Get started
Mambotrade

MRF trading near a triangle pattern break out.

MRF LTD (NSE:MRF)  
Mambotrade  
NSE:MRF   MRF LTD
Moving Averages Candlestick Analysis Chart Patterns MRF NIFTY BANKNIFTY mrfview mrftyre mrftrade niftyanalysis niftytrend niftyindia
1
0
movingaverage candlestick chartpattern mrf nifty banknifty mrfview mrftyre mrftrade niftyanalysis niftytrend niftyindia
The stock has been trading in a triangle pattern and has respected the levels.

If the stock breaks the triangle, a good move is expected in the stock

The stock looks quite bearish as it has been trading below its 20 ema on a daily time frame.

Support :- 64850, 62900
Resistance :- 69900, 72600

Wait for the levels, if the triangle breaks out the stock can give a nice move.

Related Ideas

Mambotrade
Nifty view for 20/04/22.
Mambotrade
Banknifty view for 20/04/22.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.