MFSL’s Textbook Rally: How Elliott Wave + Price Action Predicted the Move
Aug 14, 2025
When we combining Elliott wave Theory along with price action, does it help us in forming powerful setups?
New traders want to trade and capture every moves & on other hand seasoned ones know the real money lies in sitting tight and try to capture the best of the 3rd wave.
We published the following research on Max Financial Services Ltd on 11th August 2025 in the “Vayu Momentum Report” which our subscribers receive pre-market every day.
MFSL Daily Chart Anticipated as on 11th August 2025
MFSL Futures Hourly Chart Happened as on 14th August 2025
Wave Analysis as on 11th August 2025: -
In the previous session, MFSL stood out as it managed to outshine its peers and gained more than 3% despite major indices falling which is a strong bullish signal. Since 4th August 2025, prices have consistently managed to hold above its prior candle’s low which highlights that bulls are increasing their stake in the stock. Moreover, prices for the 1st time since July 2025 has managed to close above its 20 period EMA (Exponential Moving Average) and now with follow up buying we can expect a fresh course of rally on the upside.
As per the wave perspective, post completion of wave (1) of Primary degree in July 2025, the entire correction is in the form of Primary wave (2) and now a break above 1600 levels is must to confirm completion of the same on the downside. Post which, the rise will be in the form of Primary wave (3) which is considered to be the strongest terminus.
In a nutshell, MFSL looks to have shifted on the bullish side. For now, a break above 1575 levels can further boost positive momentum towards 1640 followed by 1700 levels. On the downside. 1509 is the nearest support to watch out for!
Trading Strategy for Futures – Long positions can be created above 1570 levels with 1545 as stoploss of and target of 1610 levels. (One can book part profit near 1582-1595 levels and trail stoploss to cost.)
Trading Strategy for Options – Buy MFSL Aug 1560 CE if futures breaks above 1570 levels and for risk reward refer the above future strategy.
Happened as on 14th August 2025
MFSL has been moving precisely in line with our expectations and it’s delivering! MFSL futures extended their rally, gaining over 2%, and successfully hit our Target 1 in both the Futures and Options segments. Recently, prices touched a high of 1600, bringing us close to our larger target. With continued follow-up buying, we anticipate that our projected targets in the cash segment are also achieved.
It is fascinating to see how accurately Wave theory along with simple price action can help to predict price targets with high accuracy.
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