MRF LOOKING BULLISH sentiment i draw a price action see the chart and watch how levels and chart work.
Do you trade on volatile Stock comment on comment section , and tells what is a positive and Negative point on volatile stock.
Posting here the Idea and explained the details why we should by the MRF
MRF- Buying is based on falling channel breakout, Time cycle pattern and Bollinerband expansion.
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MRF has come to a resistance level and can show short term downside here, however, any dip should be a reason to buy into this stock as the sector remains in an uptrend.
MRF LTD seems like a Rounding bottom. It's Bullish pattern and also minor trend moving in rising wedge pattern. So, Its more probability to reach Tgt 76000.
NIFTY AUTO - short-term uptrend
1. For the swing traders, it's on the short-term uptrend for all auto stock. capitalize it.
2. it may hit in a day and reverse back or in a week based on the rising wedge resistance.
3. Concentrate on M&M, MRF, Maruthi, and TIINDIA for quick running.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for...
📈 MRF Ltd. 📉
My Findings :-
1. Breakout from a Resistance which use to be a Support Earlier.
2. Close above March high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 76000
SL- 65800
RR- 1: 1.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor...
NSE:MRF
Stock ->MRF
TimeFrame -> Weekly
Hello all!
MRF has been moving in a channel since June 2016. It came back to its lower trendline in March 2022, bounced back, and is now trading near an important supply zone. If it breaks above the supply zone with good enough volumes, it'll make for a good opportunity to go long.
MRF is already getting support from...
NSE:MRF
Stock ->MRF
TimeFrame -> Weekly
Hello all!
MRF has been moving in a channel since June 2016. It came back to its lower trendline in March 2022, bounced back, and is now trading near an important supply zone. If it breaks above the supply zone with good enough volumes, it'll make for a good opportunity to go long.
MRF is already getting support from...
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...
