MFSL trade ideas
BUY : Good Risk to Reward Trade Channel retest!The stock has formed a parallel channel which got broken decisively now it is retesting it from above giving another opportunity to buy it. Stop Loss the low of today's bar target 625 offers good risk to reward trade.
MSFL Bearish Bat/Butterfly PatternMSFL Bearish Bat/Butterfly Pattern
Short below 589 with 607 SL
T1 - 575
T2 - 566
T3 - 555
T4 - 540
#MFSLIf
C < 562 with a strength candle causes another extended reversal
C < 536 with a strength candle cancels the marked BO
Next level 470
Max Financial : Breakout.Max Financial has been consolidating since June 2017.
Yesterday it saw a breakout with decent volumes.
Expansion in volatility can drive the stock higher.
Go long with a SL at 601 & look for targets of 643 / 673.
Rest, the chart is self explanatory.
At Resistance.Its @ make or break point, as price moved with volume.
Levels & other details mentioned in chart.
MFSL: Looks Good for hefty static ReturnAll plotted & mentioned on chart (Including Entry / TARGET / SL etc)
For future levels on Query.
More Updates on Market hours.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Have not follow time-line all the time, Sorry in Advance if view conflicts.
Special Note:
Yesterday Given View on: DIVISLAB, AMARAJABAT, KOTAKBANK, REPCOHOME, all Positions are in Green also achieved TARGET#1 &TARGET#2 ( Amarajabat).
BY MISTAKE: BANKNIFTY: FUT+ Spot, At a Glance for Trade Date "24th Aug 2017" mis-typed as "23rd Aug 2017".
MFSL - Symmetrical triangle break outMFSL has given breakout today, one can short for target of 560, 550 & 540. SL 600.
MFSL 8-7-2017 Intraday & Positional hi,
explained in the charts
Safe Intraday trader always set 4pts profit & loss
MFSL traded in Lower Band of BULLISH ChannelMFSL: @ 537.05
Traded in Lower Band of BULLISH Channel.
Hit a LOW @ 532.95, 0.886 Fib retracement.
LONG @ 520 - @ 529.6.
TGT: @ 549.6, @ 562, @ 578+
more plotted in Chart.
SL: 513- (by closing).
Max Financial Trying to create a New range..!!Max financial cmp 666; looks ripe for a fresh 52 week high . Target 730/750/775+ Stop 639. Breaking out also MACD shows positive sign
Market traps - Series 3 (Futures price and Bulk Deals)Hi All ,
Once upon a time :
Someone senior I know took position in Max Financial Services Futures around 570 . After the market closed there was announcement a bulk deal will happen next day at price of 510.
Can you imagine the trap ? Next day it opened around 515 around which bulk deal happened , The stock rose up till 530 that day and started coming down again , The senior person had put in stop loss when price came to 530 , Still he had to exit at loss of 40 Rs.
Can you believe How Market traps and what kind loss it can get you in ?
SEBI should have rules around the same that bulk deal can happen only in next series (i.e advance notice of 1 month and not 1 day).
Stay alert.
P.S : Please note the exact number might be 10-15 rs +/- , But the main theme is bulk deal pricing.
Bullish flag break out in MFSL long here for tgts 720 /740Bullish flag break out in MFSL long here for tgts 720 /740 with CBSL below 620 cash ...futures @ ur Risk
R Pradeep / trading view
