Darvas Box Breakout Self explanatory chart NSE:MUTHOOTFIN
Hi Traders / Investors , This is a Swing Trade. There can be a bullish momentum in Muthoot Finance Ltd because of following reasons :- 1) Consolidation from (5 months) with Low Volumes got Breakout with High Volumes and Large Green Candle. 2) Got another opportunity to enter because of Retest . 3) Prior resistance level got break and now acting as a support . 4)...
Breakout given after 6 months consolidation ....1st Target 1800 2nd Target 1850
1D Time frame as per price action parallel channel breakout Upper Bollinger band broke on a closing basis RSI > 60 ADX Raising
price Break and retest from last 8 week consolidation , for trade quick 10 percent and for investors may be 30 percent from here is expected with sl of 1580 (closing)
Today muthoot finance has given breakout in daily time frame & Weekly time frame. It was forming flag & pole pattern since many weeks but today it has given big candle with great volume and broken 1585 resistance. If you look in hourly time frame it is again forming flag & pole. So it might consolidate/small downtrend for few days.
#Muthoot finance long opportunity Target 1797/1874, Add more on dip Sl-1397 CMP:1659 @ 8 November 2021 Timeframe -3-6 months
Rectangle pattern breakout seen. The breakout is given after a consolidation which further strengthens long position. A decent volume breakout confirms the same.
muthootfin follow trend and also given range breakout we might see good upside in future not any recommendation thank you..!
Stock gave a breakdown near 1070 in last trading session and today moved till 1000 to fill the gap (1012 to 1037) that was created on 18th June. After filling the gap, stock started to move upward. Let's wait & watch how the stock behaves near breakdown level.
Long Muthootfin. Current stop loss at 1520.
Buy Muthoot Finance at/near cmp 1519 tgts 1555/1590/1640 SL @ own risk Cash Positional
Swing traders can watch out MuthootFin with SL below the Breakout TL.
Muthoot Finance : Ascending Triangle breakout view Sustaining 1600 can lead to good upmove Support at 1560
Triangle pattern forming :keep track will complete it with in some days after that if breakout happens then a trade will initiate.......
Stock is in sideways and going to touch the support level
BUY 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.
Wait 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...