Technical Analysis Max Financial Services Ltd – Strong Bullish Trajectory
The stock MFSL is trading above all its key moving averages including the 50-day ₹1,672.5 and 200-day ₹1,578.5 SMA. This Golden Alignment suggests strong institutional support and a healthy long-term trend.
It is currently on the verge of breaking out from a six-month consolidation phase to enter a new higher orbit.
Immediate Support ₹1,687 – ₹1,705. A breach below ₹1,630 could lead to a deeper correction toward ₹1,556.
A decisive close above ₹1,763 could trigger a sharp breakout toward the target of ₹1,950 with some projections reaching as high as ₹2,150.
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