Spotted- Bullish harmonic in Muthoot Finance Ltd in Time frame- Daily Observe whether it respects the harmonic levels. Study-Practice-sharing Educational purpose only. This is not a recommendation - I am not SEBI registered - Do not TRADE/INVEST based on what I publish here. I am not responsible for your loss or gain. Inspired by - Trading Mirror Telugu
Reason for long a) Consolidation breakout b) Pole and flag set up c) volume accumulation d) SL compulsory e) fundas okay
In July 2023, price decisively cleared its previous interim peak of 1210, along with Monthly MACD going above its Trigger line. This confirmed resumption of longer term up-move. Price is initially expected to test its previous all time high of 1722. A decisive clearance of 1722 would open higher target of 3000 (261.8% Fibonacci Retracement level). Bullish...
entry above the line stop below the line consolidation breakout ( anticipation)
🌟 **Stock Alert: MUTHOOT Finance (CMP: ₹1415)** 🌟 📊 **Fundamentally Strong Pick!** 🎯 **Targets: ₹1500 and ₹1700 (Minimum)** 📉📈 **Technical Analysis: Cup and Handle Breakout!** 🚀 **Reasons to Consider:** 1. **Fundamental Strength:** MUTHOOT Finance boasts robust fundamentals, making it a resilient choice in the market. 2. **Cup and Handle Pattern:** Technical...
Buy from cmp to 1456 easy tg 1500 tg2 - 1550 tg3 - 1600 Not suggested Disclaimer : This is my personal analysis for study purpose not intended for trading.
The stock has given a fresh breakout today. we may get a pull back around the highs. Retail generally sells around the previous highs. And that pull back will be the only opportunity post the breakout. Tgts are mentioned on the right half of the chart.
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1%-2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose Please note that, if there are some big targets, those are drawn thinking...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
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 above -52.57, may reach 61.09, Cash price - 20-30 If trigger line crosses below -48.04, may reach 39.38, Cash price - 16-22
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.
Reason for long a) Pole and flag set up b) weekly breakout c) QQE long d) Volume breakout e) channel play SL compulsory
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 breaking double bottom pattern trading above 20 ema strong RSI building up volume good for thisfestive season educational idea
intra buy around 1294 with stop 1281 targtet 1301+ trade purely based on trendline intersection disclaimer - trade @ own risk