MRF TYRES WILL BE BACK ON ROADS....FIREWORKS SEEN IN MRF STOCK IN COMING DAYS
Heading towards very crucial support level. Bulls need to defend 56000 level to start a fresh upmove.
Breakout Of 66800 With Bullish Setup(Candle & Volume ) Can Take it to 68300 to 69000 .
The location of trading activity. At the end of the chart, on the Upper right, we can see that the trading activity moves in the lower part of the value area, between the control and the value Low. This is uncharacteristic for an Uptrend. Additionally, the price rotations are becoming narrower, it is starting to rotate between the control and value Low. In an...
this chart is only for day traders. most expensive share of india. 5 year return 63.99% 2 year return -22.27% promoter owned 27.77 public owner 72.23
Current levels may reach near 65k or if it breaches may go max level at 70-72k Volume also very low at right shoulder as compared to left shoulder ..... IN future monthly chart suggest a Short as supported with head and shoulder formation .... Neckline is bit slant So possible outcome in future if price breaks 50k level in future ...target price may reach around...
MRF - Bearish Bias - Can Short at current levels
MRF View MRF still looks Bullish , Unless the price breaks down below 64000 range. Upside move it may go to 70000 ,72000 & 74000 Zone to be look for price action is between 67000 & 68000.
Long MRF as the market is looking bullish am looking for some clean breakout stocks which can give 1:3 RR trade MRF broke weekly resistance and this week it closed above it.
MRF HAS GIVEN BULLISH GOLDEN CROSS AFTER ONE YEAR OF DEATH CROSS AND TOOOK SUPPORT FROM PREVIOUS MULTI WEEK RESISTANCE .. IT CAN TAKE OUT NEW HIGHS IN NEXT YEAR
HEY GUYS, AFTER MY ANALYSIS OVER MRF I OBSERVED THAT THERE IS SOMETHING THAT IS PUSHING THIS STOCK TO DOWNSIDE, AND SO I HAVE DECIDED TO SHORT THIS STOCK.
MRF seems to have completed its correction and there is an opportunity to go long. The entry, SL and target (can be higher) are shown. (This is a risky trade as MRF might make a new low before starting the up move. So if the loss is acceptable, then one can try this).
MRF seems to be correcting and this could be a bear flag continuation of the fall. R:R is good for short here. but will wait for the breakout of flag.