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Arpit Goel

1st Oct · SEBI-Registered Analyst

$MUTHOOTFIN Bull are Aggressive on Muthoothfin

$MUTHOOTFIN is in a strong uptrend, trading well above its key moving averages with the 13 EMA (₹3,022) acting as immediate dynamic support. After breaking out above the consolidation zone near ₹2,665, the stock has shown consistent higher highs and higher lows with rising volume, indicating strong momentum. The recent close at ₹3,144 signals fresh buying strength, with the next psychological resistance likely around ₹3,200–₹3,250. On the downside, ₹3,020 serves as immediate support followed by ₹2,665, which is a major breakout level. Overall, the price action suggests bullish continuation unless the stock falls below ₹2,950 decisively.

#TechnicalViews
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