MFSL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.2

Here’s a detailed technical analysis of Max Financial Services Ltd (MFSL)

📊 Trend Overview

Current Trend: Weak and range-bound

Phase: Consolidating with bearish undertones

Bias: Neutral to mildly negative due to poor earnings and weakening momentum

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹1,568

200 DMA: ₹1,381

Current Price: ₹1,555

Price is below 50 DMA but above 200 DMA → signals short-term weakness within a broader uptrend

Flattening slope on 50 DMA → momentum is fading

🔹 RSI (Relative Strength Index)

RSI: 43.0

Near oversold zone → weak momentum

No reversal signal yet, but potential for bounce if RSI dips below 40

🔹 MACD (Moving Average Convergence Divergence)

MACD: -4.76

Negative MACD → confirms bearish momentum

No crossover → trend remains weak

🔹 Bollinger Bands

Price near middle band → consolidation zone

Bands are narrowing → low volatility

No breakout or squeeze pattern visible

🔹 Volume Trends

Current Volume: 3.81 lakh

1-Week Avg Volume: 4.92 lakh

Volume is below average → weak participation

Suggests lack of institutional conviction

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,520 Minor support zone

Support 2 1,470 Previous swing low

Resistance 1 1,568 50 DMA, immediate ceiling

Resistance 2 1,600 Intermediate resistance

Resistance 3 1,679 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹1,520–₹1,540 (on pullback near support)

Exit Zone / Profit Booking: ₹1,600–₹1,679 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Weak momentum, MACD and RSI not confirming strength

Medium-Term: Consolidation likely to continue unless price breaks above ₹1,568 with volume

Volume: Needs improvement for any meaningful breakout

🧭 Conclusion

MFSL is currently consolidating with bearish undertones. Technical indicators show indecision, and the price is struggling to hold above the 50 DMA. Traders may consider accumulating near ₹1,520 with a tight stop-loss, targeting ₹1,600–₹1,679 if volume confirms a breakout.

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