Muthoot finance has given descending trendline break-outMuthoot finance has given descending trendline break-out
MUTHOOTFIN trade ideas
Bullish rally in Muthootfin begin ?In present market, you can find many companies having good chart structures better than Muthootfin these can be JSW energy- strong upside momentum , Dr reddy - showing reversal sign from lower trend line. KPI green - breakout of downward channel or flag pattern, IRCTC good chart pattern ( festive season trains are full due to festival). but In the chart of Muthootfin there is a breakout from strong resistance area shown in the chart and downward channel and Finance Company generally do well in the festival season. So, i have strong believe that Muthoot Fin can do well in coming weeks.
you guys can check my previous ideas.
Note : View is for education purpose only not recommendation.
Trend Analysis - EMA 100 reached Muthoot Finance seems poised for some upside here after reaching Trend resistance in weekly along with EMA 100 which has been a strong support.
Details explained in the Chart as well.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendation.
TRIPLE BOTTOM MUTHOOTMuthoot finance giving signs of a trend reversal in it breaking long time downtrend line resistance and a small time frame downtrend resistance trendline too, it create a overall ok rounding bottom pattern which touched three times at almost same price on a up trendline so which we can say a triple bottom on daily chart yes it is looking little complicated but one you read carefully you will find the purpose of making this chart, it could give a breakout above 1150 and there will be a closing must above 1150. So traders and investors can watch a close above of 1150 on their specific time frame according to their own setup and mindsets.
Note- I am not a sebi registered and authorized to give buy or sell recommendations ask your financial advisor before execution of investments and trade
GOOD FOR PROFIT MAKING... Muthoot finance is just near the breakout as it is making a cup....let's wait for entry or retest for downfall and then take entry... It can give us good profit...
Given 10 Month Old Trendline BreakoutThe stock has given a 10-month-old trendline breakout and looks good above 1152 level for 4-5% positional upmove.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
Muthoot finance ready to performMuthoot finance seems rounding bottom in daily
concentrate impulse move breakout may happen
concentrate if price sustain above 1145 in daily
MUTHOOT FINANCEThis guy respecting trendline beautifully. Good moment in candles from support.everytime it gave morethen 100% from the trendline.
Hope history repeat.
MUTHOOT FINANACE - DOUBLE BOTTOMMuthoot finance made a double bottom at daily time frame and gave a Neckline breakout and retest with good volume. One can enter above the day high with stoploss of retest swing low for the target of 1:2.
Disclaimer :- only for Educational purpose. Do ur own analysis before investing.
MUTHOOTFINNSE:MUTHOOTFIN
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
#Muthootfin cash : Looks good around 1055#Muthootfin cash -Posiitonal
28.07.2022
Looks good around 1055
Stoploss 1024
Target 1130-1140/1200
Cmp 1064
WAIT FOR BREAKOUTWait for BreakOut than entry
Wait for BreakOut than entry
Wait for BreakOut than entry
MUTHOOTFIN - Triangle pattern, short below 980 levelTriangle pattern formation in MUTHOOTFIN, if price sustains below 980 level for 15 mins, then may can see 970, 960, 956 levels.
Muthoot Finance - Inside BarStock has formed an Inside Bar Pattern after a Strong Downtrend as shown in blue color. On Friday, the stock confirmed the breakout of Mother candle's High and formed a long bullish candle. There would be some profit booking in the stock early next week. Based on the Inside Bar Breakout, here are some resistances stock will see -
First Resistance is at 1102, second at 1153 and third at 1295. This might be a trend for next couple of weeks.
Muthooth financeStrong bullish formation at the support zone and this formation is with good volumes
MUTHOOTFIN appears a good buyStock printed a green bullish candle in weekly chart right at the confluence of 61.8%, channel parallel, 200 W MA and strong S&R........
Note: since overall market is bearish, do not expect big bullish moves immediately....
ACCUMULATION CHART FOR MUTHOOTH FINANCE Possible accumulations chart of muthooth finance try to enter according this in small quantities believing that i am getting a good company stock which is debt free too on a excellent price
For long position of MUTHOOT FIN LTD. This time is so good.here is road map of long position of muthoot fin ltd.Short stoploss and big target so I PUBLIC THIS CHART . I AM NOT SEBI REGISTERED
LOSS AND PROFIT AAPKA APNA HOGA
TARGET= TOP
RAJ.......
Muthoot finance building longTranche 1, 44 shares @ 1366
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price topped out in June 21 then in range till Jan 22, when the range broke downwards and price consolidated on 2021 imp resistance 1300, currently consolidating below 200 EMA daily, 50 Weekly
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI - Yes
2. At important support or resistance - horizontal - Yes - 2020 to 2021 range top 1300
3. At important confluence of EMAs + price + support - Yes - broken Weekly 50 and daily 200
3. How are the candlesticks behaving and what is the volume doing
Buying at 1300 levels
4. Is there any trend continuation in play?
Looks like a bounce from a major support
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No pullbacks or breakouts as of now
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rising Quarterly and Yearly... because of better sales... OPMs consisitent and high... also PE ratio to EPS is very very attractive since 2019
2. Are institutional investors/promotors increasing their stake - Stake consistent, slight in retail taken up by FIIs
MUTHOOTFIN | Consolidation near resistance + RSI - Potential 10%MUTHOOTFIN | Consolidation near resistance + RSI Breakout looks convincing for 10%
CMP : 1374
SL : 1330
Target : 1520
1:3+ risk reward setup
