Muthoot Finance | #VGM Setup Update
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Muthoot Finance | #VGM Setup UpdateOn our #VGM setup, Muthoot Finance has fulfilled all key selection criteria:
RS: Bullish
MAST: Bullish
P&F Structure: Last two column lows above EMA
Current Signal: Positive Column ReversalAllocation Strategy:
50% allocation triggered on PCR
Remaining 50% on Double Top Buy
οΈ Risk Management: Double Bottom Sell as exitOn price charts, the stock has already achieved its first conservative target near 3600. With trend structure intact, it is now opening higher P&F counts, projecting long-term potential towards 8000, subject to trend continuation.
Business SnapshotMuthoot Finance is Indiaβs largest gold-loan focused NBFC, with a strong presence across rural and semi-urban markets. Its core business is secured lending against gold, complemented by microfinance, housing finance, personal & business loans, insurance and wealth product distribution, making it a steady compounder backed by collateral strength.
Traders and long-term investors can keep the stock on their radar and act as per their own system and risk profile.Nishesh Jani,CFTe
#VGM #RelativeStrength #PointAndFigure #TrendFollowing #RiskManagement #NBFC #GoldLoans #StockMarketIndia #TradingSetup #InvestorMindset #nisheshjani #AhmedabadNest
