MFSL trade ideas
MFSL -Flag Pole Breakout PossibilityMFSL:
Flag Pole Breakout Possibility
Long above 699 with a SL 687
#MSFL (Max Financial Services) - breakout on monthly and weekly #MSFL (Max Financial Services) - breakout on monthly and weekly chart. Trading at ATH level after 3.5 years.
DAILY SWING CALL // Tuesday 29th of December 2020 // NSE: MFSLDAILY SWING CALL // Tuesday 29th of December 2020 // NSE:MFSL
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 695.50
TARGET: 800+ (15% Around)
STOP LOSS: 625 (10% Around)
DURATION: In 15-20 Trading Sessions Target should be achieved
FOR STANDARD NOTES / DISC: Please refer my earlier posts on Tradingview.com
INTRA-DAY LONG on MFSLMFSL is in prolonged up-trend. Stock has breached it's all time highs and will continue to rally up before taking a halt.
A general behavior of stocks trading at ATH is the continuation of trend rather than correcting.
Hence my bias is on the upside.
Chart speaks for itself. Buy above 688 for the targets of 700, 707,715 with SL at 683.
688 has acted as resistance recently and is an important level to track for initiating a buy.
NOTE: These are my personal views. Trade at your own risk.
Sell MFSLSell only if sustains below 672 on 15 mins time frame for the Targets of 666, 648 and 636 until 698 is saved on the upside.
Happy Trading!
InvestPro India Team
Ascending triangle in MFSL!MFSL is in an uptrend and if it gives a BO from the ascending triangle, one can go long above 657 and expect to see 675 levels to tested again.
MFSL - At Decisive LevelMFSL - If Sustains 635 can head higher
If not can see 570 again
Risk 15 RS Both sides
MFSL: ATH Level, 2yr+ trendline breakout! 🚀🚀🚀Trendlines and levels are marked. MFSL today formed a breakout pattern to achieve ATH Levels. Trendline was quite significant as it was tested 8 to 9 times in the past. CNXFinance already ATH . Can go long. CAndle is bullish and huge volume spike!
MFSL - LONG VIEW - INVERSE HEAD & SHOULDERMFSL - LONG VIEW - INVERSE HEAD & SHOULDER
Breakout above neck line can give a sharp upside movement till 700
DON'T MISS THIS VOLATILITY CONTRACTION.LOOK FOR RANGE BREAKOUT.#MFSL in a range from past 3 months.good range bounded volatility contraction having ascending triangle in hourly timeframe.price in daily timeframe above 20ema.Looks perfect to go for a long abv 635 with a clbs sl of 600 with a target of 685,762,800.
