MUTHOOTFIN trade ideas
#MUTHOOTFIN LONG GOOD TO GO LONG WITH CLOSING BASIS SL OF 1110, SEEMS TO BE A DOUBLE BOTTOM TRADE WITH NECKLINE AREA WITH 1300 AS TGTS
Muthoot Finance#muthoot... stay cautious here, it can rise or it may break down from here to the next trendline as shown in chart. More probability is bearish for now.
Muthoot FinanceIts Looks Like M Pattern. If it breaks the lower trend then I will go for Sell. Also RSI is near 40 about to break it.
Muthoo - Double Top - ShortMuthoo Finance has formed Double Top
If the script break - 1140
Go for Short
Target - 980
SL - 1300
Disclaimer: Kindly do your own analysis before entering the trade
Short Muthoot FinanceShort Muthoot Finance Below 1140 on closing basis..Stoploss 1185 Target 1065...
BuyBuy above 1150 for a target of 1220.
SL - 1130
It might come down to re-test the demand level at 1052.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
MUTHOOTFIN | Taking decent trendline support- Looks good for 16%MUTHOOTFIN | Taking decent trendline support - Looks good for 16%
CMP : 1184
SL : 1140
Target : 1384
Almost 1:5 risk reward setup
Muthoot in parallel channel, near support / buy zoneMuthoot is in a parallel channel on daily chart and at the lower end. It is also close to 50 DMA of 1154. Risk reward looks favorable. Can go long with SL of 50 DMA (1154) or 1130 for more aggressive traders.
Welcome your views on my analysis
Muthoot FinanceThere may be a entry chance here with stop loss of 1125-1120. target will be around 1360 or even much higher.
Only for educational and knowledge sharing purpose, not a trading advice.
Plz comment your views in comment box.
MUTHOOTFINThis is my next two week bullish call on MUTHOOTFIN, support line are there with good volume supporting the bullish view.
Trendline and the specially designed volume action analysis suggest a BULL run on the MUTHOOTFIN.
Entry and Exit depends on when you are seeing this analysis :)
The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region.
will give follow back to all the followers.
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**DISCLAIMER
There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.
