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MRF

MRF long opportunityNSE: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 its 200-week EMA. If it breaks above the supply zone, then there will be multiple factors that will strengthen my conviction to go long: 1) It'll start trading well above the 50-week EMA which is a good sign 2) The nearest swing high will be taken out *NOT A CALL* #mrf #swingtrading #ema #technicalanalysis
NSE:MRFLong
by Traders_Town
1
MRF long opportunityNSE: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 its 200-week EMA. If it breaks above the supply zone, then there will be multiple factors that will strengthen my conviction to go long: 1) It'll start trading well above the 50-week EMA which is a good sign 2) The nearest swing high will be taken out *NOT A CALL* #mrf #swingtrading #ema #technicalanalysis
NSE:MRFLong
by Traders_Town
MRF LongI hope you can now see how MRF represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:MRFLong
by EntryandExit