MRF - FALIING WEDGE BREAKOUT
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
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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