MFSL - Bearish Shark - 4H TFBearish Shark pattern on 4H Chart of MFSL. SELL 439.5-440, SL 444.15, Target(s) - 434, 431.
MFSL trade ideas
Momentum trade in Max FinancialThe stock flashed in the top gainer's scanners showing good momentum. The first entry was on the break of R3 pivot with SL tad below R3 line. Second entry could have been on the BO of the first 15 min candle above the R3 or a minor pullback you see here on lower TF - 1 minuter chart.
Exit in the 40s as the trend starts weakening with RSI in the extremely overbought zone showing clear divergence in lower TF charts. A countertrend trade - short can be taken towards the completion of Doji pattern, as looking at the PA it was likely a momentum move and chart structure was not convincing for the rally to sustain.
MFSLMFSL, Stock at trendline support.
Keep n eye. Can bounce.
Small Risk trade.
Long
CMP 420 can be bought on dips till 410
SL close below 400 Target 450 and more.
Bullish Cypher Max Financial ServicesBullish Cypher Max Financial Services
Prz - 391 - 398
Sl - 386
Target 1 - 416
Target 2 - 427
MFSL - DOJIMAX HAD A DOJI.
IF THE PRICE MOVES ABOVE 442, BUY WITH TARGETS AND STOP LOSS MENTIONED IN THE CHART.
IF IT MOVES BELOW THE LOW 432, THEN SELL AND ABOVE PRICE LEVELS SEEMS TO BE APPLICABLE.
Bullish Bat Max Financial ServicesBullish Bat Max Financial Services
Prz - 410 - 415
Sl - 405
Target 1 - 422
Target 2 - 428
Max Financial - Cup & Handle/Break Out Retest.Making of Cup & Handle.
Break Out Retest.
EMA Support.
Trial SL As Per Comfort.
Other Details Mentioned In Chart.
Can Be The Stock For April Series.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registerred Financial Advisor.
Bearish Bat Max Financial ServicesBearish Bat Max Financial Services
Prz - 447.50 - 455
Sl - 460
Target 1 - 438.50
Target 2 - 430
MFSL to move towards 405 in short termA rising RSI and a converging MACD indicates a short term upmove in MFSL.
Adjust trading volumes as per entry price.
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