Muthoot Finance Long Trade on 15m Time Frame: Trade in ProgressA long entry was initiated at 1927.05 on the 9th of October at 10:15 am. The price is nearing Target 1 (1963.50) and remains on track for further movement towards the upper targets. We have now set a trailing stop at 1928.50 to lock in gains and manage risk.
Target Points:
TP 1: 1963.50 (close to being hit)
TP 2: 2022.50
TP 3: 2081.50
TP 4: 2117.95
Trailing Stop: 1928.50
Stop Loss (SL): 1897.55
We'll keep a close eye on this position as it progresses towards the remaining targets.
Muthoot
Muthoot Finance Ltd - Looking bullishTHE 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
MUTHOOT FINANCE, BULLISHafter 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 level. markets have corrected enough, and nifty gave its bull run only when it got corrected fully, so there is no reason of crash.
further going on, Muthoot finance is at its least point, and cannot fall further down. invest for long term, and even best for swing trades.
R-0232 BUY MUTHOOT FIN DEC FUT @1225 TGT 1280-1320 SL 1140 ➢ 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 between 1209-1225 and average at 1165, for the upside targets of 1282 and 1330,
keeping a stop-loss at 1140
Muthoot Capital - Place in Watchlist (BUY ONLY IF BREAKS OUT 113Technicals:
1) Above 50/150/200 ema
2) Upward sloping ema
3) Relative strength with respect to small cap index above 100.
Fundamentals:
Quarterly Sales yoy : 24%, 35%, 50%,49%
Operating profit yoy : 16%, 19%, 54%, 51%
Net profit yoy : 36%, 29%, 143%, 94%
Annual EPS FY2017 : 38%
Free float : 5.6 million shares
Trade plan:
Current status - Consolidation phase
Volatility contraction witnessed
Watchlist candidate.
Buy trigger if price breaksout of consolidation phase.
Possibly at 1135.
Stop 1.5 ATR / Low of low volatility base.
The Uber and facebook of India the best business model 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: Bounceback from support Zone, Trendline Breakout,
OBV breakout and MACD crossover attempt
Levels
CMP 391
SL 340
Target 500
Time Frame 3 months
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