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.
MUTHOOTFIN
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
MUTHOOTFIN ON WEEKLY RESISTANCEMUTHOOTFIN has reached a crucial resistance level on the chart. The price has respected this highlighted zone, and we should watch closely for a valid reversal or breakout confirmation. Given that the previous run encountered significant selling pressure at this point, careful attention to price action on lower timeframes is necessary for confirmation. A breakout above the resistance will invalidate the bearish outlook.
MUTHOOTFIN--Support @1135??this stock is falling from several days...
it is likely give pullback to 1400-1440 levels to before fall to 1135 levels, which is a strong demand area.
If price breaks the 1440-1400 levels, by observing consolidation will expect a rise above head to test the resistance at 1600 levels.
keep in long side from these support levels.
MUTHOOTFIN : near weekly supportMUTHOOTFIN trading near weekly support. tomorrow close may decide what to do with this
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
MUTHOOT FINANCE AT CRUCIAL SUPPORT LEVEL !!Hello to everyone
Price trading near strong demand zone. If price respects the support level of... 950--945, than we can expect a good move in price towards the upside and if price breaks the support level than price will go down to fulfill their the downward targets.
#MUTHOOTFIN
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👉Important demand level
👉Make or Break Level
👉Support 950-45
👉Above 950 full reversal possible for 1000/1040+
👉Fresh breakdown below 945
Sneaking out from bottomHas been trading in a range of a 50 points 1000-1050 for more than a month and with stock closing above the 0.38 retracement level and touching 0.5 level. It can give a triangle BO above 0.5 level of 1083 which can go upto 1160-1200. However watch out for volume for confirmation.
MUTHOOTFIN
NSE:MUTHOOTFIN
One can wait for Retest or enter now , with SL below the Candle Low.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Buy Muthootfin @1055-80 TGT 1625/4800/9300 avg @ 950 Sl 790The stock had taken a meaningful correction as well as the Gold prices also on the verge of breakout. As per the chart stock is trying to break free from the clutches of 200 WEMA which will boost it towards the life time high and once the high breaks, it will be in open territory to go for the above mentioned targets.
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.
Muthoot FinanceHello 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 back to 1200 (initial target) to 1275 where it might retest the falling trend line.
The pattern would be considered invalid below 1070
Muthoot Finance LtdNBFC 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 the quarter stands at 4.2 lakh.
Muthoot FInance - Testing Key support levels 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.