MRPL Long
MRPL is trading in range (consolidation) from Feb 2024 as per the daily time frame charts.
Stock is making symmetrical triangle pattern as per the charts. Stock will breakup from the long period of consolidation and is likely move up considering trend in markets and lower crude prices. Also, there is squeeze in Bollinger bands and RSI is in the buying zone.
Entry at current market price of 201
Immediate targets will be 216-220
Stop loss will be 195.
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Stock is making symmetrical triangle pattern as per the charts. Stock will breakup from the long period of consolidation and is likely move up considering trend in markets and lower crude prices. Also, there is squeeze in Bollinger bands and RSI is in the buying zone.
Entry at current market price of 201
Immediate targets will be 216-220
Stop loss will be 195.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
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