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MRF - FALIING WEDGE BREAKOUT

Long
MRF LTD (NSE:MRF)  
Stock-n-Shine  
NSE:MRF   MRF LTD
Wedge Support and Resistance Supply and Demand wedgebreakout Falling Wedge fallingwedgepattern fallingtrendline Supply Zone supplyandemandzones supplydemandanalytics supportandresitance priceactionanalysis
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wedgepattern supportandresistance supplyanddemand wedgebreakout fallingwedge fallingwedgepattern fallingtrendline supplyzone supplyandemandzones supplydemandanalytics supportandresitance priceactionanalysis
Hi All,

This idea is about MRF Limited

Market Cap - 54 891 Cr
Mcap/Sales - 2.18
P/E - 26.4
ROE - 13.2%
ROCE - 16.9%
Promoter Holding - 27.8%
EPS - 4907
Quick Ratio - 0.79
D/E - 0.17

Technicals

Price reversal breakout is seen on daily chart of MRF.

It continued in falling wedge pattern & then price broke out of the upper channel with heavy volume. This could signal a price reversal at this point Price has corrected almost 15% from its peak

Happy Trading,

Thanks,
Stock-n-Shine
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