Get started
MITCHELL'S FRUIT FARMS LTDMITCHELL'S FRUIT FARMS LTDMITCHELL'S FRUIT FARMS LTD

MITCHELL'S FRUIT FARMS LTD

No trades
See on Supercharts
Overview Financials
Ideas
Discussions Technicals Seasonals

MFFL trade ideas

MFFL - PSX - Technical Analysis Bearish Cypher Harmonic PatternMFFL on daily TF, price has started to move downwards. It is following Cypher pattern and 93% chances are that it will follow it till price drops to 193~195. Additionally, RSI has also dipped close to 60 level and still going downwards. KVO also is dipping downwards but still above zero line; as soon as Blue line downwards crosses Green line price will start to drop sharply. If KVO dips below zero then selling pressure will be enormous. Therefore, a cautious approach should be followed while getting in to it. My recommendations would be to buy at dip of 193 and that too after analyzing it again as it may even slip to 120~130. Alternatively, buying after it crosses 290 will be better approach as then it will be in the next bull run leg. TPs are calculated on Fib based Ext tool. Trade Values have been marked on the chart.
PSX:MFFL
by Golden_Spur
MFFL - PSX - Long (Buy) Trade Call Seasonal timelines have been drawn on the chart. MFFL stocks have been seen historically going up in the month of October till first week of December i.e. for average 1.5 months and then going down. This happens because of the citrus export and selling locally as well. While from March till Aug it mostly relies on selling finished food products like jams. Technically Fib retracement has already reached 0.89 level; besides bullish divergence has started to form on 4h TF. Price is about to reach a very strong support zone as well. Therefore, it is strongly recommended to initiate instant buy at current market price and if it dips further to first support level then buy again. And if it falls even till the middle of support zone then buy third time as well. Trade values are depicted below. Buy Trade Call Buy 1: 132.00 Buy 2: 129.50 Buy 3: 124.50 TP1 : 168 TP2 : 200 TP3: 250 SL: 115
PSX:MFFLLong
by Golden_Spur
MFFL - Buy Trade Call After retracing in a channel price is likely to reverse from here. Fib retracement 0.618 already touched and it may even touch 0.812 level. RSI indicator is still bearish no prominent divergence, but it may reverse in a couple of days. Technically very correct entry should be on break of parallel channel's upper line, however, if one wants to enter with better prices then here are the values. Buy Trade Values Buy 1: 144.00 Buy 2: 141.45 Buy 3: 135.00 TP 1 : 155 TP 2 : 170 SL: 127
PSX:MFFLLong
by Golden_Spur