A deposit-taking NBFC & part of Muthoot Group from South India, pioneered in lending business for 30 years. MCAP=₹ 499 Cr., CMP15%, PE<10 FII/DII reduced the stake in last 3 years. CMP flow to feet to start the journey towards Peak.
A Inverted Head & Shoulder Chart Pattern Breakout happened on the Daily Time frame of NSE:MUTHOOTCAP Price Action supported by volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. One can initiate the long trade as per the lavel mentioned on the chart Stop loss will be on a...
- Breaking Down with volume - If today's close below 344 will create more panic - Below closing 344 will open the door for 300-270 level
Looks Good on Chart Breakout closing basis 426 SL 326 ( can double here as well) Only for study purpose not an investment idea
Must cross 461 at the month end and then can swiftly rise to upside shunted targets Target 589 / 751
In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
Good day, Hello Traders, Muthooth Capital is forming a Head and Shoulder pattern on Daily Time frame as of now. May head towards the target of 495. Also if one looks carefully it just completed a big rounding bottom which started from Aug' 2021. Lets see how it behaves. Time Frame: Daily. Chart Self Explanatory. Disclaimer: I am not SEBI registered...
Reason for short a) Monthly breakdown b) nifty and major index down c) channel breakdown d) QQE down e) Super trend negative side f) volume and price drop SL compulsory
In the Weekly Chart of MUTHOOTCAP , we can see that, with the help of Double Bottom reversal pattern, it gave Cup & Handle breakout. It has now formed a Bullish Hammer Candle on Trendline.
according to monthly analysis this stock will reach 437 levels in future
Muthoot Capital looks Attractive Fundamentals : Decent and improving, fairly valued, DII Stakes increased. Technicals : Bullish, Trend Reversal with Harmonic XABCD active, well placed above standards MAs ! R 1: 420 R 2: 470 R 3: 545+ S : 300
In the Weekly Chart of MUTHOOTCAP , we can see that; it has given breakout from Cup & Handle. Let it retest and then enter with SL.
Buy muthoot capital at CMP , place stoploss at 344 big blast above 370
Buy: Next open price Sell: Will update, will review every weekend. S/L: No need, will review every weekend.
Trendline breakout + Cup and handle on weekly. Indicators are positive too. Bullish above closing of 346. Targets 360-385- 403 - 422 - 440 - 465 - 500 ++ SL 270
Reason for long a) weekly breakout b) vwap support c) channel support SL compulsory
will buy abv 307 with SL below 280. Please do your research . It's not an advise to buy or sell
Stock Name - Muthoot Capital Services Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 340 #This is not Buy and Sell recommendation to any one. This is...