MFSL coming out of consolidation phase MFSL is breaking out of triangle pattern
Can go for swing long around CMP 1088 with SL @ 1057 daily closing basis
Target1 is 1115
Target2 is 1135
Do your own analysis before action
MFSL
MFSL Long opportunityNSE:MFSL
Hello all!
This one's a bit complex. Please bear with me!! I'll try my best to explain.
MFSL has been trading inside a channel since March 2020(Covid Crash). Based on the stock's movement, a new trendline apart from the channel trendlines has emerged. We can see that the stock has been taking support from this supporting trendline since August 2020.
Right now we can see that the stock is again at its supporting trendline and also in its support zone thus generating a confluence. A new trendline can be drawn from the top of the channel which depicts how the stock has been falling.
This is where I see a long opportunity. As soon as the stock gives a strong close by breaking the trendline, we can go long. There are two ways in which you can set your stop loss(SL):
1)We can keep an SL below the support zone 1. This leads to an excellent Reward to Risk ratio.
2)We can go long with 50% of our total quantity. If stock breaks support zone 1 and reaches support zone 2, we can average out by buying our remaining 50% at this level and keep an SL below this zone. This again leads to a good Reward Risk ratio but not as good as in case 1.
With Nifty booming, I believe the chances for this trade to fail are quite less!
Would love to hear your thoughts on this!!
HAPPY TRADING!!
*NOT A CALL*
SHORT MFSL @ 1125 targets 1080/1050MFSL is low risk shorting candidate at there is divergence in Open intrest buildup and price move. It may fall from 1120/1130 levels sharply.
mfsl longmfsl: daily chart fib 61.80% retracement with flag breakout retest watch for long above todays high with SL as todays low. tgt. 1055/1065/1100
📊 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.
Breakout in MFSL[positional]...But at CMP
Target 1070-1100
Weak below 830
RR 1:1
Please maintain SL closing basis
Risk 1-3% of your capital(so plan position sizing base on this)
MFSL BREKOUT occur Will Move like RocketIn Continuation of learning support and resistance on Chart.
Today take example of Chart of MFSL which can be seen as Beautiful example of learning support
and resistance
how breakout can be find out from the CHART
here tomorrow this stock seems to be moving after consolidating since long back.
mcpriceaction
MFSL BreakoutMFSL breakout after a nice accumulation near a resistance area. Looks good for a swing.
MFSL is a swing trade on long sideMFSL is a swing trade on the long side wit Target of 950 with SL of 850 (RR is 1:1)
Have indicated 4 prior instance where stock has bounced back from 50 DMA on daily chart. This is the 5th chance.
Simple but effective strategy. All the best.
Do you own analysis before investing.
MFSLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
MFSL - Intraday Set up 2The stock has come back to its 50 EMA. The structure is already provided for reference along with S&R LEVELS
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
MFSL - CMP: 931It has given Wedge Pattern breakout on the daily chart. All oscillators are in positive bios. We can expect the price target of the wedge pattern as 1050 in the near term.
MFSLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
MFSL Short for Intraday - 05/03/2021Looking for Bearish flag pattern break. Good opportunity to short MFSL NSE:MFSL
Short below 909
SL 917
Target 895
MFSL good possibility to tradeMFSL 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
