1. RSI Weekly and Daily divergence structure
2. Support of previous resistance and current support which is between 80000-84500 zone
3. if the support is breaks 80000 then we can probably see 74142 range
4. Currently at 50 DMA support zone
Go long around 90,000
Target 1 - 93,300
Target 2 - 97,800
Stop loss - 88,600
Decrease in selling volume along with demand candles visible.
Kindly like and provide your support. Feedbacks are welcome.
NSE:CNXAUTO
if know such skill then you can get perfect sector at right time to invest in and same way if you know such skill that will help you to disinvestment in same sector at right time , as right time entry is most important in such stocks( sectors) same way right time exit or partial booking profit also must required. keep earning keep learning.
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NSE:MRF
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
I will look at buying MRF because :
It has broken its resistance 81808 after 2 years .
It can show a upward movement .
Entry : 82149
Target : 89894/97525
Stop loss : 73607
nocil : after 3 month consolidation
stock SEEM to set for a QUICK run
to 170 /175 area
stop loss 134/137 area seem safe
after it sustain there
it is possible to kiss 190 area tooo
to cross 200 , ideally should take some consolidation
So guys, MRF has made a very beautiful symmetrical triangle pattern and Tomorrow candles are going to show where they want to go mor chances to go down but we trade as per the rules breakout pullback and enter and RRR SHOULD BE 1:2 or 1:3 ✨💥💥
Symmetrical triangle formation , If breakdown then ignore
Big volume , RSI is already uptrend
Wait for the perfect breakout and retracement
Target is based on the resistance
LOT SIZE = 10
pure Price Action Analysis
FOLLOW FOLLOW FOLLOW
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