Stock is in consolidation phase a breakout in any direction will give lead to the next move.
Stock Name: Muthoot Finance
Sell below 626 SL 637 Target 620 614
Buy Above 637 SL 624 Target 655
Trend Moderately Bullish
OI Analysis: Long Unwinding
Point no.1 - Suppor t– Look at the downward sloping blue line is acting as a support. 3 times the price reverse price from this area indicates strong support.
Point no.2 - Resistanc e-Look at the downward sloping red line is acting as a resistance. Now the price is facing the resistance. Before that 2 times the price reverse from this area.
point no.3 - Channel...
Muthoot finance has moved from 370 levels to 650 and is now consolidating in a channel but accumulation seen in stock so we can expect some reversal if 640 is breached we may see MUTHOOTFIN hitting new highs.
MUTHOOTFIN
cmp 505
Target open
Long suggested ONLY above 525-530 zone.
DO NOT ENTER BELOW THIS AS STOCK MIGHT GO THROUGH ANOTHER CONSOLIDATION PROCESS AS WELL AFTER TOUCHING 525-530.
Stock currently is in the process of consolidation resulting in the formation of cup pattern.
A breakout above 525 indicates a possible fresh upmove.
Stop around 470-475
VWAP RSI is...
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:...
![MUTHOOTFIN: [Entropy] Muthoot Finance (Positional and Intraday) Sell Idea](https://s3.tradingview.com/a/APzWRi4Y_mid.png "[Entropy] Muthoot Finance (Positional and Intraday) Sell Idea")
