Muthoot Finance pole n flagBreakout on charts
Buy in dips
Do not rush for buying it will give you opportunity for buying.
Buy in range 1530-1540 for good risk reward
MUTHOOTFIN trade ideas
Bullish on MuthootFinStock Had good accumulation over a period of 1.5 years. Now it is forming a bullish flag which confirms upside.
MuthootFin - Flag BreakoutMuthoot Finance Pole and flag pattern breakout in 4 hr timeframe. looks good at CMP : 1510 for swing traders.
MUTHOOTFIN on RADARAfter a very good rally from triangle breakout,
The stock has been trading in a narrowing range,
Whoever missed the initial rally
can take this as an opportunity to enter again if the breakout happens
Muthootfin - profit booking - sellRecently the results of the company were declared and the company declared good results.
The stock has been moving in a narrow range for sometime.
sell the stock if it crosses 1455
Swing trading and Intraday on MUTHOOTFIN - minimum 3% 👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥
🔥 Common sense used: Do watch the video to get to understand all of the information
📌 Structure is bullish
📌 A good pattern is created above the triangle pattern
📌 On 30mins it is showing an amazing pattern = wait for BO and enter sharply with risk defined on your setup
📌 2% logical Risk with 3% to more rewards towards ATH can be seen
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Will MUTHOOTFIN Touch 1700 Before next event Date on Aug2021????On a Daily Time Frame, MUTHOOTFIN has broken a perfect Channel Pattern and formed a Triangle pattern after the Channel Breakout. Lets see if it breaks the triangle pattern and touches 1700 Level on/before the next Event Date in Aug 2021. ( The 1700 range is taken based on the height of the Channel pattern.) Disclaimer: Kindly consult with your Financial Advisor before taking any trade.
Muthootfinance d chart analysisMy personal point of view.
as we see a good rally in muthoot now, it formed a pole and flag patter.
if it break up side and sustain above support han it can again give good move.
if it break down side avoid it or take small profit in short selling and exit.
Muthoot Finance - Flag PatternMuthoot finance is in flag pattern with consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Bullish Flag FormationAfter hitting a high of 1550, the stock formed a bullish flag formation and has given a breakout.
SHORT MUTHOOTFINNSE:MUTHOOTFIN
#MUTHOOTFIN
After a god rally, Sideways consolidation on daily is going on. Double Top formation on daily charts with rejection from the higher levels going on. Neckline breakdown can give a good downward move into the stock.
CHART BY HarmonicTrading™
MUTHOOTFINMuthoot Finance Flag Pattern
Breakout above 1554.
or can Add in Dips 1450
and Nexr major Support is @ 1411
