MUTHOOTFIN trade ideas
MUTHOOTFIN | Wedge breakout inside triangle pattern - 10%MUTHOOTFIN | Wedge breakout inside triangle pattern - 10%
CMP : 1205 (Dip : 1150)
SL : 1110
Target : 1330
1:3 risk reward setup
#Muthootfin cash : Good positional above 1300.10#Muthootfin cash -Positional call (only cash)
31.05.2021
Looks good as positional above 1300.10
for target 2000-2200
No need of stoploss
Cmp 1293
Muthoot Finance Triangle Breakout for short term - LongMuthoot Finance has briefly broken out of the channel pattern that is valid since September 2020.
However, the stock has given close within the channel after a triangle pattern breakout in hourly TF.
Good buying volume in the past few days.
Strong close in daily as well as weekly chart.
Closed above 200 EMA in daily TF.
Stock should head higher after crossing 1210.
Muthooth Finance H&S with Retail v/s InstitutionalTREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
HEAD & SHOULDER CHART PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Reward is 5-7 times .
Muthoot Finance Swing Trade OpportunitySwing Trade opportunity in Muthoot Finance. Buy above 1176 for a targets of 1185, 1240, 1280.. with stop as 1120
MUTHOOTFIN - JUST WAIT FEW MORE SESSION.. ROCKET ABOUT TO IGNITEMUTHOOTFIN looking bullish for short /medium term also. Just wait few more session it will cross 1300/
its have support at 1150 , once it cross 1200 it will touch 1300 in couple of days .
Muthoot finance SellShooting star has been seen at near resistance area. Sell below 1260 TGT 1150 SL 1305. This is moderate risk & high reward trade. once stock breach the level will try to shift your SL to risk free trade.This is for your educational purpose only.
Muthoot Fin long Parallel channel breakout and retest, if financials get support on next trading day, one can go long. A strong base has formed at 1115.
Intraday Levels Good Simple SetupShort Below-1255
Target- 1227
Buy Above- 1275
Target- 1292
SL For Both- 1265
Good Simple Price Action Setup..
MUTHOOT FINANCE - ATH in MayMuthoot Finance is trading in channel for good amount of time. It is consolidating for 8 months within 1050 to 1300 zones.
Entry is perfect for this stock now. Add tomorrow at 1168 and more above 1190...
Target will be updated earlier...
Muthutfin to move up for levels as mentioned in the chartMuthutfin to move up for levels as mentioned in the chart
MUTHOOTFIN 1 MONTH BUYINGMUTHOOTFIN 1 MONTH chart range bound pattern it will break soon.
target 1 = 1388
target 2 - 1606
TGT : 437 , 17% TGTWhy Buy :
1 - Near 20 DMA Support
2 - Positive Hull
Financial :
1 - PE of just 12 compared to industry PE of 17
2 - YOY sales and profit positive
3 - Gold prices going up , positive sign.
# Bought 300sh @ 1165.
