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+
Hello and welcome to this analysis on MUTHOOT FINANCE cmp 1130 After peaking out in NOV 2021 it gave a Head & Shoulder breakdown in JAN 2022 which lead to a Bearish Alt ABCD 1.6x breakdown. Now after completing its Bearish Alt ABCD it has reversed with a Bullish Harmonic Alt Shark with a Long Legged Doji candle and a Positive RSI Divergence. It could bounce...
NBFC Muthoot Finance has lowered its guidance for the current fiscal year to 10-12% from 15% with active loan base shrinking in the third quarter. In Q3 of FY22, the number of loan accounts shrunk by 3% quarter on quarter (QoQ) while the number of active customers declined by 2% QoQ. Some customers have more than one loan account. New customer acquisition during...
Muthoot Finance has been hammered recently, which caused to retest the earlier breakout zone ( Box). It also bounced off the key 200 DMA line. Trend is bearish right now and stock is getting into oversold zone. Long term investors can start accumulating at these levels. This stock will bounce off with the Gold levels getting bounced.
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
MUTHOOTFIN Looking Bullish Above 1520 Target will be 1550-1580-1610 With SL Of 1480
The stock has broken out with good volumes and retested therefore it may undergo a reversal rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby. Risk Reward Ratio - 1.25:1 SL is placed below multiple support zones, 200 EMA & the previously upper trendline. The target is placed near all time high.
This stock has given clear triangle pattern breakout and it is coming to retest the support zone ... so we can look for bullish reversals on the lower time frame to go long on this stock refer chart for details
POSITIONAL INVESTMENT VIEW ON #MUTHOOTFIN CMP 1567 MUTHOOTFIN LOOKING GOOD CMP 1535 ADD MORE ON DEEP 1515 STOP LOSS 1495 ON CLBS TARGET - 1600 1650 1700 1750 1800 ++
POSITIONAL INVESTMENT VIEW IN #MUTHOOTFIN MUTHOOTFIN LOOKING VERY STRONG CMP 1170 KEEP ADDING TILL 1140 STOP LOSS - 1120 CLBS TARGET - 1200 1220 1240 1260 +++
Flag pole classic breakout pattern in making, Watch-out above 1565, rally will be fierce
The above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. For understanding how to trade a Bullish Pennant Structure, refer to the ideas linked below. The above analysis is purely for educational purpose. Traders must do their own...
MuthootFin - Long above resitance - Chart is self explanatory
Daily RSI is above 60 and Monthly RSI is taking support at 60. Volumes seem healthy on bullish days. Finance stocks in general are a little slow today, but the potential exists. An ideal entry might have been when the price first closed above the 50MA on the Weekly chart. NSE:MUTHOOTFIN
(Weekly) - Flag & Pole pattern breakout
Sl-1200 #CLEANANDCLEARCHARTS Have been in consolidation from some months on the top. Volumes are beautiful. A triangle pattern breakout is expected. Comment for queries and feedbacks.
i see good potential in muthoot after long time . range it was trading 1343-1060 since long time but this time it is spending more time near higher range . its for delivery . if sl hits at 1240 than buy above 1342