MUTHOOTCAP trade ideas
bullishMuthoot Finance: Turned bullish. Support is at 870 and intermediate term target is 1234 and above
Muthoot Capital One can time the entry at fixed lines - Muthoot capital is so far respecting the lines.
Moving average positional tradeThe stock was respecting 50 day Moving average mutiple times and it was trading above its 200 day moving average. Took position on 30th MAY 2018 @ 920.
The next few days were very tough at it was reaching my SL of 797 ( previous swing low).
The stock again respected the 50 Day moving average and is moving Up now . Revised SL is 990 now.
Muthoot Capital- Flag patternBUY range 920-935
Target
960
975
990
1010
SL below 890
CBSL
For educational purpose only
Will it break the Ascending Triangle ? Trade Levels
Position - Long
Entry - 650
Targets - 657 / 664
Stop loss - 641
