📈 Technical Analysis (Monthly)
1️⃣ Long-Term Structure (2007–2025)
The stock shows a multi-year secular uptrend with large consolidation phases:
2007–2010: Long accumulation phase at low levels
2010–2018: Strong trending move → major impulse to ~₹500
2018–2020: Deep correction & COVID crash
2021–2025: Re-accumulation & tightening range
Now (2025): Major breakout attempt from 8-year resistance
This signals a structural shift from consolidation to trend resumption.
🔵 2️⃣ Key Levels (Major Supply–Demand Zones)
Major Multi-Year Resistance (Broken Now):
₹310 – ₹330 zone
Tested in 2017, 2018, 2021, 2023, 2024, 2025
Strong multi-touch ceiling
Stock has finally closed above it on monthly, confirming breakout strength.
Immediate Support:
₹285 – ₹300 (previous resistance → now support)
Major Higher Targets (Monthly chart):
Based on historical price action & Fibonacci extensions:
₹395 – ₹410 (first measured move)
₹470 – ₹500 (major resistance + multi-year supply)
₹575 – ₹600 (long-term pattern target)
🟢 3️⃣ Breakout Quality Check
✔ Volume confirmation (if available):
Breakout candles like shown usually represent institutional participation.
✔ Momentum:
Current candle is a 14% impulsive breakout, not a weak marginal move.
✔ Structure:
Has been forming a multi-year cup-like base, now breaking the rim.
This is a high-probability breakout.
🧠 4️⃣ Price Pattern Interpretation
Pattern Type:
A Cup & Resistance Shelf on monthly timeframe.
Duration: ~8 years
Bases of this length cause powerful multi-year moves
Breakout from such a structure suggests long-term trend reversal and fresh bull cycle
📌 5️⃣ Risk Management (Pro Approach)
If someone were to trade (not a recommendation):
Entry: On monthly close above 330 or dips to 300–315 zone
Stop-loss: Below 285 (structural invalidation)
Risk–Reward:
Target 1: ₹395
Target 2: ₹470
Target 3: ₹575
RR > 3 on higher timeframes → very strong setup.
🥇 6️⃣ Professional Summary
This is one of the cleanest long-term breakouts for MNFS in the last decade.
Key Takeaways:
Multi-year resistance broken
High momentum monthly candle
Long consolidation → explosive breakout
Upside potential remains strong
Structure supports trend continuation
Bias: Strongly bullish as long as price sustains above ₹285–300 zone.
1️⃣ Long-Term Structure (2007–2025)
The stock shows a multi-year secular uptrend with large consolidation phases:
2007–2010: Long accumulation phase at low levels
2010–2018: Strong trending move → major impulse to ~₹500
2018–2020: Deep correction & COVID crash
2021–2025: Re-accumulation & tightening range
Now (2025): Major breakout attempt from 8-year resistance
This signals a structural shift from consolidation to trend resumption.
🔵 2️⃣ Key Levels (Major Supply–Demand Zones)
Major Multi-Year Resistance (Broken Now):
₹310 – ₹330 zone
Tested in 2017, 2018, 2021, 2023, 2024, 2025
Strong multi-touch ceiling
Stock has finally closed above it on monthly, confirming breakout strength.
Immediate Support:
₹285 – ₹300 (previous resistance → now support)
Major Higher Targets (Monthly chart):
Based on historical price action & Fibonacci extensions:
₹395 – ₹410 (first measured move)
₹470 – ₹500 (major resistance + multi-year supply)
₹575 – ₹600 (long-term pattern target)
🟢 3️⃣ Breakout Quality Check
✔ Volume confirmation (if available):
Breakout candles like shown usually represent institutional participation.
✔ Momentum:
Current candle is a 14% impulsive breakout, not a weak marginal move.
✔ Structure:
Has been forming a multi-year cup-like base, now breaking the rim.
This is a high-probability breakout.
🧠 4️⃣ Price Pattern Interpretation
Pattern Type:
A Cup & Resistance Shelf on monthly timeframe.
Duration: ~8 years
Bases of this length cause powerful multi-year moves
Breakout from such a structure suggests long-term trend reversal and fresh bull cycle
📌 5️⃣ Risk Management (Pro Approach)
If someone were to trade (not a recommendation):
Entry: On monthly close above 330 or dips to 300–315 zone
Stop-loss: Below 285 (structural invalidation)
Risk–Reward:
Target 1: ₹395
Target 2: ₹470
Target 3: ₹575
RR > 3 on higher timeframes → very strong setup.
🥇 6️⃣ Professional Summary
This is one of the cleanest long-term breakouts for MNFS in the last decade.
Key Takeaways:
Multi-year resistance broken
High momentum monthly candle
Long consolidation → explosive breakout
Upside potential remains strong
Structure supports trend continuation
Bias: Strongly bullish as long as price sustains above ₹285–300 zone.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.