MUTHOOTFIN - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.0

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

📊 Trend Overview

Current Trend: Bullish with signs of consolidation

Price is trading above both 50 DMA (₹2,537) and 200 DMA (₹2,245), confirming a strong uptrend.

Near its 52-week high (₹2,718), indicating bullish sentiment but also potential resistance.

📈 Momentum Indicators

RSI (50.1): Neutral zone, suggesting indecision. Not overbought or oversold.

MACD (32.0): Strongly positive, indicating bullish momentum.

Volume: Slightly above weekly average, showing healthy participation.

📉 Moving Averages & Chart Patterns

Golden Cross: 50 DMA > 200 DMA, reinforcing long-term bullishness.

Support Levels

₹2,537 (50 DMA, immediate support)

₹2,450 (minor support)

₹2,245 (200 DMA, long-term support)

Resistance Levels

₹2,650–₹2,718 (near-term resistance zone)

₹2,750+ (breakout territory)

📎 Bollinger Bands

Price is near the upper band, suggesting strength but also caution for short-term pullback.

Bands are moderately wide, indicating active volatility.

🔍 Short-Term Signals

Momentum: Positive, supported by MACD and volume.

Entry Zone: ₹2,530–₹2,560 (on pullback near support)

Exit Zone: ₹2,700–₹2,750 (near resistance or breakout confirmation)

🧭 Conclusion

Trend: Trending upward with mild consolidation.

Outlook: Bullish bias remains intact unless price dips below ₹2,537.

Strategy: Buy on dips near ₹2,550 with target around ₹2,750. Watch for breakout above ₹2,718 for further upside.

Want me to chart this visually or compare it with another gold loan NBFC like Manappuram?

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