MFSL – Strong Uptrend Continues
CMP: 1727
Stoploss: 1531
Targets: 1878 / 2091
Structure & Reasoning (Direct & Clear):
After a strong upside leg, MFSL went into a 5-month sideways consolidation — a clean box pattern.
Now the stock has broken out of that box, indicating fresh momentum can continue.
Earlier, MFSL had given a rounding bottom breakout at 1148, with a target of ~545 points, which got fully achieved today.
Post achieving that target, the stock has created a new box, showing continuity of the uptrend, not exhaustion.
Trend structure remains higher highs–higher lows; momentum intact.
This is a positional continuation breakout — ride the trend with the defined SL.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
CMP: 1727
Stoploss: 1531
Targets: 1878 / 2091
Structure & Reasoning (Direct & Clear):
After a strong upside leg, MFSL went into a 5-month sideways consolidation — a clean box pattern.
Now the stock has broken out of that box, indicating fresh momentum can continue.
Earlier, MFSL had given a rounding bottom breakout at 1148, with a target of ~545 points, which got fully achieved today.
Post achieving that target, the stock has created a new box, showing continuity of the uptrend, not exhaustion.
Trend structure remains higher highs–higher lows; momentum intact.
This is a positional continuation breakout — ride the trend with the defined SL.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.