AFTER THE CORRECTION AND PROPER CONSOLDATION,GIVEN A PROPER RANGE BREAK OUT WAIT FOR THE NEXT DAY CANDLE TO CONFIRM IT 1ST TGT 1300 AND IT WILL CONTINUE ITS RALLEY
About to break cloud on the upside followed by TK crossover with huge volume Short Term Cash Buy MUTHOOTFIN @1107.00-1111 SL 1074 TGT 1175
Muthoot finance is the World's largest Gold Financing company. Pattern expectation- Very likely it may form a cup unless there is a deep market correction in case of which I will update this analysis. The price broke out of a flag pattern this week. So the first target expected in this script is 1281 which is about 11.7% returns from the CMP of 1146. We could...
After making all time high it has consolidated well at 1080-1120. Seeing the business model and news on splitting chances are it will make new high. Go long. My target is 1150, 1180, 1280. Charts: Cup and handle formation on 2 hourly.
NSE:MUTHOOTFIN about to give bull flag breakout.
CMP - 1146.35 Stock market is more about ur thought process and the other traders thought process. psychology is more imp than any other thing .. then you win .#Shrikrishna now is a low risk entry you can leave after price hits the other end of the pattern.
Muthoot financeis very good for intraday trading. This trade idea details are given in tellegrraam cchaannell UG MARKET.
It has been making LH LL and can be a short with sl of 1123 for a target of 1100 & 1082
MY tgt BUY ABOVE-1140 TGT-1147/1159/1168/1179/1186/1199 SELL BELOW-1122.25 TGT-1114/1106.90/1199/1099/1090/1080 Please do ur own analysis before trade. This is only for education purpose.
Muthoot Finance Broke Previous All time high recently and have managed to Pump 30% more in just few days. This move was Quick and with Huge volume. Because it was quick, its hard to believe that the move will sustain for more upside. On breakout, it left a gap at 1000-1036. Stock is over all bullish but the probability of filling this gap before resuming up...
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)
Keep a watch, it has rallied a lot find meet gravity. But again caution to be exercised as results have been too good.
Stay in the long side only till its above 954, below that easy 935
MUTHOOT FINANCE GETS REJECTED AT THE DAILY PREVIOUS STRUCTURE RESISTANCE, ON H-4 TIME FRAME, WHICH SUGGESTS THAT STOCK MIGHT GET PULL BACK FROM CURRENT LEVEL OF INR 940 TOWARDS INR 890 OR BELOW UP TO INR 780. BEARISH RSI DIVERGENCE ADDS CONFIRMATION TO OUR BEARISH BIAS ON STOCK. ON THE OTHER SIDE IT MIGHT GO TO INR 1000 MARK IF IT BREAKS TODAY'S HIGH OF INR 967.
Ready for Bull run, break out above 955, target 1000
view gets negated above 955 levels,, else fall of 10-15 -20 %