#MFSL Max Financial Services Ltd. looks good for more upside. #MFSL
Max Financial Services Ltd. looks good for more upside.
Reclaimed a very important S/R zone (orange); Currently at Golden fib zone.
Also, Insurance sector overall seems to be gaining momentum.
Expecting an upside of about 20-30% in coming weeks/ months.
MFSL
Max Financial Services (MFSL)📈 Technical Analysis Overview:
MFSL witnessed its highest delivery % volume on 09-11-2023, indicating strong market interest. The chart also suggests a breakout based on pattern formation.
📊 Price Levels:
- *Buy Signal:* Initiate a long position on MFSL if it closes above ₹940.25.
- *Stoploss:* Set a stoploss at ₹918.10 (closing basis).
🎯 Profit Targets:
- *1st Target:* Consider booking profits in 50% of the quantity at ₹961.
- *2nd Target:* For the remaining quantity, aim for ₹993.60.
💡 Profit Management Strategy:
Always adapt to price action for profit-taking and safeguarding profits. Be vigilant and consider trailing profits based on market movements.
🚨 Disclaimer:
This analysis is for educational purposes only. I am not SEBI registered. The insights provided here are based on research and are strictly for knowledge and study purposes. Prior to making any trading decisions, seek advice from a certified financial advisor.
Happy Trading! 📊📈
Mfsl Share Complete Zig Zag correction Weekly chartMfsl share down weekly chart Wave A
Wave A internal 1,2,3,4,5
Any stock ya index first down side complete 5 wave indication Zig Zag Correction .
Wave B bounce can not cross 62 % retracment wave A and again Wave C break low Wave A
Wave c internal 1,2,3,4,5
or Wave B internal a,b,c
MFSL Long Term View with Small Stop LossDear Guys,
hello guys so today I have done a research on NSE:MFSL so basically my view is bullish because it has good volume at down and we are getting this street with lower risk and higher reward so people who follow me can take this trade before any news comes whenever stocks go up or go down on charts we can see it clearly before anything happens so this is educational video before taking any trade consult with your financial advisor with this trade profit will be yours as well as loss will be yours only do your own analysis also before taking trade thank you guys
Buy Max Fin Service above 960HI, speaking of last post it hit the target 1 for Intraday and now today it came to our entry point 184 and we shorted it there and now its CMP is 179, so pretty good gains there.
The next stock pick is MAX FINANCIAL SERVICES, it is something to go long on in the previous weeks it made a DOUBLE TOP and gave a corrective fall from there and now it is in a falling channel which a bullish pattern.
What I see in MFSL:
Near Daily demand zone
Support of Fib 78.6% at 920
Channel can be broken on the upside
BUY ABOVE - 960
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Buy Max Financial at 1050 or higherBuy Max Financial at 1050 or higher for Targets of 1183 and 1325.
Fundamentals:
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 12.18%
The company has declared Positive results for the last 3 consecutive quarters: PAT(Q) At Rs 62.34 cr has Grown at 272.7 %NET SALES(Q) Highest at Rs 9,759.75 cr
It is ranked 71 across all Large Cap and 419 across the entire market
Market Beating performance in long term as well as near term: Along with generating 103.29% returns in the last 1 year, the stock has outperformed BSE 500 in the last 3 years, 1 year and 3 months
MFSL: Looks good for 1190After a period of correction, MFSL has started moving up again. A retest of the trendline resistance and bounce has indicated that the trendline might be now acting as support level. Also, there is a bounce from 50 EMA which has acted as support and price has closed above this level for the last 4 sessions. 50 EMA has also turned up. MACD has turned bullish, as also other swing indicators.
I would go long, with a stop-loss when the price closes below 50 EMA, and a target of 1190 (+ 9.8%) around which I expect the next level of resistance.
MFSL LONG INTRADAY 23 APR, 2021Dear trader,
If u look at the chart of MFSL (analysis based intraday only) the MFSL Buy at 863 and Target at 875.
Best Buy at 850.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.