MUTHOOTFIN trade ideas
Muthoot Fin May go up if breaksMuthoot finance taking a great support at 15 minutes. If it break below good fall happen and it if gap up on Monday it may go upto 1345 easily. This decending triangle might be a reversal to this short downtrend.
Bearish Alt Shark - MuthootfinBearish Alt Shark - Muthootfin
The stock has formed an RSI Divergence on daily chart, backed with volume on the last session candle.
Descending Triangle Pattern repeats in Muthoot FinanceEarlier a descending triangle pattern was formed but failed to break downwards. Now again the same pattern seems to be forming taking the same support level of earlier descending triangle. Looks bearish in short future.
MUTHOOT FINANCE is respecting channel well so far.Disclaimer: The chart provided is only for educational purpose and not a trading recommendation.
MUTHOOT FINANCEMuthoot Finance looks to have completed the pullback after breaking out of the channel. The stock can be bought # CMP 1315 for target of 1350 with a stop of 1298
Watch out MUTHOOT FINANCEIf it holds 1290 levels today, we can enter Long position with next target of 1430 and with stop loss of around 1200.
This is as per my analysis.
Happy Trading.
Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.
strong buying opportunitie according to my studiessooner their will be the Q1 results of the muthoot finance and the trend is too upside with strong buyers
MuthootFinView 1
As per harmonics 0.886 levels it can reverse which is at 1260
Sell at 1255 - 1265
SL 1285
Target at 1240,1200
View 2
As per chart you can see it has given a BO from trendline also the highest OI on put side is 1100 PE.
You can sell 1100 PE and pocket 14 points which is sureshot with expiry in another 2 weeks.
Margin - 2.2L
Add 1340 CE to it and another 12 points and margin reduces to 2.8L
BEP comes at 1366 on upside and 1074 on lowerside.
We are betting on a range in this view.
View 3
Wait for some retracement if comes around 1140-1160 and can long with SL 1120
Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.
Muthoot Finance share on bullish mode.Clearly on all TFs muthoot fin share on very bullish mode. On daily chart Double bottom formation on the chart. Now long entry can be taken after the broken of neckline of the pattern above the level of 1210 till the target level of 1280 as marked on the chart. A minor hurdle can be seen @ level of 1235. So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Flexed Again ⤻Disclaimer - Participants shall use their Due Diligence.
Muthoot Finance reversed from good support aiming to hit back the top with targets of 1148, 1180-1200.
Ideas from viewers are most welcome.
FLAG AND POLE PATTERN Stock has formed a classical flag and pole pattern and has given a clear breakout supported with good volumes and strength in RSI.
A good upside rally could be seen in few upcoming sessions. Let's wait for some price action.
My view: Bullish for short term view.
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
MUTHOOTFIN DISTRIBUTION ZONEThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
MUTHOOT FINANCE LT - TRENDLINE SUPPORT TO THE DOWNTREND!!MUTHOOT FINANCE LT #MUTHOOTFIN
- HAS BEEN IN A DOWNTREND FROM 22ND JUNE
- NOW MOVING SIDEWAYS IN A CHANNEL
- TAKING STRONG SUPPORT FROM THE TRENDLINE AND 200EMA
INDICATORS:
RSI - NEAR 20-LEVEL: STRONG DOWNTREND
TT2 TREND TOOL: BEARISH IN 30MINS AND DAILY TF
CVD - NEGATIVE!
CONCLUSION:
1. IF THE PRICES BREAK THE TRENDLINE.
SELL BELOW 1073
TSL 100EMA
TGT 400EMA/1000
2. IF PRICES TAKE SUPPORT FROM THE TRENDLINE, WE MIGHT SEE A TEMPORARY PULLBACK TO 1167 LEVEL.
IF THE UPPER CHANNEL IS BROKEN, NEXT RESISTANCE IS 1234/1282.
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH VOLUME AND FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
Muthoot Finance It seems that around 1200 is a strong resistance where we can shot till waiting for the pull.
Muthoot finance buy above 1152 for Target 1165- 1180- 1190- 120Muthoot finance buy above 1152 for Target 1165- 1180- 1190- 1200 1212+
MUTHOOTFIN TIME FOR THE NEXT MOVEMUTHOOTFIN HAS ALREADY MADE 2 UNSUCCESSFUL ATTEMPTS TO CLOSE ABOVE 1200.A CLOSING BELOW THE SUPPORTING TRENDLINE RESISTANCE CAN TRIGGER A DESCENT CORRECTION HERE.
2.ANY TWO CLOSING ABOVE THE UPPER RESISTANCE LINE WILL HELP IN NEW HIGHS BEING CREATED IN NEAR FUTURE.
CONSIDERING THE VOLUME WITH WHICH BREAKOUT HAPPENED AND THE CONSOLIDATION NEAR 1070-1120 EXPECTING IT TO TEST THE RESISTANCE AGAIN.
[Inside Bar] MuthooT Finance LTPrice has been in consolidation after a big volume breakout. This Daily Inside bar can give breakout in both directions.
Buy above 1105.85 & Sell below 1074
Keep Initial Sl at opposite ranges and trail the profits if trade triggered.
Bullish Price actionGood to go long after nice bullish consolidation. Maintain SL.
Another way to trade this - Sell 1000 PE at 35.
