📈 MRF Ltd. 📉
My Findings :-
1. Breakout from a Resistance which use to be a Support Earlier.
2. Close above March high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 76000
SL- 65800
RR- 1: 1.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor...
I 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...
