MFSL
MFSL: A STRONG CANDIDATE TO BUYI 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
MFSL - In a range for more than a week - #MarketMattersA 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 purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
MFSL is Making Descending Triangle Pattern (Breakout Trade)Max Financial Services Ltd ( NSE:MFSL ) is Making Descending Triangle Pattern . This can become a very good trade for intraday traders.
Target + Stop Loss: There is no target here. You keep the first target as much as the stoploss you put. And the stoploss will be the low/high of the candle that broke this pattern. Or low/high swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your stoploss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your stoploss above the last swing low/high.
Target and stoploss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, stoploss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma