You had problem with your Mac volume, either it has been corrupted or it has inconsistency while handling the data. You want to fix it with the use of disk utility or try to format it. But when you try to do this you get no Mac hfs volume found error message. This means the disk utility is unable to solve the problem caused by different reasons like changing the volume file system, any partition error, virus infection, damaged catalog or header file. You can fix no Mac hfs volume found issue by using the fsck command on the terminal if it is still not fixed then you have to consult a professional. You may lose some or all of your data in the process that you can recover by using the inbuilt backup utility time Machine or your personal on. If the backup can not be used then try Mac data recovery software. It is quite a powerful software that will retrieve all your files lost during formatting, which you had done to fix no Mac hfs volume found. You have to scan the drive ad the result will be generated from where you can choose the files you want an they will be restored at your given location.