MFSLMFSL Getting Trendline support . Already bullish pattern forming. Wait for confirmation . Price has potential to reach 1125 from here.
MFSL trade ideas
Double support in MaxSupport from both 50ema and Pivot in daily timeframe
Can play a reversal trade here
Do your own analysis - Don't follow anyone blindly 📌
Watchlist--add to watchlist
--BUY after breakout with good volume
--Trendline support
--near term target 1000+
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
#MFSL #NSE - BREAKOUT ALERTMFSL
Breaking out of a 12 week consolidation base.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
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 RESPEECTED!
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
Max Financial ( 973.65) gave breakout on 14 Aug2023 @ 872 for tMax Financial ( 973.65) gave breakout on 14 Aug2023 @ 872 for the TGT of 1095. It again came back to breakout point on 30oct and gave second chance to buy at 869. Eventually it moved up , our bias remain bullish for the TGT of 1025 & 1105 .
BREAKOUT BETIn daily timefram after a long rally price consolidate in price range 870 -970. Although it break upper level and sustain near High zone
1000 is minor resistance for rally ..
Anyhow if price go below 905 in near term it could again trade in range and Analysis may no meaningful.
This Analysis suitable for positional trading only ..and holding period atleast 4-5 month.
MFSL COMING OUT FROM RANGEMFSL coming out from a range box
with good volume
trading above 20 ema
educational idea only
Max FinancialNice consolidation tried breaking out now close becomes close or second half should sustain above that level for long
Breakout Attempt in progress📌#Breakout Attempt in progress
MFSL
+ A tight Squeeze at the resistance
+ Volume spike in Smaller TF
+ Trading above Key EMAs
Breakout after 3 months consolidation.Expecting 8-10% rally from Breakout point. Can see volume increasing, it will be great catch in November month
MFSL Formed pole & flag pattern.
Industry and Business: Max Financial Services operates in the life insurance industry, providing various life insurance products and services.
Trading at 936,nearest Resistance is 966,keep SL at 856.
Target
1249
1419
1592
1757
risky buytargeting rate 910-912
buy entry triggered based on my ichimoku study
bit of risky trade
disclaimer = trade @ own risk
Positional or Longterm Opportunity in MFSLGo Long above 642.8 for Targets of 686.5, 730.2, 773.9, and 817.6 with SL 599.1
Reasons to go Long:
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the all-time swing low (point A) to the all-time swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. Lastly our final target is just below the resistance zone (marked with red color).
MFSL Simple Price Action Analysis NSE:MFSL
Company Overview
Max Financial Services Ltd. operates as a holding company. The firm engages in the provision of advisory services. It operates through the following segments: Business Investments and Life Insurance. The Business Investments segment deals with treasury investments. The Life Insurance segment offers private life insurance products and services. The company was founded by Analjit Singh on February 24, 1988, and is headquartered in Noida, India.
Technical analysis
1. Flag Breakout + Horizontal Resistance Breakout
2. Forming 2nd Swing High Which Has a Higher Probability Of Trend continuation.
3. Price is trading above 200 Ema
4. Entry Logic
5. Target forecasting.
hope you found this helpful.
Please comment your views.
Keep Learning,
Happy Trading!
MFSL
Prices eroded 48% from its all time high of 1148.
Price has bounced from 61.8% FR level support and Monthly RSI is also resting on its Oversold levels.
Past price behavior suggests that a move to 940 (61.8% FR level resistance) is likely.
Bullish outlook remains valid as long as price sustains 600.
MFSL - sellsell near 960
tg1 - 940
tg2 - 925
tg3 - 900
sl - yours
Disclaimer : This is my personal analysis for study purpose not intended for trading.
MFSL - Perfect bullish chart patternWe are looking weekly chart at this moment. MFSL is looking promising for the upside at the current level. First, the Stock has given the breakout of the long bearish trend line, and after it has given the break-out of the resistance zone. The chart structure is good, keep an eye on it.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
MFSL @ 872 TGT above 1020 After a considerable consolidation stock has again started moving north.
Keep learning and stay invested.
Max Financial Services Bullish Set UpAmazing opportunity to be part of this stock journey
Small stop loss set up
Amazing Volumes looks promising in this market
Stop loss of 750
Multiple Targets with quick gains
Target 1: 940
Target 2: 1040
Target 3: 1100
MFSL- Wait for the tops to be broken for Long.
MFSL has broken out of the clutches of black line and but made triple top marked with "Red Diamonds at 882. it closed in positive territory, at the close of last working day at 842 lowest of the three red lines market. However, didn't breach middle and Upper most red line Marked with RED Diamonds. Don't long unless these tops are broken at 855.5 and 882.55. Let it bounce back from green trend line and then only expect higher moves.
Please check Author's previous analysis on MFSL which is being attached.
Entry only above 860This might become a probable winner provided it can sustain above 860 price level firmly. Above resistance levels are marked in blue, while stoploss can be considered as the redline.
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"There are only two primary ways we make money trading;
catching a big price move with a small position or having a large position and catching a small move."
- Bill Meehan
