#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
MUTHOOTFIN trade ideas
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
Muthoot Finance - Breakout view- Ascending TriangleMuthoot Finance :
Ascending Triangle breakout view
Sustaining 1600 can lead to good upmove
Support at 1560
longTriangle pattern forming :keep track will complete it with in some days after that if breakout happens then a trade will initiate.......
MUTHOOT FINANCE - POSITIONALBUY MUTHOOT FINANCE
ENTRY AT CMP
SL & TARGETS MENTIONED ON CHART. SL TO BE ON CLOSING BASIS ONLY
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
MUTHOOTFINWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
box pattern - 5 month durationmoving in box pattern with 1450 as base and 1600 as resistance.
now moving in uprising parallel channel with momentum
entry - suitable entry after retest 1600
target - 1660 , 1685 ,1720
stop loss - 1520 - 1450
MUTHOOTFIN | One more attempt based on Trendline breakout - 15%MUTHOOTFIN | One more attempt based on Trendline breakout - 15%
CMP : 1550
SL : 1480
Target : 1770
1:4+ risk reward setup
BUY Muthootfin Above 1574.85 stop loss 1462.20 Buy Above said level.
IF trade in Options buy for month atlest.
Consolidation and bearish move expectedIn a consolidation zone , near supports but finance sector looks bearish so look for shorting opportunity if supports breached.
muthoot financemuthoot looks good taking support from 50 ema...and a multi day support...good chance to bounce back from these levels
Short Muthoot Finance - Possible down towards supportShort @1535 - 1540
Target - 1460
SL - 1572+ (Should be a closing price in day candle)
Muthooth financeGlobal commodity market negative to neutral
Gold price is consolidating
Muthooth finance:-
If breaks 50% retracement and retest on daily chart , stock can test 1500 levels.
