MFSL forming double top formation
if it takes support from the blue zone, you can try going long
else, if it breaks the trendline, you can go short
disclaimer: markets can be irrational since budget is near.So trade wisely
Hello Traders,
I personally expecting rejection candle at these levels(resistance area).
And there is a GOOD RISK REWARD IN THIS SCRIP.
I personally shorted near 695 price..
#MFSL #SwingTrade #PriceAction
#mfsl Given a Break out from Strong resistance and Entered previous strong resistance zone as shown on chart, which can play a good support now...
playing this with sl 619. Stay bullish unless crossed 619 closing basis.
NSE:MFSL 3-4 months of consolidation. Breaks out above 650 and closes up with decent volumes. Buy above 660 for 130-150 points. Exit if closes below 630.
I was initially skeptical about this share, but chart pattern convinced me. Its about to break a long trend line. If closes above this trendline then go wild. 660-670-680 are the short time target for this bull.
But if it fails to break and close above the upper trend line then wait for it to break the lower trend line and go short.
t@-pricetrader
A BIG BREAKOUT IS POSSIBLE SINCE THE STOCK HAS BEEN IN A RANGE FOR A WHILE NOW.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational...
