MUTHOOTFIN - Bullish RSI divergencePrice moving down but RSI moving up, shows some momentum is starting to build up for upside. Especially in broader market index, financial stocks are starting to picking up. A probable candidate for short term buy.
MUTHOOTFIN trade ideas
Muthoot Finance Technical Analysis . Hello friends , Today i have the technical chart Of Muthoot Finance . Friends as you can see here that it was in a down trend but now it can go up because it is making a " Falling wedge " because it has broked its upper trend line and also remember it will go down first and then up from the support price as shown in the picture ,Thus it is also near the breakout point .Its Support price you can take is at rs 1061 and 976 and its target you can take for is at rs 1201,1256 and 1302 and if it goes down then stoploss you can take is at rs 1011 and also remember to read out the notes and other things written on the chart and i have showed the nearby support you should also see the marked supports on the chart . Thank You . If you like this Idea and this Analysis just please like this idea and leave a comment i will surely try to improve it or if you have any doubt related to this you can write in the comment. Bye Bye .
MUTHOOT FINANCE LTD - Descending Triangle Breakout UpwardThe Descending Triangle is bearish formation during a downtrend of a security. However , there are instances when Descending Triangle forms a reversal pattern which seems to be the case of Muthoot Finance. Targets on the chart.
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.
Correction ended on Muthoot Finance1) MACD Crossover
2) Rally and correction which has ended at 20 DMA
MUTHOOT FIN:- LONG TRADE SETUPMUTHOOT FIN breakout through the nicely shaped Falling Wedge Pattern & closes above down sloping trend line.
Levels mentioned on chart.
Given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Muthootfin-A great price actionA great price action in the place. All the price action lover must be looking at the important levels.
Few points to consider is this stock came for the first time to the support or say gap acting as support along side a break of trendline from top is another signal that it might go up & making a W pattern while going up can be another signal too.
But remember folks it can't go up straight in one line so it should hold at this level for some time and after that when it breaks it should go up real fast..
Keep an eye folks. Hope it helps.
Disclaimer:- I am not SEBI registered. Trade with your own risk and trade with caution.
MuthootFin - Inverse Head and ShoulderPlease note: This idea is shared for learning purpose, do your own study and take trade based on your study
Muthoot Fin is likely to form an inverse head and shoulder pattern.. Wait for chart movements in coming days..
Target - 1400 +
muthoot finanace falling wedge breakout in day chartmuthoot finance falling wedge brekout and formed a bullish and next target as marked
MUTHOOTFIN is Making Symmetrical Triangle Pattern (Breakout)Muthoot Finance Limited : ( NSE:MUTHOOTFIN ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
If you want to get something good like this EVERYDAY then follow me here on TradingView now.
Chart Published By Ravinder Sharma
Thank U.
MUTHHOOTFIN Previously it did not break that line. not its showing signal to go up by Rs 100 with small stop of 1000. My view only may be 100% wrong
