MFSL trade ideas
at neckline. breakout/ reversal. Results on monday, long if it breaks tl on daily.
most likely will see a fall from the neckline.
MAX Finance NecklineMAX FINANCIAL , MSFL , has been respecting neckline for over an year. Been in a down trend for a while, Currently testing the neckline and trendline. Awaiting a breawkout/reversal on acccount of results on Monday
Sell Max Financial in Supply Zone Valid till 6 JulySell Max Financial in Supply Zone Valid till 6 July
MFSL#MFSL looking good on monthly chart there is support at lower level of uptrend channel. If stock able to hold support than stock can see 685 in next 1.5 to 2 year if not than more 26% downfall in stock. There 424 is important level on chart
Trend Reversal big W breakout for Investing/TradingThe stock has completed the big W pattern and flying after the breakout. Although it has already moved 25% in last 5 bars and as a trader we have already missed 2 entries but still it has a potential to fill the complete valley. One can trade the stock accord to their risk taking capacity. 2 Missed Entries are marked for the beginners on how to trade the pattern.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
MFSL Short and Mid term viewRefer chart. Indicators may turn positive side on upcoming days.
Vijayaraghavan,
Kovilpatti.
MAX FINANCIAL- dark cloud with silver lining..THIS IS NOT A TIME DEPENDANT ANALYSIS..
1.Forming bullish Cypher
2.Present support at weeklyS2
3.MA cross 50/200 olhc4 bearish
4. 4year yellow trendline broken
5.Reversal is expected to occur at the PRZ of the bullish cypher as marked
6. the reversal tragets are 0.382DC an 0.618DC of the bullish cypher
Disclaimer... this is not an investing/trading advice, do your own analysis before decision making...
High risk callMax Financial can be sold at current market price 434 target of 427 Which is 52 week low .
It is trying to test 52 week low. can initiate position for short time with strict Stop loss of 443
BUY : Good Risk to Reward Trade Channel retest!The stock has formed a parallel channel which got broken decisively now it is retesting it from above giving another opportunity to buy it. Stop Loss the low of today's bar target 625 offers good risk to reward trade.
MSFL Bearish Bat/Butterfly PatternMSFL Bearish Bat/Butterfly Pattern
Short below 589 with 607 SL
T1 - 575
T2 - 566
T3 - 555
T4 - 540
#MFSLIf
C < 562 with a strength candle causes another extended reversal
C < 536 with a strength candle cancels the marked BO
Next level 470
