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MFSL Simple Price Action Analysis NSE:MFSL Company Overview Max Financial Services Ltd. operates as a holding company. The firm engages in the provision of advisory services. It operates through the following segments: Business Investments and Life Insurance. The Business Investments segment deals with treasury investments. The Life Insurance segment offers private life insurance products and services. The company was founded by Analjit Singh on February 24, 1988, and is headquartered in Noida, India. Technical analysis 1. Flag Breakout + Horizontal Resistance Breakout 2. Forming 2nd Swing High Which Has a Higher Probability Of Trend continuation. 3. Price is trading above 200 Ema 4. Entry Logic 5. Target forecasting. hope you found this helpful. Please comment your views. Keep Learning, Happy Trading!
NSE:MFSLLong
by SANJAYPATIDAR_
4
KOTAKBANK is forming an Flag & Pole PatternKotak Bank is forming an Flag & Pole Pattern. Wait for breakout from 2000 level if safe investor (35%+ Gain). Risky investor can start to dive in from current level of 1730-1740 (55%+ Gain). #Current Price - 1730-1740 #Expected Target - 2700 #Stoploss - 1650 Pattern is forming on weekly chart. Disclaimer: This idea is only for education purpose, Please consult your financial advisor. I am not SEBI registered. Please give a Like if you like.
NSE:KOTAKBANKLong
by paras0408
LONG setup in BSE Bullish On-Neck Chart Pattern Breakout happened on the Daily Time frame of NSE:BSE Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on Daily closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish On-Neck Technical Indicator :- Positive MACD Crossover
NSE:BSELong
by raigvivek
3rd Oct ’23 - A double M pattern, Quadruple top - BankNiftyBankNifty Analysis For today I had a neutral stance instead of a bearish one - mainly because we made a double bottom pattern in the last session. But the opening 5mts candle simply negated that in one go. Still, Banknifty was staying relatively strong versus Nifty. Both of them did break the swing low - but BankNifty’s recovery was more convincing. Bulls should not take it as a good sign - because the fall and the recovery look like an inverted flag. Since it's on 5mts TF - it may not have that much significance yet. On the 1hr TF - the W pattern stands negated. We now have an M pattern. If the preceding peaks are considered with a bearish tint - we have a double M pattern or a quadruple top. The only relief for the bulls is that the index is not making a lower low. For tomorrow I wish to change my stance from neutral to bearish and hope that the 44068 gets taken out.
NSE:BANKNIFTYShort
by viswaram
3rd Oct ’23 -The opening 5mts candle has a story to tell - NiftyNifty Analysis Recap from yesterday: “My stance still remains bearish with the first downside target of 19446. The moment we break 19776 on the upside — I wish to exit the short stance and go long.” The first target of 19446 was not today even though we dropped 103pts in the opening 5mts. The low of today was 19479 breaking the recent swing low of 19492. Two surprising things happened today The strength of the opening candle - unbelievable and unexpected. The reluctance to fall after that - shows true ruggedness. Usually, strong candles like that play out when there is strong news/event flow. I dont remember reading anything in particular before the trading session. Secondly, the character of the market to remain calm after such an opening is again unbelievable. As I write this article SPX is down -1.47%, NDQ -1.7%. Remember most markets had a RED September - so comparatively we are still the top most performing market. My point is - if a global fall is getting underway, our markets will have more points to lose in absolute terms. The orange support and resistance lines remain the same, the bottom one is @ 19446, top one at 19776. We just completed an M pattern (double top) on the 1hr TF. For tomorrow I continue to remain bearish with the support getting broken in the opening 1hr. Ideally, we should retest the 19310 support if not break it.
NSE:NIFTYShort
by viswaram