MUTHOOTFIN 1 MONTH BUYINGMUTHOOTFIN 1 MONTH chart range bound pattern it will break soon.
target 1 = 1388
target 2 - 1606
MUTHOOTFIN trade ideas
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.
muthoot finance Here we can observe flat correction in 2nd leg of primary impulse in three wave structure with timewise and price wise both
Muthoot Finance Cmp 1223 dated 10.5.2021Muthoot Finance Cmp 1223 dated 10.5.2021
1. Ascending triangle Pattern.
2. W pattern.
Buy for a tgt of 1280-1300-1325 SL 1175
It is just a view, pls trade at your own risk.
Muthoot Finance in a channel(potential long)Muthoot Finance is moving in the channel since August and now it is at the bottom level of the channel and has broken the trendline. So it is showing a potential long trade for swing.
#Muthootfinance cash : Looks good above 1220.10#Muthootfinance cash
09.05.2021
Looks good above 1220.10
stoploss 1200
Target 1238-1240/1265
Cmp 1211.70
Muthoot Finance - BullishThe stock is trading in a range since almost an year now. This is the time to buy the stock at the lower band of the range and enjoy the move up to the top range. One can also hold the stock and wait for the range breakout to further enjoy the bullish move.
Multiple bullish confirmations are present in the stock.
MUTHOOT FINANCE LTD- Breakout of trend lineBreakout of trend line
MACD crossover
support of 1171
Monthly target-1360
MUHTOOTFIN MAY TREND ANALYSISOn a day chart, after 3 drive pattern and little consolidation, MUTHOOTFIN gave a breakout after 1190 and traded above 1200. Looking at the stock performance and the chart the breakout shows a bullish trend on the stock. Monday 10th May if it starts trading above 1227 then T1,T2 and T3 can be considered as Monthly targets with internal corrections and resistance.
In case if the the stock opens below Friday's opening then the stock will again take support and the 3 reds will act as immediate supports for the stock.
You can always do back testings on Day/Week/5min charts as per your experience and track the Bank results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
Muthoot Fin long Stock has bounced of 200EMA and gave breakout above previous swing high, with good volumes and RSI breakout too. There is also positive RSI divergence & there is EMA crossover 100 to 50. Fresh longs can be created in dips near 1200. Easy target 1300-1350. SL will be daily CLBS 1200.
Go long in Muthootfin with SL at 1120 closing basis SLTrend reversal - Breaking above 200 DMA with high volume. RSI just cross 50 level shows momentum just picked up.
Gold price moving higher is the fundamental reason for stock price movement.
Expecting target of Rs 1300 within a month.
Muthoot Finance - Swing Trade and Breakout Trade OpportunityThe stock moves in a parallel channel for a considerable period of time.
Now, it starts to bounce from channel support and 50 EMA in weekly Time Frame.
Flag Pattern also visible.
