MUTHOOTFIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.5

Here’s a detailed technical analysis of Muthoot Finance Ltd (MUTHOOTFIN)

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with strong momentum

Bias: Positive, nearing resistance zone

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹2,724

200 DMA: ₹2,394

Current Price: ₹2,958

Price is well above both DMAs → confirms strong bullish trend

Rising slope on both averages → momentum is accelerating

🔹 RSI (Relative Strength Index)

RSI: 66.4

Bullish zone, approaching overbought territory

Indicates strong buying interest but caution near ₹3,000+

🔹 MACD (Moving Average Convergence Divergence)

MACD: 80.2

Strongly positive → confirms bullish momentum

Histogram widening → trend strength increasing

🔹 Bollinger Bands

Price near upper band → bullish breakout zone

Bands expanding → rising volatility

Could signal continuation if volume supports the move

🔹 Volume Trends

Current Volume: 3.00 lakh

1-Week Avg Volume: 2.81 lakh

Slightly above average → confirms active participation

Supports sustainability of breakout

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 2,900 Minor pullback zone

Support 2 2,724 50 DMA, strong base

Resistance 1 2,997 52-week high, immediate ceiling

Resistance 2 3,100 Projected breakout target

Resistance 3 3,250 Extended target zone if momentum sustains

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹2,900–₹2,930 (on pullback near support)

Exit Zone / Profit Booking: ₹3,100–₹3,250 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Strong bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: Slightly elevated, supporting trend continuation

🧭 Conclusion

MUTHOOTFIN is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, strong MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹2,900 with targets around ₹3,100–₹3,250, while watching RSI for signs of short-term exhaustion.

Let me know if you'd like to compare this setup with other NBFCs or set alerts for breakout confirmation.

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