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 ✨💥💥
MRF may breakout or breakdown from current pattern
JKTYRE READY FOR INVESTMENT FOR UPSIDE LEVELS OF 85-99-120 IN NEXT 8-12 MONTHS VOLUMES ARE REALLY GOOD AND CAN SEE GOOD UPSIDE IN NEAR FUTURE
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 LIKE LIKE LIKE COMMENT COMMENT COMMENT
NSE:MRF one can book long in parts and one can fresh short if find reversal .
NSE:MRF disinvestment or short at PRZ if find reversal der one can long till that PRZ as per their trade setup
MRF looks to be trading in a rising channel. Currently the stock is at the support line of the channel. It can go towards the recent high around 67500 & further towards the channel resistance line around 73000. Can be bought with a stop below 60000.
MRF will go down and the nup according to elliott wave
All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Trendline has been broken, it will go down further to support area. More than 2700 points profit.
logic 1) sector is up 2) expectation from budget is high 3)
A divergence is formed on the MRF with stock trading at its long term supprt but keep in mind it's Q4FY19 results are due for the next week. Jai Hind