Price and trend forecast of MUTHOOTCAP for Tomorrow, Weekly, Monthly
Muthoot Capital Services Limited
Symbol: NSE:MUTHOOTCAP
ISIN: INE296G01013
363.45
As on 2024-12-06
MUTHOOTCAP's Today's Performance
Muthoot Capital Services Limited started the day by opening at 369.50 today 2024-12-06. Its shares reached a high of 372.20 and dipped to a low of 363.00 in intraday. When the markets closed, MUTHOOTCAP’s stock price settled at ₹363.45 per share. Also check out its key support and resistance levels.
MUTHOOTCAP Buy/Sell Targets
Tomorrow, sell MUTHOOTCAP when its price reaches ₹ 363.45 with a stop-loss order at ₹ 368.72. You can set the target price as ₹ 358.18 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of MUTHOOTCAP for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for MUTHOOTCAP
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 369 |
| Tomorrow Down Target 2 | 375 |
| Tomorrow Down Target 3 | 379 |
Important Levels for MUTHOOTCAP
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 360 |
| Tomorrow Up Target 2 | 357 |
| Tomorrow Up Target 3 | 351 |
Based on where the stock opens tomorrow, if MUTHOOTCAP opens on a positive note, our first target will be ₹369. If Target 1 is achieved, we will aim for Target 2 which is ₹375.
But if MUTHOOTCAP falls below the average value of ₹366.22, you can enter a sell side position with target number 1 - ₹360 and second target - ₹357 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of MUTHOOTCAP
Looking at MUTHOOTCAP, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, MUTHOOTCAP has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for MUTHOOTCAP is moderate bullish.
Tomorrow's Volume based share price Forecast for MUTHOOTCAP
MUTHOOTCAP's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -34%.
Reversal detection for MUTHOOTCAP
MUTHOOTCAP may trend may continue to be bearish since stock is making lower low and we can get target of ₹369 in morning tomorrow
| Target 1 tomorrow | 370 |
| Target 2 tomorrow | 372 |
| Target 3 tomorrow | 375 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with MUTHOOTCAP's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if MUTHOOTCAP opens on a positive note, our first target will be ₹369.43. If Target 1 is achieved, we will aim for Target 2 which is ₹375.42.
But if MUTHOOTCAP falls below the average value of ₹366.22, you can enter a sell side position with target number 1 - ₹360.23 and second target - ₹357.02
MUTHOOTCAP's Weekly Targets
| 1st Up Target | 374.63 |
| 2nd Up Target | 385.82 |
| 1st Down Target | 357.63 |
| 2nd Down Target | 351.82 |
As the week for MUTHOOTCAP ended on bearish sentiments, we can expect further continuation of this sentiment. MUTHOOTCAP's initial target will be 374.63 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 357.63 in the upcoming week.
Weekly OHLC Values
| Open | 367.05 |
| High | 380.00 |
| Low | 363.00 |
| Close | 363.45 |
Week for MUTHOOTCAP started with an open price of 367.05, and the close was at 363.45. MUTHOOTCAP reached the highest of 380.00 and dipped lowest up to 363.00 last week. This indicates a bearish sentiment for the week.
MUTHOOTCAP full month swing targets
| Monthly Up Target 1 | 391.63 |
| Monthly Up Target 2 | 402.82 |
| Monthly Down Target 1 | 340.63 |
| Monthly Down Target 2 | 317.82 |
Targets of ₹391.63 can be expected to be reached in the coming month. Once MUTHOOTCAP achieved this target, we can aim for the next upside target of ₹402.82.
MUTHOOTCAP if fails to hold upside, down targets of ₹340.63 and ₹317.82 can be achieved by end of this month.
For complete three weeks if MUTHOOTCAP is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as MUTHOOTCAP
| Symbol | Name | Industry |
|---|---|---|
| HDFCBANK | HDFC Bank Limited | Banks - Regional |
| ICICIBANK | ICICI Bank Limited | Banks - Regional |
| SBIN | State Bank of India | Banks - Regional |
| LICI | Life Insurance Corporation Of India | Insurance - Life |
| BAJFINANCE | Bajaj Finance Limited | Credit Services |
Summary
MUTHOOTCAP is expected to reach the target of 369.43 in tomorrow's trading session.
After achieving the initial target in MUTHOOTCAP, we will aim for higher targets of 375.42 tomorrow.
However, if MUTHOOTCAP starts to trade below ₹366.22, then we will shift our focus to the sell side and aim for down targets of 360.23 and 357.02.