Stock name - Max Financial Services Limited.
Daily chart setup
Heavy Volumes
7% to 12% Quick Move Possible
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
#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.
MAX FINANCIAL SERV
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Parallel Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 950+.
✅Can Go Long in this stock by placing a stop loss below 890-.
Strong reversal on cards, Base consolidation and maintaining strict stoploss can provide big chance of making green. Singapore government is watching closely. Their entry bounce and reversal and bounce back.
TECHNICALS
1. Above 200 Moving Average
2. Long Trendline Break and sustain
3. Resistance Breakout and Retest
4. Hammer pattern at the retest
FUNDAMENTALS
1. Profits increasing every year
2. FIIs & DIIs Increased holdings June Quarter
3. Fundamental score of 8/9
📈 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...
MAX FINANCE SERVICE LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1135+.
✅Can Go Long in this stock by placing a stop loss below 871-.
MAX 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...
MFSL 1D TIMEFRAME BRACKOUT
So hello guys this chart is only education perpose only.
this stock chart is MFSL, Stock 4th time touch is resistance level, open your eyes 65 % chances is this week brake this level so lets go level discussed.
Resistance - 862 To 878 brack and next target open.
1st target- 960
2st target- 1065
Support level is 763 to 751
Happy trading
Mfsl 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 intraday view for 9th Aug #MFSL
Buy entry above 816 sl area around 808
Charts for Educational purposes only.
Strictly follow Risk Reward and Stop Loss if you consider the level
Thanks,
V Trade Point
