xclusiv_abhi
Short

MRF - PERFECT SHORT SETUP

MRF (NSE:MRF)  
NSE:MRF   MRF
41 0 3
The stock had earlier broken out of its channel but post few sessions I got convinced that it was a false breakout. Post poor results the stock has broken down of a descending traingle that too in a uptrending NIFTY             . Likely target on the stock is 47500-48000. SL has be closing above 52000.
Comment: The rally given in the stock is a good opportunity to short and keep strict SL of 52000.
Trade closed: stop reached: SL hit. Exit.
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