Muthoot Finance – Technical Insight

Muthoot Finance – Technical Insight (For Educational Purpose Only | SEBI Reg. INH000019886) 🔹 Trend & Structure: The stock continues to follow a strong uptrend, consistently riding above the 20 EMA and respecting the Bollinger mid-band support. 🔹 Momentum & Price Action: A sharp breakout came with heavy volume, confirming bullish strength. Price is now trading near the upper Bollinger Band, indicating strong momentum but slightly overextended in the short term. Recent candles show steady higher lows, signalling continued buyer control. 🔹 Key Levels: Support: ₹3,680 / ₹3,570 Resistance: ₹3,900 – ₹4,020 (upper supply zone) 🔹 Overall View: Bias remains strongly bullish as long as price holds above the 20 EMA. Sustained strength above ₹3,900 can push the stock towards ₹4,050–₹4,150. ⚠️ Disclaimer: Educational analysis only. Not a buy/sell recommendation.