MRF Breakout Swing CandidateChart Analysis :
The stock has broken out above the all time high resistance and major psychological level of 150000 and is sustaining above the zone. A long position can be considered around 156500 zone.
Key Levels :
Entry : 156350-156500
Targets : 160000/163170
Stop-Loss : 152500 below day tf close
Disclaimer:
I am not SEBI registered. This analysis is for educational purposes only and not investment advice. Please do your own research before trading or investing.
MRF
MRF - BEARISH SETUP (DAILY TIMEFRAME) DOUBLE TOPA double top pattern is a bearish reversal pattern that can be observed on a stock's price chart after an uptrend. It signals that the upward trend may be losing momentum and that a downtrend could be imminent.
Please sell if your setup agrees too - I will sell if 1,45,000 Levels is broken Your Boost and like will remind me to sell so please keep supporting so that this post reminds me to sell MRF at 1.45K levels
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,
Channel breakout in MRFMRF gave a channel breakout after almost a year. This has been backed up with volume and RSI breakout.
Although a test and validation of the channel upper line as support will be a better idea to enter for a trade, because on the weekly timeframe, RSI is reaching the overbought zone.
There is still space left for a good run till upper targets of 141885, 142713 as T1 range, 147990 as T2 and 151445 as T3
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 highlight
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
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
NIFTY AUTO - short term uptrendNIFTY 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 educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for m























