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Umang Bhutada

4th Feb · SEBI-Registered Analyst

MUTHOOTFIN
Important Levels: Major resistance: 3799 Immediate resistance: 3619 Strong support: 3535 Major demand: 3406 Business: Gold-loan NBFC leader with defensive lending model. Earnings: Operationally strong, but price currently reacting to overhead supply. Verdict: Rejection from 3799 led to sharp flush. Holding 3535 is crucial. Below this, slide toward 3406 possible. Strength only above 3619.

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