MRF COMING OFF A ROUGH TERRAIN

Feb 24, 2019

With the price movement and the pattern confirmation one might fee that MRF might bounce back in the short term. One can slowly start nibbling in small quantities with a target of 59950/ 61250 with SL below 53000. There is a high possibility we might have caught MRF at the bottom of this downtrend.

Mar 7, 2019

Note

Made a high of 58790 yesterday and did not make a new high today. Hence exiting positions with a gain of 7% in a couple of weeks.