MUTHOOTFIN has beautiful support/neck line at 950 level which if broken can result in down move.
Stock has formed inverted cup & handle pattern as well.
Entry below 950
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Idea posted is for educational purpose...
Muthooth Finance looking good on charts, taking weekly support on 200 DMA, good swing trading opportunity, possible trend reversal.
Only for information and education purpose. Please consult your adviser before investing.
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MUTHOOTFIN 15min timeframe analysis
it has been consolidation in a zone around 16 days so wait for the good bearish candle on 5 min timeframe to take entry !
NSE:MUTHOOTFIN
Intraday setup in Muthoot finance
For option levels are mentioned on charts.
trade with 11% stop loss
trade with decipline
keep learning happy trading
DM for more info.
Reasons
Good activation complex 3 weeks ago
Good retracement
Small stop loss
High buying volume
Good support at 1030
Gap down which will be filled in following week
Hey Guys,
MUTHOOT FINANCE LTD came to my Radar today when I see it fall like an apple from the tree.
Generally people say stay away from a falling knife but what if an apple is falling from a tree? so I started to analyze MUTHOOT FINANCE LTD.
The full analysis is before your eyes.
Wave count:
Primary 3rd has Finished and we are in Primary 4th.
It appears that...
MUTHOOTFIN Muthoot Finance Ltd Breakout stock ready to uptrend going to start in daily chart pattern. Already crossed W pattern in stock movement. If it open above 1210 it move upside 20%. Add MUTHOOTFIN for long-term gain. Thank you.
MUTHOOTFIN formed a flag pattern. wait for a breakout with High volume .
trade setup has a good risk/reward ratio of approximately 1:3
buy above 1500
target = 1890
stoploss = 1438
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...
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.
Muthoot 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...
