DAILY SWING CALL // Tuesday 29th of December 2020 // NSE: MFSLDAILY SWING CALL // Tuesday 29th of December 2020 // NSE:MFSL
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 695.50
TARGET: 800+ (15% Around)
STOP LOSS: 625 (10% Around)
DURATION: In 15-20 Trading Sessions Target should be achieved
FOR STANDARD NOTES / DISC: Please refer my earlier posts on Tradingview.com
MFSL trade ideas
INTRA-DAY LONG on MFSLMFSL is in prolonged up-trend. Stock has breached it's all time highs and will continue to rally up before taking a halt.
A general behavior of stocks trading at ATH is the continuation of trend rather than correcting.
Hence my bias is on the upside.
Chart speaks for itself. Buy above 688 for the targets of 700, 707,715 with SL at 683.
688 has acted as resistance recently and is an important level to track for initiating a buy.
NOTE: These are my personal views. Trade at your own risk.
DON'T MISS THIS VOLATILITY CONTRACTION.LOOK FOR RANGE BREAKOUT.#MFSL in a range from past 3 months.good range bounded volatility contraction having ascending triangle in hourly timeframe.price in daily timeframe above 20ema.Looks perfect to go for a long abv 635 with a clbs sl of 600 with a target of 685,762,800.