MFSL Previous resistance becoming support go long above high of doji with sl low of doji Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Ignoring the market trend or say to hedge the long positions this short trade can be used with the SL 1040
#MFSL Good for longs now, stop loss 1000, expecting 1148 in short term
Shows Bullish at CMP, BUY at Given price in Chart Trade Setup WIT Initial Target 1:2 Final Traget:1100
MFSL breaks 1094 it can go up to 1148.05 in short term
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
NSE: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....
MFSL forms inverse H&S pattern it may test 1108 and 1130 in 01 week.
MFSL 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 chart analysis for intraday and swing trading
NSE: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...
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)
In 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 breakout after a nice accumulation near a resistance area. Looks good for a swing.
MFSL 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.