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MRF Inside bar at S/R zone.
Go long if it crosses high of inside bar.
Short if it crosses below low of inside bar.
MRF is back to break its previous highs and ready to make new highs
targets on chart
what do you think My analysis Is Right Or Wrong?
i am bearsih on the stock and would like to go short with proper stop loss and entry and exit levels /.
This is just for educational purpose
Buy Above Only
MRF CAN SLIDE TO 65 K IN NEAR TERMS
Buy ABove Only
It has been observed on weekly chart that MRF LTD has been trading within channels.
We can expect some correction in MRF below 62000
Please use this as a reference in addition to your analysis.
Look for Short Term Long Play!
MRF is on the edge of channel.
Can be a start of another HUGE leg up of 20k points.(previous leg ups were 20k each)
or break down of an year long up channel.