MFSL
Downtrend Trendline Consolidated Between 580 to 600 Can give a breakout above 602 levels resistance 610-613.
Above 602 can give good move in Intraday.
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
MAX FINANCIAL SERVICES (MFSL) Trading SetupShould sustain above 565-75 and try to reach the next higher levels.
MFSL SHORT TERM DELIVERY TRADEMFSL :
TRDAE TAKEN BASED ON DAY SWING.
AND IDENTIFY THE LOWER TIME FRAME TREND REVERSAL HAPPEN AND ENTER THE TRADE/
ENTRY FOR BUY 595 TO 590.
STOP LOSS: WHEN DAILY CANDLE CLOSE BELOW THE RED LINE
28 AUGUST MFSL SHORT SELLDisclaimer: We Are Not SEBI Registered.
All Information on chart are for educational purpose.
SELL @ 600 TGT 591,580++
SL 608
MAX FINANCIALBuy MFSL above Rs. 500 for the Targets of Rs. 540 - 570.....
Stoploss Rs. 480 ....
....
Comment your views.....
...
Plz , Support the idea by clicking LIKE button.....
....
Thank you,
Vishwajeet Sharma
MFSL , Jackpot !!!!MFSL looks strong for the upmove but before any upmove , may give a dip as on daily charts spinning top spotted. and also on the fibbo its on the golden ratio of 61.8% .
MFSL - Short idea MFSL is taking resistance from higher levels and as we can see reversing from past 2 days with lower highs and lower lows .
Currently at trend line support of 450.
Incase if breaks this level and sustains, we can see further down trend in this and add to watch list.
Below 450 - > .. .we can see 440/430/420 levels
Add to watch list
Max Financial in a trading rangeNSE:MFSL is currently in a trading range.
One can trade for the upper/lower end of the ranges here.
MFSL Following All Fib Levels Targets MFSL is following Fib levels. OI futures has been created with short positions. Target 1 is 423 and Target 2 is 403.
MAX FINANCIAL Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
MAX FINANCIAL SERVICES Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
MAX FINANCIAL SERVICES Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
SHORT MFSLMFSL has broken the trendline which I mentioned. Sell on the rally. View negated above 460. Currently, RR not much in favour.
LONG MFSLMFSL is holding this trendline as support for the past few incidents around this line. Can be long opportunity!
