nitin495

band contraction+TrendLines

NSE:MRF   MRF LTD
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This is simple setup for MRF usinf trend lines and band contraction.

Comments

There is a triangle breakout happen in past, also up move can be notice with slant resistance lines, the breakout happen with good volume.RSI is also making higher lows. The 2 straight resistance lines can be target. The text of target get little lower don't get confused.I am new to market so I am just analyzing the patterns which happen in past. This chart is only for study.
If you like this simple chart please like it.
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