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
MFSL trade ideas
mfsl trying to sustain above 20 emasafter moving down on 20 ema mfsl trying to sustain above 20 emas
MFSL MAY SERIES ANALYSISSELL IS GOING TO ACTIVATED IN THE SCRIPT
PLZ DO LIKE IF U FIND THE ANALYSIS INTERESTING.
1227. Mid cap stock. long for swing trade ( 2 to 3 weeks)Promoters - 28.32%
NBFC and Mutual Funds -29.67
Foreign Institutions - 29.57
General Public - 9.38
Others - 2.02
Financial Institutions %1.03
1.Low debt org.
SL compulsory
MFSL sell below levelMFSL made same pattern with levels
sell below 430 sl 443 target 415 103
buy above 449 sl 438 target 458 477
MFSL at support of the trend line 423MFSL at support of the trend line 423
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wait for reversal on a 15 min candle . buy above green candle high with SL of that candle.........
Keep risk to reward 1:2 or 1 :3
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%.
MFSL | Ready to Finance Your NeedsMFSL is in range since last many days, tried to give breakout on last day but failed miserably. If we look in RSI as a strength indicator instead of Overbought or Oversold things, it has given clear breakout from previous range. MFSL might face some resistance early in the trade but once above 632, it will immediately reach 660 and 700 levels. It can be considered for short term gains.
