Muthoot Finance recently hit a new 52‑week high near ₹3,830 and continues to trade above all key moving averages (20/50/100/200‑DMA around ₹3,600–3,650), confirming a strong primary uptrend. RSI(14) is hovering in the high‑60s with price riding the upper band of its moving averages, indicating strong bullish momentum but not yet an extreme blow‑off, so minor dips are being bought aggressively. The ₹3,600–3,650 zone (20‑DMA + prior consolidation) acts as strong support; as long as the stock holds above this band, traders can use intraday or positional dips toward ₹3,650–3,700 to build long positions, riding the trend for potential extensions beyond ₹3,800 with a tight stop just below ₹3,600.
Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Comments
One response to “BUY : MUTHOOTFIN30DEC253800CE( MUTHOOTFIN ) [136384]”
TARGET ACHIEVED