MRF
MRF: Will The Support Hold or ..After a massive rally, price has gotten into a correction recently. What the price does at the current support line would be a key development to monitor. If there is a bounce from support, the next question is, will the price clear the resistance at the red line.
The answer to these two questions would provide clue about the near term trend for the stock. Time to be cautious is my take for now. Let's wait for a few days to see what transpires.
Continue holding longs in MRFMRF is not giving any signs of reversal. One can continue holding this stock till we get the start of a corrective move.
Other tyre stocks like CEAT and Apollo Tyres as posted earlier (check the attached links) can be continued to be held (till any visible reversal signs).