MUTHOOTFINAIt looks like this stock is getting ready for big upmove upto 1400 levels as per my analysis and I may be 100% wrong
MUTHOOTFIN trade ideas
Question on Muthoot FinanceApproaching near small support zone.
Trend is weak.
Major support at 900-940 where it can accumulated if comes.
time to sel offthe chart has shown the descending triangle pattern, if it break down we can expect a down fall
958 and it might be reversed so now get out of it
or u can go for sell below 1050 and target would be 950
MUTHOOTFIN BUY CALL FOR SWING TRADERAny of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
On Tenterhooks !!A break in gold prices blw 48000/- should be enough to take this one to cleaners !!
Muthoot finance breakout of trendlineMuthoot finance took good support in area which I have marked in red box trendline is also broken, good for going long
Breakout of a rising wedge and stock making new highsMUTHOOTFIN BUY: 1125, SL: 1050, T1: 1250, T2: 1380
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The pattern so formed is Rising Wedge and has a clear breakout.
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Buy when stock retest its support trendline.
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Share with your friends and colleagues who need to learn how to trade.
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A friend in need is a friend indeed.
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Disclaimer: Do your own analysis before taking any action.
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-MOHIT RAJANI
Muthooth Finance Updated Chart !TREND ANALYSIS & TRADE SETUP !
UPDATED CHART !
Head & Shoulder Chart Pattern !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 12-18 % Gain.
MUTHOOT FINANCE IN 5TH ELLIOT WAVEPLEASE SEE CHART FOR DETAILS
TARGET 1: 1300
TARGET 2: 1400
STOP LOSS : 1065
**These are my personal observations. Please trade at your own risk.**
Muthoot Finance LongDetails in the chart
Reason for the trade breakout with volume
Sl below 1077
T1 1227
T2 1287
T3 1377
MUTHOOTFIN BUY ABOVE 1148MUTHOOTFIN
BUY ABOVE 1146 ~ 1148
TARGET: 1153, 1159, 1164, 1170, 1175, 1196
Posting for Educational purpose only
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
MUTHOOT Finance may test Fib Retracement LevelNSE:MUTHOOTFIN
On 1H chart MUTHOTFIN looks like Following Elliot Wave 5 Wave pattern.
If so the MUTHOOTFIN should show 1204 Fib retracement Level.
And then It may again show down move to complete its 5th wave.
Just a personal View for study purpose no trade recommendation
Muthootfin made bullish hammer on weekly chartIt's ready for 5 to 10 percent move 1130 in a week's timeframe.
