MFSL Multi time frame AnalysisMulti-timeframe confluence analysis offers traders a robust edge through straightforward yet highly effective methodology.
Based on that MFSL is a strong Buy on dips stock based on powerful breakout of previous ATH and the current market structure.
Targets are derived from #Pattern #breakout and #Fibonacci levels.
Bullish Pennant in formation.
Disclaimer: Above analysis shared for educational purpose only.
Mfslview
MFSL - Looks ready to finally bounceStock has broken the trend line with excellent candle making a fresh demand zone area of 1070-80
It also contains a lower strong zone at 1020-30
Chart suggests to bounce from current levels
If happens it may try to reach near its first target area of 1190 - 1200
As market seems too volatile, take confirmation on lower time frame before opening a new positions, also trade with strict stop loss