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MRF LTD.

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MRF trade ideas

MRF Stock (Daily Timeframe) : Falling Wedge Pattern Pattern: Falling Wedge Stock: MRF Timeframe: Daily Status: Pattern yet to break Pattern Characteristics: A falling wedge occurs when the price is making lower highs and lower lows, but the distance between the lows and highs is narrowing. This indicates that bearish momentum is weakening, and a potential breakout to the upside could occur. Key Observations: Support Trendline: The stock has been respecting a descending support trendline. Resistance Trendline: The stock has been making lower highs, respecting a downward sloping resistance line. Volume: Watch for decreasing volume within the wedge. A breakout with a spike in volume could confirm the pattern. Possible Breakout Scenarios: 1) Bullish Breakout: If the stock breaks above the resistance trendline, it signals a potential bullish trend. Set your resistance targets based on previous highs and Fibonacci levels for potential profit targets. 2) Failed Breakout: If the breakout fails or the stock breaks below the support trendline, it may indicate further downside. Trading Strategy: Entry: Consider entering the trade once the stock price closes above the resistance with volume confirmation. Stop Loss: Place a stop loss below the recent low to protect against a false breakout. Target: Set profit targets near resistance levels or Fibonacci retracement levels.
NSE:MRF
by TechnoTrader10
MRF - FALIING WEDGE BREAKOUTHi All, This idea is about MRF Limited Market Cap - 54 891 Cr Mcap/Sales - 2.18 P/E - 26.4 ROE - 13.2% ROCE - 16.9% Promoter Holding - 27.8% EPS - 4907 Quick Ratio - 0.79 D/E - 0.17 Technicals Price reversal breakout is seen on daily chart of MRF. It continued in falling wedge pattern & then price broke out of the upper channel with heavy volume. This could signal a price reversal at this point Price has corrected almost 15% from its peak Happy Trading, Thanks, Stock-n-Shine
NSE:MRFLong
by Stock-n-Shine
MRF BEARISH WITH VOLUME - TGT 127000- 124000 04.05.2024MRF is turning bearish with following technical reasons 1. RSI on daily crossed below 40 2. Price crossed below 20 SMA Daily with huge volume 3. Bearish Marubozu Candle on daily chart with high volume 4. Price trading below 20 SMA (weekly) for last 4 weeks 5. Super trend is continuously bearish on daily chart and now minor super trend support on weekly is at 127700 levels Can be a good risk reward with Short near 129000 and with stop loss at 130000 for 127000-124000 Lets see How it evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:MRFShort
by rajivrajeev
1
The Tyre King MRF Done with Upside?? Then Downside Levels hereStock is down almost -9% from it's freak trade all time high 150233 dated 17 Jan. 2024 There is only strong resistance around 145800 All other unnamed green horizontal lines could be work as short term support to bounce back and profit booking from short postions. If Green line broken down decisively then "Support becomes Resistance" theory suppose to be applied. Disclaimer: Analysis & View are personal and for the educational purposes only. Trade at your own risk. We recommend consult your financial advisors and do your own analysis before taking any trade. Profit and Losses are subject to your own risk management and constantly changing market conditions.
NSE:MRFShort
by SEBIRegistered
Is the Giant Waking Up?Every trade is based on a few questions. If the answer is satisfactory. The trade is worth it. Reason for Trade: - MRF is taking support from a multiyear trendline . - Confluence of support between multi year trendline and last breakour falling trendline retest - Weekly RSI has cooled down and remains above 30 - Reversal candlestick pattern formation - Morning Star (This weeks candle stick to confirm) - Volume spurt in last weeks closing / Highest Volume in past 15 weeks. Risk : - Entry at current price - Risk is High - as reversal pattern still forming - If there is a bullish candlestick close for the week. Addition to be done once the high of the current bullish candle is taken out on Daily closing - Risk will be medium - Entry post crossing of 0.5 Fib levels i.e. 76950 - Risk will be low due to multiple reversal confirmations / Riding the trend from the middle Please analyze as per your risk profile before taking any trade. Note - Every trade is a probability. The golden rule is to keep your Risk to reward in check
NSE:MRFLong
by sushanttaneja