Correction ended on Muthoot Finance1) MACD Crossover
2) Rally and correction which has ended at 20 DMA
MUTHOOTFIN trade ideas
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
MUTHOOTFIN, Pullback Post H&S (Chart# 316)Muthootfin was shared as Chart# 310 week back when it formed H&S pattern. Now its pullback is complete
It looks very weak below 1036 (gap filling possible as well). Keep on radar.
Many more trades shared in our group. Focus on simple price action to get best results.
Thanks
Piyush Gupta
MuthootFin(Approaching Buying)MuthootFin has made a Harmonic Pattern. It is Approaching the buying Zone(1000-1012). Need to keep eye on.
