MUTHOOTFIN trade ideas
MUTHOOTFIN at it SUPPORT zone I will buy MUTHOOFIN because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1105
Target : 1300/1374
Stop loss : 1000
Muthoot Finance Swing ViewMuthootFin: Swing View
Looks good for a Breakout (Flag Pole)
Long above 1330 with a SL 1306
Muthoot FinanceBuy above 1330 with the stop loss of 1315. Targets are 1345, 1360 and 1375.
Sell below 1298 with the stop loss of 1313. Targets are 1283, 1265 and 1251.
muthootfin breakoutafter multiple rejection finally muthootfin give a breakout.
if take support go for long.
double bottom/rounding pattern/resistance trend line based tradedouble bottom neckline break above 1310
buy for target 1327, 1345
pattern seen - double bottom, 2 rounding pattern, resistance trend line break
disclaimer - trade @ own risk
Muthoot: Breaking out of 6 months consolidationLooks likes the stock is finally ready to move into a new orbit after 6 months of consolidation.
Muthoot Finance Ltd: A high probability tradeFor:
1. MACD crossover.
2. Near the breakout of Darvas box.
3. Increasing volumes and higher delivery percentage.
4. PCR at 0.79 as on 12/02/2021.
5. Taken support from 200 EMA (red) and 100 EMA (black) recently.
Against:
1. A slight bearish divergence.
Educational purpose only. My 1st idea (be kind).
Muthoot Finance on a strong resistance pointCan short if it is unable to break this resitance point, or if it breaks can go long till 1359.
MUTHOOTFIN continuation chart.Previous all TGT achieved.
Follow up buying may be continue tomorrow.
Good data and chart setup.
Good to grab on dips.
MUTHOOTFIN ::cmp : 1267.9
TGT 1313.25
Sl 1237 clbs
Let's see what happens....
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
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#MUTHOOTFIN Preparing for FLAG BO#MUTHOOTFIN Preparing for FLAG BO. Can be accumulated.
Details in chart.
