Volumeanalysis
MFSL the MFSL share price is trading at 703.2, which is higher than the price on June 20, 2023. The price has also been moving up in the past few days, and it is currently trading above the 50-day moving average.
The technical analysis that I provided earlier was based on the price data from June 20-22, 2023. Since then, the price has moved up, and the trend is now bullish. The price is still forming a double top pattern, but it is possible that the bears will lose momentum and the price will start to move higher.
Here are some of the factors that could influence the price of MFSL in the near term:
The overall market sentiment
The performance of the company's earnings
Any news or announcements from the company
Any changes in the political or economic environment
It is important to note that technical analysis is not a perfect science, and it is not always accurate. The price of MFSL could continue to fall, even if the technical analysis suggests that the trend is bullish.
BTC Back to $10k?? The BTC is trading the 6month in Bullish Fair Value Gap, thats why it is bullish right now.
But if it the 6month Candle Stick Fails to Close above the 6month Fair Value Gap, then we can see the Bear Market for 2024, 10more days to go to form a new 6month Candle.
Also there is a Volume Imbalance, which market has to Balance before going up.
Higher Volume Imbalance Act as Magnet in the Market.
NOTE -
Big Panic Sell might happen in BTC.
Be-careful while Investing Longterm in BTC, Market maker are taking Liquidity to Short and play Against to your Long Position.
DON'T FALL IN THERES TRAP.
SMALL SL BIG GAINSStrong rs.
Multiple touchpoints.
Breakout with massive volume.
Very low risk setup.
Probably a SL of 6%.
Expected 1:2-1:3 minimum rest Trail.
Triangle Pattern breakout in CamlinFrom the past two years stock has been forming triangle pattern, finally it has given breakout from this pattern with good volume. From the current price level price may correct a bit as we can expect profit booking at this level. If price closes above 181, we can expect a bullish momentum in the stock.
All the possible targets are mentioned on the chart. Stop-loss can be maintained as 150/121 depending on your risk appetite.
This is just a view, not a trade recommendation. Do your own analysis before making any investment decision.
Do like, share and comment your view on the chart.
NSE:CAMLINFINE
Institutional Buying Zone Looking at past data, it is visible that: whenever, reliance comes to this zone and breaks out, it rallies, candle after candle, and has given 18% and 30%
returns in almost 1 month. Reliance is at the same zone and at the bottom of market structure, it has formed 2 more bullish confirmations.
1. liquidity grab- Reliance broke the support zone and trapped short sellers and used that liquidity to burst out
2. Multiple Bearish Anomalies- As reliance approached the zone, it has a type of stopping volume, like a person slamming the brakes, red candles came with high volume but with very little downward price movement and started forming lower wicks.
Even a good time to buy for investments.
Target: 2754
Stop loss: 2180
Risk:Reward- 1:5
Keep It Simple