MUTHOOTFIN trade ideas
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
MUTHOOT FIN 1hr analysisMUTHOOT FIN has reached it's support level
it's the first time for the stock to test it's support
level, it's has a high probability of bouncing back
we'll ignore it if it breaches the level.
if it bounces, the first target can be 1450, nd the 2nd- 1520
Important support has been acted as supportImportant support has been acted as support, lets wait for a massive upside blast - 8% sl and 28% profit
muthoot finance muthoot finance seen at support and having good entry to buy , stock is not in overbought zone
positional/swing trade
Muthoot on short term Parallel channel supportStock is moving in a parallel channel and is currently near support. Can be bought for a target of 1600-1620. CMP-1500. SL will be 1450 on a closing basis. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas.
Buy Muthoot Finance on Positional basis....Buy Muthoot Finance on Positional basis....
Check screenshot for target and SL
BREAK OUT TRADE'S.BREAK OUT TRADES ARE VERY FRUITFUL IF YOU CAN FIND PERFECT SUPPORT/RESISTANCE AREA'S. IN THE CHART, I SHOWN PROPER SUPPORT AND RESISTANCE AREA'S ON THE CHART OF MUTHOOT FINANCE OF DAILY TIME FRAME. IF YOU LEARN TO FIND THESE IMPORTANT AND MOST IMPORTANTLY, AFTER FINDING OUT THESE ARES YOU WILL HAVE TO ENTER INTO THAT TRADE ON BREAK OUT PRICE SO THAT YOU CAN ENJOY THE BENEFITS OF THESE HUGE BREAK OUT OF DAILY TIME FRAME.
THIS POST IS JUST FOR EDUCATIONAL PURPOSE.
BREAK OUT IS HAPPENDED LONG AGO, POST IS PURELY FOR EDUCATIONAL PURPOSE.
Muthoot Finance - Range Breakout DoneMuthoot Finance :
Range Breakout Done
Stay Long above 1613
Support at 1585 and 1565
MUTHOOTFIN - Rectangle & Alternate BatRectangle breakout on Daily Chart of MUTHOOT FINANCE at 1300. Volume was quite good in the last 2 days. Alternate Bearish Bat 113%(1.13 extension) at 1458.50, which, is the same number we get with the clone of the rectangle. Can give a good move in coming days & weeks. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
MuthootfinDate : 22-July-2021 #MOH
Stock : MuthootFin
Pattern name 👉🏻 Bearish Deep Crab 🦀
Current Market Price : 1605
Expected Reversal Zone : 1656-1660
Details:- Muthootfin have rised along with market, As per Bearish Deep Crab 🦀 , Expect this stock to give reversal from 1656-1660 level
HOW A RESISTANCE BECOME A SUPPORT In the above chart of MUTHOOTFIN.I try to explain, you that how a resistance will act as a support.
Trendline Break OutAs simple as it can get. Stock got Trendline Break Out on Daily Time Frame and looking good as CMP for immediate targets of 1640/1675. SL below 1570.
