MFSL trade ideas
MFSL Long opportunityNSE:MFSL
Hello all!
This one's a bit complex. Please bear with me!! I'll try my best to explain.
MFSL has been trading inside a channel since March 2020(Covid Crash). Based on the stock's movement, a new trendline apart from the channel trendlines has emerged. We can see that the stock has been taking support from this supporting trendline since August 2020.
Right now we can see that the stock is again at its supporting trendline and also in its support zone thus generating a confluence. A new trendline can be drawn from the top of the channel which depicts how the stock has been falling.
This is where I see a long opportunity. As soon as the stock gives a strong close by breaking the trendline, we can go long. There are two ways in which you can set your stop loss(SL):
1)We can keep an SL below the support zone 1. This leads to an excellent Reward to Risk ratio.
2)We can go long with 50% of our total quantity. If stock breaks support zone 1 and reaches support zone 2, we can average out by buying our remaining 50% at this level and keep an SL below this zone. This again leads to a good Reward Risk ratio but not as good as in case 1.
With Nifty booming, I believe the chances for this trade to fail are quite less!
Would love to hear your thoughts on this!!
HAPPY TRADING!!
*NOT A CALL*
MFSLBuy above 1040 with the stop loss of 1035. Targets are 1045, 1050, 1055 and 1060.
Sell below 1030 with the stop loss of 1035. Targets are 1025, 1020, 1015 and 1010.
#MFSL next bullish harmonic#MFSL next bullish harmonic
Target -1160
SL -1042
CMP:1077.40 @17 August 2021
MFSL Cmp 1079 dated 12.8.2021MFSL Cmp 1079 dated 12.8.2021
Buy for a tgt of 1110-1140-1150 SL 1035
It is just a view, pls trade at your own risk.
buy MFSLwhenever MFSL came down, it has taken support of 200EMA in 1hr chart and have crossed previous swing high. one can accumulate between 1094-1088. we may see 1140-1155 in coming days. view negated below 1070
#MaxFinancialServices W breakout pattern#MaxFinancialServices W breakout pattern seen on daily with >average volume. Caution on momentum divergence.
momentum on shorter timeframe climbed into bullish zone along with that of long/medium term.
Even a 50FIB trend projection from last swing could be 2% from current price levels.
SHORT MFSL @ 1125 targets 1080/1050MFSL is low risk shorting candidate at there is divergence in Open intrest buildup and price move. It may fall from 1120/1130 levels sharply.
MFSL Bearish ViewMFSL(Max Financial Services) - Forming Rising Wedge pattern on day time frame it is a bearish sign.
Short(Sell) below 1136, Target will be 1090 & 1080. If it breaks lower trendline stock can fall till 1032, 1010 & 975
If you are looking for buy side, buy only when it cross upper trendline and start trading above 1145. Possibilities are less.
This idea is only for educational purpose, please trade at your own risk.
NSE:MFSL
MSFL : Nice BUY coming up to the topMy Chauhan's view wave analysis suggest a nice buy to ride till the top.
Do not miss it
Happy Trading.
MFSL Short Term OpportunityA short term opportunity in MFSL. Nearly 5 % returns can be take profit within 4 or 5 trading sessions. Looking very strong in 1 day Time frame.
mfsl longmfsl: daily chart fib 61.80% retracement with flag breakout retest watch for long above todays high with SL as todays low. tgt. 1055/1065/1100
📊 Max Financial Services 🎯 MFSLNSE:MFSL
As I always say that Harmonic Trading strategy is all about reversal trading. if you know how to trade on reversal then only you can and you should trade on Harmonic patterns.
as one can see that there are two Harmonic patterns on this MFSL chart it shows that This reversal zone might be more strong then usual one.
As per this harmonic pattern chart
First Pattern PRZ:- 1097
Second Pattern PRZ:- 1087.05
and here we should follow second pattern stop loss as it's smaller then first pattern although as per this second pattern also stop loss is quite big so take short trade only on reversal only.
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******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Breakout in MFSL[positional]...But at CMP
Target 1070-1100
Weak below 830
RR 1:1
Please maintain SL closing basis
Risk 1-3% of your capital(so plan position sizing base on this)
STOCK FOR THREE DAYES MAX FINANCIALGOOD AFTERNOON FRIENDS THE SECOND STOCK IS MFSL LELVEL TO WATCH 1050 SEE VIDEO FOR DETAILS
REGARDS.
