MUTHOOTHFINDO YOUR OWN RESEARCH
It is likely to break the support level, and if it does so, 1st target will be 1410-1390 levels
MUTHOOTFIN trade ideas
Muthootfin : Sweet reversalLooks like the bottom has been made and is not preparing for the reversal
Note: This is for educational purpose only
#MUTHOOTFIN looks good for more upside.Support taken @200EMA which can be helpful for a strong Pullback.
#ATH is 1700++ and we have seen that MUTHOOTFIN is Fundamentally #STRONG thus it is Long #portfolio stock.
#keep_accumulating
#HODL
Happy Learning :))
Breakout after long consolidation !Stock after consolidating for almost 5 months between 1450 - 1600 levels, has given breakout today.
Longs can be considered at CMP or any retrace till 1620 levels, with SL 1500 on weekly CB for the target of 1920 - 1950 levels, with more than 1:2 RR.
Kindly do your analysis before initiating trade.
MUTHOOTFIN | Channel breakout and retesting - Looks good for 10%MUTHOOTFIN | Channel breakout and retesting - Looks good for 10%
CMP : 1639
SL : 1560
Target : 1800
1:2+ risk reward setup
MuthootFin Strong closing @ ATHMuthoot fin looks good for swing traders. SL level mentioned on chart.
MUTHOOT FINANCE : BREAKOUT PATTERNMuthoot finance given good breakout
TGT - 1800 & 1950
SL - 1600
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Muthoot Finance Ltd " upto 10 % gains "Hi Traders / Investors ,
This is a Swing Trade.
There can be a bullish momentum in Muthoot Finance Ltd because of following reasons :-
1) Consolidation from (5 months) with Low Volumes got Breakout with High Volumes and Large Green Candle.
2) Got another opportunity to enter because of Retest .
3) Prior resistance level got break and now acting as a support .
4) RSI indicator is above 60 which indicates strong upside momentum.
5) Retest retraced till 0.236 level which is a healthy retracement .
Giving a Risk to Reward of 1:2 , Entry : 1686
Stoploss : 1598
Target : 1855
Please don't make any decisions solely based on this analysis .
Give a thumbs up if you liked this analysis as it requires deep research.
Breakout given after 6 months consolidation ....1st Target 1800Breakout given after 6 months consolidation ....1st Target 1800 2nd Target 1850
MUTHOOTFIN1D Time frame
as per price action parallel channel breakout
Upper Bollinger band broke on a closing basis
RSI > 60
ADX Raising
MuthootFin to fly 10 percent soon price Break and retest from last 8 week consolidation , for trade quick 10 percent and for investors may be 30 percent from here is expected with sl of 1580 (closing)
Muthoot Finance-Breakout Pole & Flag/ChannelToday muthoot finance has given breakout in daily time frame & Weekly time frame.
It was forming flag & pole pattern since many weeks but today it has given big candle with great volume and broken 1585 resistance.
If you look in hourly time frame it is again forming flag & pole.
So it might consolidate/small downtrend for few days.
#Muthoot finance long opportunity#Muthoot finance long opportunity
Target 1797/1874, Add more on dip
Sl-1397
CMP:1659 @ 8 November 2021
Timeframe -3-6 months
Rectangle pattern breakoutRectangle pattern breakout seen. The breakout is given after a consolidation which further strengthens long position. A decent volume breakout confirms the same.
MUTHOOTFINmuthootfin follow trend and also given range breakout
we might see good upside in future
not any recommendation
thank you..!
Breakdown>Retest OR Gap- filling?Stock gave a breakdown near 1070 in last trading session and today moved till 1000 to fill the gap (1012 to 1037) that was created on 18th June.
After filling the gap, stock started to move upward.
Let's wait & watch how the stock behaves near breakdown level.
Good Buy Muthoot FinanceBuy Muthoot Finance at/near cmp 1519
tgts 1555/1590/1640
SL @ own risk
Cash Positional
