📌 Muthoot Finance – Fresh Breakout Above ₹3,000

has delivered a strong breakout above the ₹3,000 mark, supported by healthy volumes and consistent momentum. The stock is gaining strength as gold loan demand remains robust, aided by supportive gold prices and improving credit growth. 🔹 Technical View CMP ~₹3,048, up ~3.8% today. Clean breakout above ₹3,000 resistance with strong follow-up buying. RSI ~71 – momentum is strong, slightly into overbought zone. Support zones: ₹2,940 and ₹2,860. Resistance: ₹3,100–₹3,150. A close above ₹3,150 can extend the move toward ₹3,250–₹3,300. 🔹 Fundamental View Market leader in gold loans with a strong branch network. Rising gold prices improve collateral value, boosting lending potential. Healthy asset quality and consistent margins support steady earnings. Diversification into microfinance and housing finance adds to long-term growth levers. ⚖️ Conclusion: Muthoot Finance is showing a strong technical breakout backed by solid fundamentals. Short-term traders should track ₹3,100 as the next key hurdle, while investors can view dips toward ₹2,900–₹2,950 as accumulation zones for long-term exposure.