MUTHOOT FINANCE LTD Analysis
FOR LEARNING PURPOSE
MUTHOOT FINANCE LTD - The current price of MUTHOOT FINANCE is 1773.15 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation base
2. Its making a new ATH and breaking the resistance of 2.5 years
3. It is showing better relative strength as it stood strong in volatile times
4. The risk and reward is favourable
5. This stock has underperformed in last 2.5 years (where many were making ATHs, this was not making) but now, its showing some signs that it can do good and now probably it can act as leader for next few weeks
6. The latest result has been good, which gives bonus numbers
I will buy it with minimum target of 35-40% and then will trail after that.
My SL is at 1571 rupees
I will be managing my risk.
MUTHOOT FINANCE LTD - The current price of MUTHOOT FINANCE is 1773.15 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation base
2. Its making a new ATH and breaking the resistance of 2.5 years
3. It is showing better relative strength as it stood strong in volatile times
4. The risk and reward is favourable
5. This stock has underperformed in last 2.5 years (where many were making ATHs, this was not making) but now, its showing some signs that it can do good and now probably it can act as leader for next few weeks
6. The latest result has been good, which gives bonus numbers
I will buy it with minimum target of 35-40% and then will trail after that.
My SL is at 1571 rupees
I will be managing my risk.
Trade With Bhushan
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