Equity-Earningz
Long

Bullish Flag Brakout : Continuation Pattern

MRF (NSE:MRF)  
NSE:MRF   MRF
MRF TYRE Buy on Pull back at 57150 With SL Below 56900 For Target 61000
Or
Buy the 1st 30 Min Range Breakout On April Fool's Day. Keeping SL as 30 Min Low or as per your Risk Management.

Falling Wedge in Formation ? And if formed and Breakout, It's time to touch 200 SMA .


The 200 simple moving average ( SMA ) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The price level in a market that coincides with the 200 SMA is recognized as a major support when price is above the 200 SMA or resistance when price is below the 200 SMA level.

Why is the 200 SMA so common for traders and analysts?
200 SMA is Widely followed by everyone. Markets react strongly in relation to it partially just because so many traders and analysts attach so much importance to it.

Nothing to Explain more about it, because everyone knows about 200 Sma .
Let's Look at MRF price Action Around 200 SMA . There Are Many Wild Moves In MRF TYRE LTD Around 200 SMA .
MRF TYRE LIMITED From Low of 401 In 2001 To High of 81400 in 2018. 81400 ( up by 20300% in 17 Years)
"This Dude Is the Only One Who Knows How To Use Rubber, While We Just Use and Flush"

Let's Look at the Price & 200 Sma History Since 2000 to till date.
Mar 29
Comment: Typo in SL*
MRF TYRE Buy on Pull back at 57150 With SL Below 55900*** For Target 61000
Or
Buy the 1st 30 Min Range Breakout On April Fool's Day. Keeping SL as 30 Min Low or as per your Risk Management.
Mar 31
Trade active: Taking Buy Entry on 30 Min Range Breakout.

Apr 01
Comment: MRF is in a hurry for reaching 61000

cmp 60650
Apr 01
Comment:
Apr 01
Comment: MRF High of the day is 60689 And Closed at 60164

Trail Stop-loss to entry Price i.e 58585.
Apr 02
Trade closed: target reached: When we Trade with 1: 4 RR we need only 20% Accuracy to reach at Breakeven.

Excellent worked.
Reply
Equity-Earningz Kinnari_Prajapati
@Kinnari_Prajapati, Thank you !
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out