MUTHOOTFIN trade ideas
Muthout Buy side tradeb at 605 around sl 600 on closing basis of 15 min candle. tgt is 1:3 i.e 620-625-630.
Its for educational purpose.
MUTHOOTFIN1) Only for risky traders, the risk-reward ratio is not favorable
2) Conservative trader wait for a breakout of descending triangle
3) only trade setup I can see delv % increasing daily & gold rate are very hight in future gold finance giving companys benefited +Ve Sentiment
4) SL - low of candle Entry - High/Close of candle Exit resistance line
MUTHOOTFIN 4 HOUR VIEWMUTHOOTFIN SUPPORT LINE 592.50.THIS LINE BELOW FALL POSSIBLES PRICE 572....543 TOUCH.BUT THIS NOT CROSS POSSIBLES
PRICE 640...654. A BUY LEVEL POSSIBLE 600/595. AND DOUBLE BOTTOM 594-592 A BUY SIDE POSSIBLE.
MUTHOOT FIN - NEW LEVELS??MUTHOOT FINANCE IS TRADING WITH GOOD VOLUMES.
IT SHOULD BE ABLE TO REACH AND CROSS 655 LVL IN THE COMING DAYS.
MAINTAIN PROPER STOP LOSS.
Muthootfin, Intraday stock for 13/08/2019Stock is in uptrending channel, so I expect a volatile day for it.
trade it in 2 mins time frame using any tsl based afl
Short sell in FuturesOne can look for short selling on brake of the Previous 1 hour low and look to book near the take profit
MUTHOOTstock after consolidation giving a fresh break
on can look from cmp to 630
for target 659/679
as long as 621 is protected on down side
MUTHOOT FIN - READY TO GIVE BUY SIGNALMUTHOOT SHALL TRADE ABOVE 635 FOR GIVING A BUY SIGNAL IN DAY CHART.
NEXT TARGETS ARE 641 AND 655.
MAINTAIN A PROPER STOP LOSS.
1/3 RD OF TRADED VOLUME IS TAKEN AS DELIVERY IN THIS COUNTER.
Muthootfin Arrived at stationMade high of 628.70 .. as per chart today's high should not break... and should make hammer sign on daily candle today.
Its target mentioned in chart.. with SL small red line.. lets see.. where it go.
CLASSIC BEARISH DIVERGENCECmp 610. Can short at cmp 610 & till every high upto 627-630 with stop loss above 650 for positional targets 530/445
MUTHOOTFINAfter a consolidation phase, stock enters into a Supply Zone . I see a short opportunity here.
Can go short by entering at 607 with SL placed at 620 for targets towards 597/592
