting opportunity if supports breached.
muthoot financemuthoot looks good taking support from 50 ema...and a multi day support...good chance to bounce back from these levels
Short Muthoot Finance - Possible down towards supportShort @1535 - 1540
Target - 1460
SL - 1572+ (Should be a closing price in day candle)
Muthooth financeGlobal commodity market negative to neutral
Gold price is consolidating
Muthooth finance:-
If breaks 50% retracement and retest on daily chart , stock can test 1500 levels.
BUYING IDEA Market Cap
₹ 61,741 Cr.
Current Price
₹ 1,539
High / Low
₹ 1,639 / 1,000
Stock P/E
15.7
Book Value
₹ 392
Dividend Yield
1.30 %
ROCE
15.6 %
ROE
27.8 %
Face Value
₹ 10.0
PERFECT SHORT TERM SWING TRADEAscending Channel (this can be seen using SMA 180, Ticker is trending above it).
It is showing a Strong Support level.
The Ticker, currently is forming a smaller channel (like it did on 12 Apr - 2 June).
According to my analysis,
It will hit 139 in a 2 day period and
will hit 1640 after breaking the current Resistance.
We can also observe the Ticker now trending above the EMA 45 (it gives us a confirmation of the uptrend in the overall channel).
Empower yourself by Understanding the Technicals behind the trade and then entering the position.
Never invest in something that you do not understand.
[POSITIONAL] MUTHOOTFIN LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Flag pattern and reversal from support zoneCompany : MUTHOOTFIN
Entry Price : 1486.85
Stoploss : 1338
Target 1 : 1635
Target 2 : 1709
Muthoot Finance Cmp 1503 dated 24.8.2021Muthoot Finance Cmp 1503 dated 24.8.2021
1. Rectangle support @ 1440.
2. RSI Divergence.
Buy for a tgt of 1530-1565-1615 SL 1465
It is just a view, pls trade at your own risk.
MUTHOOTFIN READY FOR BREAKOUTNSE:MUTHOOTFIN
MUTHOOTFIN has formed a beautiful triangle pattern.Lookout for a breakout
