#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.
insurance sector is on fire from last week , among insurance stocks i looking towards mfsl is at deep level and expecting 8.50% upside within 8 days, volume and momentum on chart with fundamental view is looking strong its my personal view
MAX FINANCIAL chart breaking it structure in up side when it it down by 39% from its all time high but nthere is resistance zone at 709 zone
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
HI, 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...
Buy 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...
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near swing high.
Channel breakout in MFSL after longtime, can continue the momentum. BUY 630-640, SL below 618.
Breakout if price closes above resistance
Short Term Cash Buy MFSL @548.00-551 SL 534 TGT 580 Just crosses TK line + MACD cross over followed by ichimoku cloud break out
- Resistance broken for 3rd time in short duration. - Price sustaining above resistance now. - Will long a retest of this S/R flip for a 7R play