**MFSL has formed a bullish rounding bottom
**MFSL has formed a bullish rounding bottom, indicating a potential reversal. The recent breakout above 1,150 confirms this pattern.
Key points:-
Upward Trend: The stock's price is trading above its 50-week moving average, suggesting a positive long-term trend.
Breakout Confirmation: The successful breakout from the rounding bottom pattern reinforces the bullish outlook.
Volume Support: The surge in trading volume accompanying the breakout indicates strong buying interest.
Recommendation:
MFSL is a potential buy With short-term targets of 1,250 to 1,350. For long-term investors, holding the stock could potentially give greater returns.
Key points:-
Upward Trend: The stock's price is trading above its 50-week moving average, suggesting a positive long-term trend.
Breakout Confirmation: The successful breakout from the rounding bottom pattern reinforces the bullish outlook.
Volume Support: The surge in trading volume accompanying the breakout indicates strong buying interest.
Recommendation:
MFSL is a potential buy With short-term targets of 1,250 to 1,350. For long-term investors, holding the stock could potentially give greater returns.
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