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Max Financial Services Limited

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MFSL trade ideas

MFSL - IS IT READY FOR BREAKOUT ? MFSL reached the same price level of Aug 2021 ( WEEKLY chart ) So is this stock ready for a breakout within next 1 week ? Lets analyze the stock in VCP perspective The Volatility Contraction Pattern (VCP) is a technical chart pattern often used in share trading to identify stocks that are preparing for a breakout. MFSL developed an upward move from 04 June 2024 and maintained a steady upward movement . A VCP is developing in 75 minutes - but 75 minute VCPs are not powerful - so we cannot expect strong breakouts. Also 3rd VCP is almost same as 2nd VCP ( means no major Volatility contraction ) There is no VCP development in Daily time Frame ( Higher time frames ) Chart shown in 75 minutes time frame ( left side ) and Daily Time frame on right side . Lets observe the stock for next 1-2 weeks and see how it performs This is not a buy sell recommendation - only for study purpose .
NSE:MFSL
by faizalummmer
**MFSL has formed a bullish rounding bottom**MFSL has formed a bullish rounding bottom, indicating a potential reversal. The recent breakout above 1,150 confirms this pattern. Key points:- Upward Trend: The stock's price is trading above its 50-week moving average, suggesting a positive long-term trend. Breakout Confirmation: The successful breakout from the rounding bottom pattern reinforces the bullish outlook. Volume Support: The surge in trading volume accompanying the breakout indicates strong buying interest. Recommendation: MFSL is a potential buy With short-term targets of 1,250 to 1,350. For long-term investors, holding the stock could potentially give greater returns.
NSE:MFSLLong
by Trade_with_Madhav
2
Stock: MFSL (Max Financial Services Ltd)Stock: MFSL Trend: Bullish Setup: Rounding Bottom Breakout Timeframe: Weekly Chart Analysis: MFSL has exhibited a classic bullish reversal pattern, the rounding bottom. This formation typically signals a transition from a bearish to a bullish trend. The stock's recent breakout above ₹1,150 confirms the completion of this pattern, suggesting a strong upward trajectory. Key Takeaways: 1. Upward Trend: The price's position above the 50-week EMA indicates a positive long-term trend. 2. Breakout Confirmation: The successful breakout from the rounding bottom pattern reinforces the bullish outlook. 3. Volume Support: The surge in trading volume accompanying the breakout suggests robust buying interest. Recommendation: Given the strong bullish signals, **MFSL is a buying zone **. Traders and investors may consider entering positions with short-term targets of ₹1,250 to ₹1,300. For long-term investors, holding the stock could potentially yield even higher returns.
NSE:MFSLLong
by kingofstockmarkets
MSFL takes support at 200sma with bullish engulfing pattern A bullish engulfing pattern, bolstered by the 200-day SMA and heightened trading volume, signals a potential trend reversal. When the bullish engulfing pattern is formed after a downtrend, it signals the reversal of the trend. There are high possibility that an uptrend can be seen after the formation of this pattern. What is a Bullish Engulfing Candle? A Bullish Engulfing Candle is a green candle formed after a red candle. This green candle totally covers the red candle and is bigger than the red candle. In a simpler way, in a bullish engulfing pattern, the red candle appears to be the small shadow of the green candle. At times, the 200-day SMA serves as a support level when the price is above the moving average or a resistance level when the price is below it. Disclaimer- This analysis is solely for educational purposes and does not constitute any recommendation to buy or sell.
NSE:MFSLLong
by Rockstar9831
MFSL Approaching Resistance – Bullish Reversal Possible Max Financial Services Ltd. The stock is approaching a descending resistance line, which has been tested multiple times, indicating a possible breakout if crossed. The RSI is at 44.54, suggesting neutral momentum with room for a bullish reversal. The MACD is showing a bearish crossover, with the histogram in negative territory. However, watch for a potential reversal if the price moves higher. Immediate support is around ₹870-₹900, which is also the level of the 100 EMA. Resistance is around ₹1050-₹1100, where the descending trendline lies. Volume has been decreasing, indicating a lack of strong conviction in the recent downward move. Watch for a breakout above ₹1050 with increased volume for a bullish reversal. If the stock holds above the support zone of ₹870-₹900, it might present a good buying opportunity with a potential target of ₹1100.
NSE:MFSLLong
by Marketik
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 RESPECTED! 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 TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-)
NSE:MFSLLong
by Yoyohoneysingh93