MFSL Long Term View with Small Stop LossDear Guys,
hello guys so today I have done a research on NSE:MFSL so basically my view is bullish because it has good volume at down and we are getting this street with lower risk and higher reward so people who follow me can take this trade before any news comes whenever stocks go up or go down on charts we can see it clearly before anything happens so this is educational video before taking any trade consult with your financial advisor with this trade profit will be yours as well as loss will be yours only do your own analysis also before taking trade thank you guys
MFSL trade ideas
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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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
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