MUTHOOT FINANCE LIMITED CMP: ₹2,947 🔴 SELL
Entry Zone: ₹2,940–₹2,955
Targets:
🎯 Target 1: ₹2,900
🎯 Target 2: ₹2,860
🎯 Target 3: ₹2,810
Stop Loss: ₹2,985 (daily closing basis)
Trend: Bearish
Probability: 71%
Potential Upside (Short Position): ~4.6%
Risk-Reward Ratio: 1:2.3
Key Resistance: ₹2,975–₹2,985 Key Support: ₹2,900, ₹2,860, ₹2,810
Timeframe: 1–3 Days
Trade View The stock is trading below a key resistance zone and the short-term price action favors the bears. As long as ₹2,985 is not breached on a closing basis, the stock may decline towards ₹2,900, followed by ₹2,860 and ₹2,810. A close above the stop-loss level would invalidate the bearish setup.
Disclaimer: This analysis is based on technical price action and key support/resistance levels for educational purposes only. Markets involve risk—always use disciplined position sizing and risk management.
SHREEJI FINANCE & INVESTMENT
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