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
The stock seems bullish, and has given a breakout also.
Entry can be taken as instructed.
Note: These are my personal views, follow your own analysis while trading.
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...
Buy MFSL above Rs. 500 for the Targets of Rs. 540 - 570.....
Stoploss Rs. 480 ....
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Comment your views.....
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Plz , Support the idea by clicking LIKE button.....
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Thank you,
Vishwajeet Sharma
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
Sell Around 480 Range....Target marked on the chart...
Play based on nifty movement...
But when price reach at 480 it will give movement down side...
Do your own analysis...
