THE TARGET
LTP on NSE on 16/Feb/2024 was INR 1362/- (with a high of INR 1378/- and a low of INR 1345/-)
Although it is a good buy at current levels.
Resultantly after all this discussion, I believe that the target price should be:
first INR 1650 and
second INR 1880.
Stop Loss should be INR 1180
Risk to Reward will be 1:3
The time horizon should be 12-15 months
after the nifty 50's bull run, markets are recovering, the stocks which went high by using this movement, now will not come down below that point(talking about last weeks of jun) unless until there is some sort of crash, with some reason, then it will surely go down(no doubts), but the thing to analysis is, why will there be crash at such a recovering point of...
Long term Uptrend Channel ( 45 degrees) since 2013.
Its taken a support at last month's low of Rs 975. momentum Indicators are all very oversold.
12 month target Rs 1750+
Charts is creating multiple formation on Daily & 4hr tf but most probably price will sustain and
we can see a upside of 7-10% in upcoming week. would not recommend to enter at current level wait for
price to retrace little bit for good risk:reward
➢ Stock Price has broken out on the daily chart where it closed at highest level since 09 Nov
➢ Short term trend of the stock is positive where it is trading above its 5- and 20-day EMA
➢ Oscillators like RSI and MFI showing strength in the stock.
➢ Considering the Derivative & Technical evidences discussed above, We recommend buying the Muthoot
Fin Dec future...
BTST MUTHOOTFIN CMP 1289 SL 1259 Target 1330-1350
TK line cross over + MACD cross over so we expect the bullish momentum to continue up to 1300 and then it breaks cloud so can reach 1350
the reason why, i'm posting this again, you can see the volume of today, it's enormous. price is at ATH. we can still make money in longside. i'm bullish. (personal view)
Your Gold, You keep with them they lend you loan if you fail to repay they will liquidate your gold. Gold price crashes they have already factored it and loan amount is never 70% of the value.
A very safe bet and zero chances of making loss due to bad debts, that is how jewelers have survived for generations.
A hidden gem with potential to become 5X
Indicators:...
