MFSL trade ideas
MFSLMFSL made rounding bottom formation pattern on daily charts with good volumes.
Not to be missed breakout with very good Risk:Reward Ratio.
Could be bought with mentioned stoploss & target.
MFSL Cmp 634 Parallel ChannelMax Financial Services Cmp 634 6-4-2023
1. Parallel channel Consolidation, moved above mid line.
2. RSI Divergence
Buy above 637 for tgt of 650-670-680-700-710 SL 610
It is just a view, please trade at your own risk.
MFSLPrice is taking trend line support and had a huge volume recently. Near to the trend line the price has formed a consolidation zone between 610 and 635. It is buy on dips when the price is having a pull back. Buy above 630 - 635 with the stop loss of 615 for the targets 650, 675 and 710. This is not a recommendation to buy/sell. Do your own analysis.
Short term trade setup in MFSLIt appears that the price has hit its lowest point and is now showing indications of a reversal. This is evident as it has broken out of a period of consolidation or uncertainty and is moving in an upward direction. This pattern is commonly known as the Diamond Bottom pattern, which typically occurs during a downward trend. The pattern is characterized by a broadening pattern of higher highs and lower lows, which gradually narrows as the lows start trending upward after the highs peak. Once the price breaks out of the diamond's boundary lines in an upward direction, it signifies a significant shift to a new uptrend.
Target has been Marked.
"W" Pattern breakouttCan do 700 plus.
SL red line
Entry blue line
Target green line.
PS : Pls consult your advisor for investing / trading.
Only for learning purpose.
Falling wedge pattern reversal in MAX FINANCE SERVICE LTDMAX FINANCE SERVICE LTD
Key highlights: 💡⚡
📈On 1W Time Frame Stock Showing Reversal of Falling wedge Pattern .
📈 It can give movement upto the Reversal Final target of above 803+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 1170+.
MFSLMFSL broke out of triangle patern on 30 min TF with decent volumes.
Could be bought with mentioned stoploss & target.
Swing trading longMFSL looking good for the coming week if it breaks out from the triangle it has the potential to give upto 4%
Trendline Breakdown in Max Financial Services Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MSFL is at major support with positive divergence on RSIMSFL is at major support with positive RSI divergence on a weekly time frame:
1) For long we can buy at this level but strict SL must be placed at 620 on weekly closing basis. TGT1 - 678, TG2 - 695
2) For short position, wait for the price to close below 620 on weekly time frame.
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
Are we ready for C/3 up ??A / 1 as clean 5 wave rise.
Deep zigzag correction in B/2
Friday
- Green closing
- Lower Band support
- Momentum indicator turned up without giving sell signal
Could not get better than this with very impressive Risk-Reward ratio.
Please note this is not a trade recommendation. Only our observation based on our study.
Kindly consult your advisor for any trade / investment decision
Swing trade opportunity in MFSLSwing trade opportunity in MFSL
Entry - 689
Target - 760
DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose. Always trade with proper STOPLOSS.
MFSL - Breakout in 15mins timeframe and FiBOMFSL is reversed and can touch 61.8 levels easily. Keep in radar for 780,810, 840 levels.
MFSLMFSL:- Rounding bottom pattern has been formed, breakout has also been given, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Symmetrical triangle pattern breakout in MFSLMFSL
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of Symmetrical triangle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 750+.
✅Can Go short in this stock by placing a stop loss below 712-.
✅breakout this can give risk:reward upto 1:5+.
a short waiting to be activatedMFSL has made a top formation near resistance, trade can be initiated at levels post earning
MFSL Inverse Head and Shoulder Price Action Breakout BULLISHPlan To Enter At Conservative Levels 750 -753,
Partial Exit At Target 1 And Trail Remaining For Target 2.
Adjust Your Stop-Loss To 707 Once Target 1 Reached.
Avg Entry Can Be Done At Aggressive Level 728 - 730
MFSL - Inverted Head & Shoulder breakout- Trend Reversal patternMFSL has formed an Inverted Head and Shoulder pattern and given a good breakout at the neck level 725-730.
This stock has been in down trend since Jul'2021.
This is a trend reversal pattern. Looks good for long term (6 months to 1or 2 years).
SL: Daily close below 670.
Immediate target can be 825 - 830 then 870 (previous swing high).
Note: This is highly volatile and illiquid stock.
200 EMA levels of 765-770 can be a small hurdle zone.
#MFSL - to continue the bull rally#MFSL - seems the sector to continue the bull rally could be Financials. Hence, have shortlisted a few financial stocks that could push the existing run, starting with #MFSL, though almost all of financials should do well in the near-term. All levels mentioned of chart and below, as well:
Enter Long @ CMP 700
SL @ 640
Target @ 820
Max financial Go longMax financial services inverse head & shoulder Breakout done add more above 755 Target 800/850 SL
720
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