MFSL#MFSL - Beautiful price action on the chart. Touched the demand zone last week and bounced from it. Volume is also good.
MFSL trade ideas
Descending Channel pattern breakout in MFSLMAX FINANCIAL SERVICES LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Descending Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1080+.
✅Can Go Long in this Stock by placing a stop loss below 937-.
MFSL Approaching Resistance – Bullish Reversal Possible
Max Financial Services Ltd.
The stock is approaching a descending resistance line, which has been tested multiple times, indicating a possible breakout if crossed.
The RSI is at 44.54, suggesting neutral momentum with room for a bullish reversal.
The MACD is showing a bearish crossover, with the histogram in negative territory. However, watch for a potential reversal if the price moves higher.
Immediate support is around ₹870-₹900, which is also the level of the 100 EMA. Resistance is around ₹1050-₹1100, where the descending trendline lies.
Volume has been decreasing, indicating a lack of strong conviction in the recent downward move.
Watch for a breakout above ₹1050 with increased volume for a bullish reversal. If the stock holds above the support zone of ₹870-₹900, it might present a good buying opportunity with a potential target of ₹1100.
Max Finance This Week Target 1050
SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Breakout retested, can to long above 1000 with 900 as SLBreakout retested, can to long above 1000 with 940 as SL.
For education purpose only, not a sebi registered analyst.
Amazing breakout on Weekly / Daily Timeframe - MFSLCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
MFSL bullish; above 1073 ? - Tuesday 23-Apr.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
MSFL long at 1015Weekly 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
mfsl - buyBuy 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 FLAG BREAK OUTMfsl 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
MFSL - Bullish Consolidation with VolumesNSE: 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 capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Bullish signs for MFSLOn 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.
Daily bullish Flag Breakout 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.
HIT THE ROCKET BUTTON IF YOU LIKE TO BOOST THE IDEA.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
MFSL:DEMA GOLDEN CROSSOVERMFSL:10DEMA Golden cross over against 20/50/100DEMA in long term daily chart .suggests a possible move towards 1000-1025(for educational purpose only)
MFSLAfter a small retracement this script looks well set for a good move to the targets mentioned in green
MFSL is making quite low . Looks a bargain buy in terms of trendMFSL is making quite low . Looks a bargain buy in terms of trend.
Max Financial Services Ltd.( potential upside 20%)
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...
MFSLMFSL 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.
