Get started

MRF

MRF: Inverted Head & Shoulders Breakout |Targets Ahead! MRF has confirmed a breakout from an Inverted Head & Shoulders pattern on the daily chart, signaling a potential bullish trend reversal. The breakout has occurred with strong volumes, adding conviction to the move. 🔍 Trade Setup: Buy Above: ₹115,579 Stop Loss: ₹111,230 (Closing Basis) Targets: 🎯 Target 1: ₹118,028 🎯 Target 2: ₹120,443 🎯 Target 3: ₹123,358 🎯 Target 4: ₹126,157 🎯 Target 5: ₹129,019 The pattern structure aligns well with Fibonacci extension levels and previous resistance zones, providing a favorable risk-to-reward ratio. 📌 Chart Highlights: Breakout above neckline with volume surge Positive RSI momentum confirming breakout strength Price sustaining above key moving averages ⚠️ Disclaimer: I am not a SEBI-registered advisor. This analysis is shared for educational and informational purposes only. Please consult your financial advisor before making any investment or trading decisions. Trade at your own risk.
NSE:MRFLong
by raigvivek
1
Viaz Tyres Ltd: On the Verge of a Major Breakout or ReversalKey Highlights: Resistance Zone (₹70-₹72): The chart shows a well-defined resistance zone marked in red. This level has been tested multiple times without a breakout, making it a critical hurdle for the stock. Ascending Trendline Support: The blue trendline indicates a steady upward movement, with the stock consistently making higher lows. This trendline is currently acting as a strong support level, near ₹63. Critical Support Level (₹53.90): A red horizontal line at ₹53.90 highlights a strong support zone. If the price breaks below the ascending trendline, this level could act as the next major support. Volume Analysis: The stock is witnessing moderate volume near the consolidation phase, indicating indecision. A spike in volume could confirm a breakout or breakdown. Potential Scenarios: Bullish Outlook: A breakout above ₹72 with strong volume could lead to a rally towards ₹85 or higher. The ascending trendline suggests a positive bias as long as the price respects this support. Bearish Outlook: A breakdown below the trendline (₹63) may push the stock towards ₹53.90, the next support zone. Failure to hold ₹53.90 could trigger further downside. Takeaway: The stock is currently consolidating between ₹65-₹72, forming a critical juncture for traders and investors. A breakout above resistance or breakdown below support levels will determine the next trend. Keep a close watch on volume for confirmation of the next move.
NSE:VIAZLong
by ayusharya_001
The Tyre King MRF Done with Upside?? Then Downside Levels hereStock is down almost -9% from it's freak trade all time high 150233 dated 17 Jan. 2024 There is only strong resistance around 145800 All other unnamed green horizontal lines could be work as short term support to bounce back and profit booking from short postions. If Green line broken down decisively then "Support becomes Resistance" theory suppose to be applied. Disclaimer: Analysis & View are personal and for the educational purposes only. Trade at your own risk. We recommend consult your financial advisors and do your own analysis before taking any trade. Profit and Losses are subject to your own risk management and constantly changing market conditions.
NSE:MRFShort
by SEBIRegistered
MRF possible Elliott wave countsHello Friends, Here we had shared possible Elliott wave counts of MRF chart, in which we can say that currently we are near to make one more top as a wave 5, so any dip could be used as an opportunity to go long with strict invalidation level of 95164, which is stoploss level of current view. Thanks I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:MRFLong
by RK_Chaarts