MFSL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.1

Here’s a detailed technical analysis of Max Financial Services Ltd (MFSL) based on current indicators and price action

📊 Trend Overview

Current Price: ₹1,505

50 DMA: ₹1,513 | 200 DMA: ₹1,297 → Price is below 50 DMA but above 200 DMA, indicating short-term weakness but long-term support.

RSI (36.6): Approaching oversold territory, signaling weak momentum.

MACD (-8.70): Negative, confirming bearish crossover and downward pressure.

Volume: Above average, suggesting active selling or distribution phase.

📌 Trend Status: Reversing from bullish to bearish.

📈 Chart Patterns & Momentum Signals

Candlestick Patterns: Recent bearish candles and lower highs suggest trend exhaustion.

Bollinger Bands: Price near lower band, indicating oversold conditions and potential short-term bounce.

Volume Spike: High volume with falling price hints at institutional exit or profit booking.

🧭 Support & Resistance Zones

Level Price (₹) Notes

Support 1 1,480 Near recent swing low

Support 2 1,450 Psychological level

Resistance 1 1,513 50 DMA

Resistance 2 1,540 Minor trendline resistance

Major Resistance 1,600–1,669 52-week high zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹1,450–₹1,480 (on pullback near support)

Exit Zone: ₹1,513–₹1,540 (short-term resistance)

Stop Loss: ₹1,430 (below key support)

🧠 Summary

Momentum: Weak

Trend: Reversing

Volatility: Elevated

Short-Term Outlook: Bearish bias; wait for RSI recovery and MACD crossover before entering aggressively

Would you like to explore how MFSL compares with other life insurance stocks like HDFC Life or SBI Life?

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