MUTHOOTFIN trade ideas
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.
Muthoot Finance Trendline Breakout [Tgt 1280-1300]With the breakout in prices of GLD above 1800$, Muthoot Finance has also given a fresh trendline breakout with good Volumes
Buy for Target of 1280-1300
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.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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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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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
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.
