Weekly VCP support from 50 ema
Daily breakout with strong RS
High volumes in last 2 days
Can be traded for 1067 tgt with SL closing below 975
Half qty can be trailed using ST 10.2 as positional trade
Buy from cmp to 972
sl close below 970
easy tg - 988
tg2 - 998
Not suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Mfsl took support at previous low in daily chart and it has formed a flag pattern and the breakout is done,so look for a buy in this task for short term target of 1105,this stock has potential to break all time high and if that happens out next targets are 1300 and the final target it 1480
NSE: MFSL is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed...
On the breakout of the pennant pattern in MFSL, Target is projected at 1049.50 and 1062.50 (spot prices).
Immediate resistance at 1005.90-1006 for any possible reversal in trend, making it an important level to watch while taking a buying entry.
A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:MFSL
MACD already gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
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Risk...
Sector: Finance - Others
On a monthly & weekly chart script shows a strong bullish trend. This is a stock that is around its 52-week highs and shows a robust trend.
now weekly chart shows accumulation in demand zone with RSI divergence...
MFSL Going in parallel channel pattern. 930 is good support here. If price break this trend line with positive momentum. then stock can go to 1020 for first target.
