MRF LTDShort
The Tyre King MRF Done with Upside?? Then Downside Levels here
Stock is down almost -9% from it's freak trade all time high 150233 dated 17 Jan. 2024
There is only strong resistance around 145800
All other unnamed green horizontal lines could be work as short term support to bounce back and profit booking from short postions.
If Green line broken down decisively then "Support becomes Resistance" theory suppose to be applied.
Disclaimer: Analysis & View are personal and for the educational purposes only. Trade at your own risk. We recommend consult your financial advisors and do your own analysis before taking any trade. Profit and Losses are subject to your own risk management and constantly changing market conditions.
There is only strong resistance around 145800
All other unnamed green horizontal lines could be work as short term support to bounce back and profit booking from short postions.
If Green line broken down decisively then "Support becomes Resistance" theory suppose to be applied.
Disclaimer: Analysis & View are personal and for the educational purposes only. Trade at your own risk. We recommend consult your financial advisors and do your own analysis before taking any trade. Profit and Losses are subject to your own risk management and constantly changing market conditions.
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