mfsl for short buyTrade based
waiting for hr tf trend line break out.
possible to retest the 4hr tf breaked resistance.
MFSL trade ideas
Swing Opportunity in Max Financial ServicesGo Long above 994 for Targets of 1031.85, 1069.7, and 1107.55 with SL 956.15
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. The stock may go up to the resistance zone (marked with red color) where it may face resistance so we have kept our final target just below this zone.
MFSL NSE: MFSL 983
GOOD CHART WITH RISK-REWARD
-pennant like formation
-or you wait for the results to enter
MFSLMFSL
Previous resistance becoming support
go long above high of doji with sl low of doji
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 adviser before taking any trade.
MFSL longmfsl hits support zone and taking 2 days high need to watch todays closing if closed above 1000 level then its buy for short term or say nxt month. keep it on radar high risk reward setup.
MFSL - Risky ShortIgnoring the market trend or say to hedge the long positions this short trade can be used with the SL 1040
MFSLon very good support level
we can see more upside levels in future in it
Not any recommendation
thank you ..!
MFSL entered with stop below 956 on a 15 min closing basisMFSL entered with stop below 956 on a 15 min closing basis. Lets see where it has to go..
SWING MFSL (risky)Continuosly taking support at 990 with the increasing strength of RSI i.e BULLISH RSI DIVERGENCE
Can go for the swing target of 1050 !!!!
See my previous views on various stocks to rely on my analysis ;)
Happy trading !!!!
BUY MFSL Shows Bullish at CMP,
BUY at Given price in Chart
Trade Setup WIT
Initial Target 1:2
Final Traget:1100
MFSL intraday trade idea for 9th Sep#MFSL : entry and exit levels on the chart (refer black/blue lines). Place SL@0.4% of the entry price. Zones (if present are in pink/orange) are the places where it's unsafe to enter. This stock will fly above 1095 #INTRADAY
MFSL coming out of consolidation phase MFSL is breaking out of triangle pattern
Can go for swing long around CMP 1088 with SL @ 1057 daily closing basis
Target1 is 1115
Target2 is 1135
Do your own analysis before action
MFSL Long opportunityNSE:MFSL
Hello all!
This one's a bit complex. Please bear with me!! I'll try my best to explain.
MFSL has been trading inside a channel since March 2020(Covid Crash). Based on the stock's movement, a new trendline apart from the channel trendlines has emerged. We can see that the stock has been taking support from this supporting trendline since August 2020.
Right now we can see that the stock is again at its supporting trendline and also in its support zone thus generating a confluence. A new trendline can be drawn from the top of the channel which depicts how the stock has been falling.
This is where I see a long opportunity. As soon as the stock gives a strong close by breaking the trendline, we can go long. There are two ways in which you can set your stop loss(SL):
1)We can keep an SL below the support zone 1. This leads to an excellent Reward to Risk ratio.
2)We can go long with 50% of our total quantity. If stock breaks support zone 1 and reaches support zone 2, we can average out by buying our remaining 50% at this level and keep an SL below this zone. This again leads to a good Reward Risk ratio but not as good as in case 1.
With Nifty booming, I believe the chances for this trade to fail are quite less!
Would love to hear your thoughts on this!!
HAPPY TRADING!!
*NOT A CALL*
MFSLBuy above 1040 with the stop loss of 1035. Targets are 1045, 1050, 1055 and 1060.
Sell below 1030 with the stop loss of 1035. Targets are 1025, 1020, 1015 and 1010.
#MFSL next bullish harmonic#MFSL next bullish harmonic
Target -1160
SL -1042
CMP:1077.40 @17 August 2021
