MFLMFL is testing its support zone that lies in a range of 25.50-26.50, possible pull back is expected towards 31.69 and after break and sustain condition it can test 34 level. Use stop below 25.
MFL trade ideas
MFL (MONTHLY) - MORNING DOJI STAR (BULLISH)🔰 TICKER : MFL | TRADING CALL
❗ LOW LIQUIDITY / SLOW MOVER STOCK
🔰 STANCE : BUY (BULLISH)
(25-JUNE-2024)
⚡ NEW BUYING RANGE : 27.60 - 28.20
🔺 INITIAL STOPLOSS : SELL IF CLOSES BELOW 26.80
⭕ ID SL : SELL IF CLOSES BELOW 27.00
📶 STOP BUY : BUY ABOVE 29.40
⚡ TG - 1 : 29.40 - 30.60
⚡ TG - 2 : 31.30 - 32.27
⚡ TG - 3 : 33.10 - 34.80
👉 Take Partial Profits on Recommended Targets🙏
▪ INTRA-DAY, SWING TRADES & POSITIONAL TRADE
Disclaimer: High-risk and low liquidity trades carry significant risks, including potential substantial losses. These calls are for experienced investors. Conduct your own research or consult a financial advisor before trading. Past performance is not indicative of future results. Trade within your financial capacity.
MFL is BullishA matured bullish divergence seems to be playing out for MFL price, as it has printed a higher high, it is now on course for a bullish move. It could dip a bit to print higher low, but would move up to new highs soon. Targets are mentioned on the chart.
Sideways in Weekly as well as Monthly TFBuy1 around 29.30 - 29.50
Buy2 around 27.30 - 27.50
Sell around 31 - 31.50
Stoploss 25.50 (Closing Basis)
