MUTHOOTFIN trade ideas
Entry@ 580-600Muthoot Finance - Entry @ 580-600
3 yr average sales growth - 12%
3 yr average profit growth - 39%
3 yr average margin growth - 19 %
Accelerating sales, profit, and margins. Such a combination is lethal and if we have a bull market to support such conditions, this stock may go much higher from here.
MuthootFinance? Sell?Please observe the priceaction at such crucial levels.
do not jump in directly, must anticipate appropriate reversal signals to go in.
Muthoot Finance Kerala Flood EffectCalamity-stricken residents of Kerala could end up pledging, or selling, their gold ornaments to re-build their homes or meet exigencies arising from the worst floods in a hundred years. Muthoot Finance and Manappuram Finance, whose core business is lending against gold, and local jewelers from the state could see a rush of customers in the coming weeks.
Traditionally, Keralites splurge on gold jewelLery this time of the year, coinciding with the wedding season and Onam. Trade sources estimate countrywide jewelLery demand at 594 tonnes. Of this, Kerala alone accounted for almost 18%. Further, 60% of this demand i.e. 10.8% occurred in can be muted this September and December quarters.
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This above lines are copied from ET Now or some newspaper. But the point is - Muthoot Finance is a fundamental screaming buy for this quarter.
Technically, it is going up in a swing channel and in the lower channel with a confirmed green candle.
[Turtle] Muthoot Finance Retracement BetIt broke out and it went up 13% this month. Expecting a slight retracement to monetize before it moves up again.
Short Muthoot Finance 620 CE at 6.7
MUTHOOTFIN Short TradeShort if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Muthoot finance - Weekly Analysis Channel top + Bearish ButterMuthoot finance - Weekly Analysis
Channel top + Bearish Butterfly
CMP 609.4
Target 580-560-530-500-475+
Can buy March 600 PE CMP 14.5 SL 8.5
Target - 18-20-22-24-30-35-40+
Less funds Traders can try 580 PE CMP 8 SL 4 Target 10-12-15- 18+
[Intraday] Inside bar + Weekend lvl 6 MUTHOOTFINHas been rising the past 6 days, with the second red candle today
Short only if it breaks the low of the previous day with a stop loss at the previous day's high
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH 603.2
PDL 590.05
Muthoot Finance - GraveStone Doji At Channel Resistance.Moving In Upward Channel.
At Channel Resisance.
GraveStone Doji Candlestick Formed At Resistance.
Risk Reward Favourable.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
ASCENDING TRIANGLE BREAKOUT IN MUTHOOT FIN MAR (FUT)ASCENDING TRIANGLE BREAKOUT IN MUTHOOT FIN
WAIT FOR A PULLBACK
MARCH FUT
BUY@555
STOP@544
TARGET@590
LOT:1500
QTY:1
MUTHOOT IB LONG trade on PDHMUTHOOT IB LONG trade on PDH, higher swing low formed as well, should retest previous swing high
