MFSL: Cup & HandleStock has given a breakout of Cup & Handle pattern and retested the neckline in Jan'25. The measured target for the same is coming in the region of 1900. On the downside the key level can be 1080.
Maxfinancial
#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.
MFSL POSITINAL TARGET @800insurance 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 DAY CHARTMAX 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
MAX Financial BreakoutThe 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.
Max Financial BreakoutThe 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.
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
MAX Financial ReversalThe 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 MFSLChannel breakout in MFSL after longtime, can continue the momentum.
BUY 630-640, SL below 618.
R-0175 Short Term Cash Buy MFSL @548.00-551 SL 534 TGT 580Short Term Cash Buy MFSL @548.00-551 SL 534 TGT 580
Just crosses TK line + MACD cross over followed by ichimoku cloud break out
Potentially 14% / 7R upcoming S/R flip play- 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
