Daily bullish Flag Breakout A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:MFSL
MACD already gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
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Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
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📊 MFSl - Max Financial Services Swing Trade Opportunity 🎯NSE:MFSL
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
📊 Max Financial Services 🎯 MFSLNSE:MFSL
As I always say that Harmonic Trading strategy is all about reversal trading. if you know how to trade on reversal then only you can and you should trade on Harmonic patterns.
as one can see that there are two Harmonic patterns on this MFSL chart it shows that This reversal zone might be more strong then usual one.
As per this harmonic pattern chart
First Pattern PRZ:- 1097
Second Pattern PRZ:- 1087.05
and here we should follow second pattern stop loss as it's smaller then first pattern although as per this second pattern also stop loss is quite big so take short trade only on reversal only.
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******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
MAX FINANCIAL- dark cloud with silver lining..THIS IS NOT A TIME DEPENDANT ANALYSIS..
1.Forming bullish Cypher
2.Present support at weeklyS2
3.MA cross 50/200 olhc4 bearish
4. 4year yellow trendline broken
5.Reversal is expected to occur at the PRZ of the bullish cypher as marked
6. the reversal tragets are 0.382DC an 0.618DC of the bullish cypher
Disclaimer... this is not an investing/trading advice, do your own analysis before decision making...