Namaste!
Muthoot Finance is one of my favourite stocks in the finance sector. The formulae I use to calculate intrinsic value suggests this stock, whereas it somewhat fails in the valuation of Bajaj Finance, SBI Cards, etc.
It is trading at a PE (Price to earnings ratio) of 11.62, whereas Bajaj Finance is 51.29 and SBI Cards is 45.53.
In most cases, the lower PE...
If trigger line crosses over 53.38, may reach 66.07, cash Price may reach 30-45 with a gap up.
If trigger line crosses over 42.61, may reach 32.58, Option Price may reach 20-22.
Ouch, That gap down might hurt this movement ahead, base might get longer and 21 DMA would roll below 50 DMA if the gap acts as resistance as earlier in the chart
MUTHOOTFIN needs to fill the gap indicated by rectangle in chart before it moves up ahead. Nullifying the gap down from earlier is important from strength perspective. Recent volumes haven't been much promising.
Muthoot Finanace:Seems rounding bottom break out is on the cards.EMA Golden cross over also adds up to the belief to go long for 1330 TGT
(For educational purpose only)
Muthoot Finance Ltd. is an interesting chart with following
1. ABCD pattern under formation in weekly chart
2. Price taking support at 20 week SMA i.e. Rs. 1270
3. Price crossed above 20 Day SMA (1259) and is trading neat upper Bollinger bands.
4. RSI on daily /weekly / Monthly time frame is bullish strong
5. As per fib Projections next resistance can be 1368-...
NSE: MUTHOOTFIN is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on...
A possible breakout of On Neck pattern is confirmed . One can but the scrip NSE:MUTHOOTFIN
at CMP or Below with an stop loss of Rs. 175 and for the possible targets of Rs. 1386/1442/1498
The Risk Reqard Ration is 1:3.
Exit the position if the stop loss is triggered on WCB.
DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME and hit the...
Short MuthootFin Below 1346, SL of 6 - 8 points for Target of 1330. Reason for trade RSI Divergence, Weekly TF candle is shooting star. Avoid trade if opens big gap up
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
If you think this idea is use...
The chart shows that the stock has crossed the year-long resistances and continuously going forward.
At this level risk-reward ratio is fine for a long entry if thinking of a positional setup.
Buying range is from the current price to as near as 1180.
Sustaining below 1160 will show weakness in the idea.
Targets may be 1390/1510.
Only for learning and sharing...
![MUTHOOTFIN: MUTHOOTFIN Gap Down [DAILY]](https://s3.tradingview.com/a/AP1Mg7to_mid.png "MUTHOOTFIN Gap Down [DAILY]")
![MUTHOOTFIN: MUTHOOTFIN Near BO [DAILY]](https://s3.tradingview.com/j/jSsYNy8C_mid.png "MUTHOOTFIN Near BO [DAILY]")
