#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.
Maxfinancial
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