MFSL trade ideas
#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.
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
📊 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.
MFSL BREKOUT occur Will Move like RocketIn Continuation of learning support and resistance on Chart.
Today take example of Chart of MFSL which can be seen as Beautiful example of learning support
and resistance
how breakout can be find out from the CHART
here tomorrow this stock seems to be moving after consolidating since long back.
mcpriceaction