MUTHOOT FINANCE LT NSE:​MUTHOOTFIN

The 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 ...

REFER OTHER CHARTS ON DIFFERENT PERIODS TWEETED

IT IS BULLISH AND BROKEN OUT ABOVE CLOUD ON WEEKLY CHART...

IT IS A MONTHLY CHART... IT IS FORMING A BULLISH FLAG PATTERN... ABOVE CLOUD AND SATISFYING ALL THE PARAMETERS OF ICHIMOKU SYSTEM....

SWING TRADING OR BREAK OUT??

sell if it breaks PDL with sl at PDH buy if it breaks PDH with sl at PDL

pennant + 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

We 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

Expecting 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.

Levels explained on chart..

at 441 SL 434 tgt 474

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 ...

#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

it broke tringle with high volume and it is also a pin bar, it is in bullish trend.

do your own analyzes before taking the position

Good results clubbed with a TL breakout is a clear buy. Buy at 430 Stop at 400. Tgt 500.

Buy MUTHOOTFIN between 425-415 T1: 515 T2: 570 SL: 385

Most 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 ...