High probability stock will take pull back from the support area. Can take entry after the BO of TL for the target price of 1 LAC.
Keep the stock in your watch list.
MRF: The counter is set to become the first company to kiss 1 lac figure/ share
the counter is in a visible uptrend and has strong support at 93000-94000 ZONE
and as long as it holds support areas, it is likely to move beyond 1.10 L
📈 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...
The stock has been trading in a triangle pattern and has respected the levels.
If the stock breaks the triangle, a good move is expected in the stock
The stock looks quite bearish as it has been trading below its 20 ema on a daily time frame.
Support :- 64850, 62900
Resistance :- 69900, 72600
Wait for the levels, if the triangle breaks out the stock can give a...
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...
MRF is showing strength. Downtrend has clearly reversed for it, daily RSI above 60.
Buy above 85500 with stop loss @ 82800.
Next resistance is at 90K levels.
MRF TYRE Buy on Pull back at 57150 With SL Below 56900 For Target 61000
Or
Buy the 1st 30 Min Range Breakout On April Fool's Day. Keeping SL as 30 Min Low or as per your Risk Management.
Falling Wedge in Formation ? And if formed and Breakout, It's time to touch 200 SMA.
The 200 simple moving average ( SMA ) is considered a key indicator by traders and...
