MUTHOOTFIN trade ideas
Muthoot: Gold is BackThe Stock has given a breakout after a long period of consolidation. We expect the stock to move and retest the highs of INR 1,400. Long trades can be taken with SL of 10EMA which is currently around INR 1,210
MUTHOOTHFINMUTHOOTHFIN:- BUY AT 1234 FOR TARGET 1270/1285 SL 1210 (ASCENDING TRIANGEL BREAKOUT)
#Disclaimer:-I just shared view for only educational purpose.
Triangle pattern breakout on MUTHOOTFIN.The stock has been consolidating in a triangle pattern for the last 6 months and is on the verge of a breakout. Also, GOLD prices could be heading for a fresh all-time high, and the stock reacts similarly to changes in gold prices. Look up the link mentioned below to find the breakout long trade on GOLD posted last week.
Levels of entry and exit are mentioned in the chart.
Symmetrical Triangle PatternThe stock is making a symmetrical triangle pattern and looks good above 1250 level.
Gearing up for a big up moveGoing into earnings season, this is positioning itself for a big up move. Maintain SL
3+ months triangle consolidation for Muthoot Finance!Muthoot Finance is very close to a BO/BD from the triangle now. One can expect a 400 points movement on the side of the BO/BD. Keep an eye!
MUTHOOTFINThe stock seems heading towards 1400 after break of downward trendline near 1252. SL can be kept at 1177.
can be bought with SL 1136 for target of 1400Triangle Breakout, for FnO trade do your own analysis. Idea is only for trade in cash.
MUTHOOT FINANCE LONGMUTHOOT FINANCE has been moving within a triangle pattern and is on the verge of a strong breakout (possibly a strong upside). A trending day is expected. Catch the ride to make good profits when the breakout occurs. The possible target is 1380/-.
