MFSL
NSE:MFSL
Had shared this chart on 5th Jul and had asked to keep it in watchlist,
It has now broken the trendline and taking support at 545, on long side 545 can be support and targets can be 557, 563 and 570
On downside below 545 it can see 534 & 527
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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MFSL trade ideas
MFSL Trade Plan 2018 Sept 14
On 10th Sept 2018, there was a huge Volume of 4930K as well as 637K marked delivery in MFSL. MFSL had come down during last 2 sessions forming LHLL. But, there was Green candle in the last session. There was recovery of 1.63% during the session once the counter had crossed Last Low. The recovery was fast but the volumes were at the lower side compared to its previous session.
Last Trade was 469.70 But Close was 471.55. Means during the last half hour there was either short covering of last 2 sessions or new demand.
Trade Plan : Expected opening around 470.50 The counter shall attempt to cross the last high. At the end of the session there shall be a positive close in the counter. Keeping the above move, try to buy below the Opening rate during the morning euphoria. Once the counter crosses the Last High, book 50%.