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MAX FINANCIAL SERVICES LIMITED

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MFSL trade ideas

Stock Analysis – Max Financial Services Ltd (MFSL)📅 Date: January 30, 2025 📊 Timeframe: Daily Chart 📌 Market Snapshot 🔹 Change: +34.15 points (+3.16%) 🔹 Volume: 331.73K (Below 20-day avg: 727.74K)(Keep a watch on volume) 🔹 Momentum Indicator: RSI breakout, EMA 200 Crossover 🔹 Strong Bullish Candle (Bullish Marubozu) forming ⚡ Levels to Watch 🔴 Key Resistance Zones (Above Current Price) 🚀 1,135.40 – Immediate hurdle 🚀 1,148.85 – Next breakout zone 🚀 1,177.75 – Major supply area 🟢 Key Support Zones (Below Current Price) 🔻 1,086.85 – Short-term support 🔻 1,057.95 – Key demand zone 🔻 1,041.40 – Strong base 🚀 Conclusion MFSL is showing strong bullish momentum, backed by an RSI breakout and a 200 EMA crossover. "Could the price sustaining above recent levels indicate further upward momentum, with a critical support zone in place?"
NSE:MFSLLong
by ruelfernandes
MAX FINANCIAL SERVICE S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
NSE:MFSL
by zenthosh
SWING TUTORIAL - MFSLIn this tutorial, we analyze the stock NSE:MFSL (MAX FINANCIAL SERV LTD) identifying a lucrative swing trading opportunity following its all-time high in July 2021. The stock declined by nearly 50%, forming a Lower Low Price Action Pattern, but subsequently reversed its trend. At the same time, we can also observe the MACD Level making a contradictory Pattern of Higher Highs. This Higher High Pattern of the MACD signaled the start of a Bullish Momentum, thereby also signaling a good Buying Opportunity. The trading strategy yielded approximately 80% returns in 71 weeks. Technical analysis concepts used included price action analysis, MACD, momentum reversal, trend analysis and chart patterns. The MACD crossover served as the Entry Point, with the stock rising to its Swing High Levels of 1148 and serving as our Exit too. As of wiring this tutorial, we can also notice how the stock is making a breakout and retest of the Swing High levels and trying to continue its momentum further upward trying to make a new All Time High. KEY OBSERVATIONS: 1. Momentum Reversal: The stock's price action shifted from a bearish to a bullish trend, indicating a potential reversal. 2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure. 3. MACD Crossover: The successful crossover in May 2023 confirmed the bullish trend, creating an entry opportunity. TRADING STRATEGY AND RESULTS: 1. Entry Point: MACD crossover in May 2023. 2. Exit Point: Swing High Levels - 1148. 3. Return: Approximately 80%. 4. Trade Duration: 71 weeks. NOTE: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing Price Action, MACD movements, and Reversal patterns, traders can pinpoint potential entry and exit points. Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
NSE:MFSLEducation
by thepranam
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! 📊📈
NSE:MFSLLong
by UnknownUnicorn25710023
On the verge of breakout on daily ChartMAX financial is a stock that has been showing signs of a breakout. The stock has been in an uptrend for the past few months, and it has recently broken out above a key resistance level. This is a bullish signal, and it suggests that the stock is likely to continue to rise in the near future. The whole financial sector is making highs we need to keep a few scripts in radars and focus on taking position carefully with Stop loss on the chart. Happy trading.
NSE:MFSLLong
by RajputAmarjit