MUTHOOTFIN trade ideas
Muthooth Finance Extened 5th Wave and Pole Flag FormationAll analysis visible in chart.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
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Not recommended to take FnO positions based on this analysis
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MUTHOOTFIN long call shotMUTHOOTFIN #
29.04.2021
Looks good buy around 1152
stoploss 1141.25
Target 1184.25
CMP 1169.80
Buy for a tgt 1184.25 of SL 1141.25
It is just a view, pls trade at your own risk
on a good lever to buy can give 30-40% returns in short term due to deat g muthhot the stock was in downtrend now its time and good level to buy one of the bigesst gold holder in india
MUTHOOTFIN - Multi-time Frame + fibo The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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Muthoot finance to take long entryBuy muthoot above 1205 TGT 1265 SL 1180 . Stock is trading in support and resistance level. This is for your educational purpose only.
INTRADAY: Watchout for resistance BOThe stock looks good above 1210 level - can fill the gap in intraday
MUTHOOTFIN may give a good moveIf the sock breakout
Entry - after breaking the trend line (safe entry will be 1406)
T1 - 1659
T2 - 2066
SL 1 - 1202
SL 2 - 1095 ( SL are very far if you find any SL let me know)
If the stock breakdown Target will be 1002. (I will give the levels after the stock getting near the breakdown)
GOOD BUYING OPPBuy with a target of 1340(10%) ,increasing gold prices will aid script momentum, place SL at 1160
Disclaimer:- For educational purpose only.
muthoot finance buying opportunity muthoot reaching to the resistance area . can be accumulated in sip manner
stocks to watch on 31/03/2021Stocks to BLAST on 31/03/2021
Breakout expected
Go as per the break out .
Enter on the side of breakout
Don't rush to buy/sell after breakout.
Wait for the pull back .
Time Frame to achieve target: max 3 days
