With the price movement and the pattern confirmation one might fee that MRF might bounce back in the short term. One can slowly start nibbling in small quantities with a target of 59950/ 61250 with SL below 53000. There is a high possibility we might have caught MRF at the bottom of this downtrend.
Buy MRF with a target of 60800 with a SL of 59400. Adjust your volumes as per entry price. Avoid taking the trade if it opens above 60400.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors...