MFSL – Strong Uptrend Continues

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.