MUTHOOTFIN trade ideas
MUTHOOTFINMUTHOOTFIN:- BUY ON DIP, 1100 WITH SL OF 1040 CLBS
RSI+MACD+ADX DIVERGENCE WITH OI LONG BUILD UP
#Disclaimer:-I just shared view for only educational purpose.
MUTHOOT FINANCEMuthoot fin closed above important level and 9/21 ema crossover also occured today in 1 hr tf, so I am expecting bounce back atleast upto mentioned levels(1164.8)
It will be a intraday trade, but if it manages to close above 1178 then we can hold it for swing target of 1220 as well
Looks good to go upLooking to reverse from strong support zone, Can be bought around CMP with S?L below 1060, targets 1190/1230/1290
Long Postion at Current LevelA Bullish Divergence and Double Bottom
can be observed on the chart of Muthoot Finance
currently, the stock is available at S1 price
of Fibonacci pivot, this level is very difficult
to break making it ideal for a long entry
with the target at 1189 (At Pivot)
Long Muthoot FinPrice action seems taking support, Long can be initiated at CMP with SL as 1064.
Disclaimer: Ideas For educational purpose.
SHORT ON MUTHOOTFINAs per technical analysis, we can see a H&S pattern there. so i am expecting a fall in future. we can confirm it once after the neck has broken..
MUTHOOTFIN, Head & Shoulder Pattern (CHART# 310)MUTHOOTFIN has formed Head & Shoulder pattern on 2Hr time frame.
Its is weak below 1115. Chart is self explanatory.
Thanks
Piyush Gupta
Muthoot Finance Trade Setup !TREND ANALYSIS & TRADE SETUP
TRIANGLE 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.
August Series Option can be traded.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
Short term - Muthoot Financemarked are levels for short term trading in muthoot finance. Buy on breakout (wide spread candles with volumes) of resistance 1 and RSI levels marked.
LONG MUTHOOTOur previous Analysis on Muthoot finance failed due to doji on candle 2 weeks back. Please follow current set up.
Muthoot after breaking out above 1180, never closed before that on weekly closing hence our sl is 1180/1175 weekly closing basis
Views are for educational purpose only
Keep a close eye on thisDo NOT go long. At this point, I don't recommend shorting this either. Let the pattern complete before taking a call
