📈 Technical Analysis Overview:
MFSL witnessed its highest delivery % volume on 09-11-2023, indicating strong market interest. The chart also suggests a breakout based on pattern formation.
📊 Price Levels:
- *Buy Signal:* Initiate a long position on MFSL if it closes above ₹940.25.
- *Stoploss:* Set a stoploss at ₹918.10 (closing basis).
🎯 Profit Targets:
- *1st Target:* Consider booking profits in 50% of the quantity at ₹961.
- *2nd Target:* For the remaining quantity, aim for ₹993.60.
💡 Profit Management Strategy:
Always adapt to price action for profit-taking and safeguarding profits. Be vigilant and consider trailing profits based on market movements.
🚨 Disclaimer:
This analysis is for educational purposes only. I am not SEBI registered. The insights provided here are based on research and are strictly for knowledge and study purposes. Prior to making any trading decisions, seek advice from a certified financial advisor.
Happy Trading! 📊📈