In monthly, it seems a complete elliott wave cycle is complete, and stock has bottomed out.
in weekly, we can see that, round bottom is forming and fresh impulse already started here.
https://in.tradingview.com/x/ajoxNhrd/
round bottom pattern tgt https://in.tradingview.com/x/Cu98yAKS/
so with a sl - 54, 1st tgt - 95, 2nd tgt - 151, long term tgt - 500.
In monthly, round bottom formed here.
in daily, price broke out of descending triangle consolidation with increasing volume.
https://in.tradingview.com/x/4RgLXHC1/
with sl - 188, 1st tgt - 352, 2nd tgt - 570, long term tgt - 790
in monthly, round bottom forming here, neckline at 50-55 zone. breakout will confirm the pattern.
also in monthly, price is sustaining above middle BB, and recently price closed above upper BB and BB is expanding.
https://in.tradingview.com/x/IuGbj99j/
sl - 29, 1st tgt - 80, 2nd tgt - 110, long term tgt - 140
in monthly, round bottom pattern forming here, neckline comes around 600-610 level, after successful breakout 1000 is the pattern tgt.
so 1st tgt - 600, 2nd tgt - 1000, long term tgt - 1800.
so whole sector can be a 4/5 baggar in the next 8-10 years.
in weekly, symmetrical triangle formed and breakout happened with high volume, now trying to retest the broken trend line support,
in longer time period, it has formed round bottom and breakout already happened here.
https://in.tradingview.com/x/1ydt8TAG/
with sl - 255, 1st tgt - 418, final tgt - 445
In weekly, double bottom formed then breakout happened above neckline, also round bottom formation is in progress,
also candles are pushing the upper BB upward and BB is expanding https://in.tradingview.com/x/klyDtj5n/
with a sl - 93, 1st tgt - 132, 2nd tgt - 168, long term tgt - 229
MRF has formed rounding bottom pattern on weekly chart and yesterday stock managed to closed above previous swing high. Expect this momentum to continue in MRF along with other tyre stocks.
