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Price and trend forecast of MUTHOOTCAP for Tomorrow, Weekly, Monthly

Muthoot Capital Services Limited

Symbol: NSE:MUTHOOTCAP

ISIN: INE296G01013

306.05

As on 2024-07-12

262.00 (52W Low) 460.00 (52W High)

MUTHOOTCAP's Today's Performance

Muthoot Capital Services Limited started the day by opening at 310.20 today 2024-07-12. Its shares reached a high of 311.90 and dipped to a low of 303.30 in intraday. When the markets closed, MUTHOOTCAP’s stock price settled at ₹306.05 per share. Also check out its key support and resistance levels.

MUTHOOTCAP Buy/Sell Targets

Tomorrow, sell MUTHOOTCAP when its price reaches ₹ 306.05 with a stop-loss order at ₹ 310.87. You can set the target price as ₹ 301.23 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 1 311
Tomorrow Down Target 2 316
Tomorrow Down Target 3 319

Important Levels for MUTHOOTCAP

Holding Levels Value in ₹
Tomorrow Up Target 1 302
Tomorrow Up Target 2 298
Tomorrow Up Target 3 294
Based on where the stock opens tomorrow, if MUTHOOTCAP opens on a positive note, our first target will be ₹311. If Target 1 is achieved, we will aim for Target 2 which is ₹316.

But if MUTHOOTCAP falls below the average value of ₹307.08, you can enter a sell side position with target number 1 - ₹302 and second target - ₹298 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 Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for MUTHOOTCAP is moderate bearish.

Tomorrow's Volume based share price Forecast for MUTHOOTCAP

MUTHOOTCAP's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -34%.

Reversal detection for MUTHOOTCAP

Predicted trend chart of MUTHOOTCAP tomorrow for price forecast
MUTHOOTCAP may trend may continue to be bearish since stock is making lower low and we can get target of ₹310 in morning tomorrow
Target 1 tomorrow310
Target 2 tomorrow312
Target 3 tomorrow316
 

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 ₹310.87. If Target 1 is achieved, we will aim for Target 2 which is ₹315.68.

But if MUTHOOTCAP falls below the average value of ₹307.08, you can enter a sell side position with target number 1 - ₹302.27 and second target - ₹298.48

MUTHOOTCAP's Weekly Targets
1st Up Target 315.13
2nd Up Target 324.22
1st Down Target 299.88
2nd Down Target 293.72

As the week for MUTHOOTCAP ended on bearish sentiments, we can expect further continuation of this sentiment. MUTHOOTCAP's initial target will be 315.13 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 299.88 in the upcoming week.

Weekly OHLC Values
Open 315.05
High 318.05
Low 302.80
Close 306.05

Week for MUTHOOTCAP started with an open price of 315.05, and the close was at 306.05. MUTHOOTCAP reached the highest of 318.05 and dipped lowest up to 302.80 last week. This indicates a bearish sentiment for the week.

MUTHOOTCAP full month swing targets
Monthly Up Target 1 330.38
Monthly Up Target 2 339.47
Monthly Down Target 1 284.63
Monthly Down Target 2 263.22

Targets of ₹330.38 can be expected to be reached in the coming month. Once MUTHOOTCAP achieved this target, we can aim for the next upside target of ₹339.47.

MUTHOOTCAP if fails to hold upside, down targets of ₹284.63 and ₹263.22 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.

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Summary

MUTHOOTCAP is expected to reach the target of 310.87 in tomorrow's trading session.

After achieving the initial target in MUTHOOTCAP, we will aim for higher targets of 315.68 tomorrow.

However, if MUTHOOTCAP starts to trade below ₹307.08, then we will shift our focus to the sell side and aim for down targets of 302.27 and 298.48.