Support zone for MRFMRF going to be long from here , and the new target will open till 170,000. obviously it will take time but investor loves time consumption...
MRF trade ideas
MRF - Weekly EW Analysis - Long Set-up5 Wave down in C of 4 done. We should head up to ATH in 5.
Low risk trade for 130k and trail to 150-160k.
MRF - Weekly EW Analysis - Long Set-up5 Wave down in C of 4 seems done.
If not entire 4, maybe a larger W down in 4 done and a larger X to unfold.
Can play for 1,30,000 in X and ATH in 5.
MRF Support & Resistance levels MRF Limited Overview and Current Market Levels
MRF Limited, India's largest tyre manufacturer, is a renowned multinational with a diverse product portfolio that includes tyres, tubes, conveyor belts, paints, and toys. It is recognized globally for its innovation and high-quality products, with a strong market presence both in India and internationally
Current Market Levels and Technical Outlook
As of mid-December 2024, MRF's stock price is trading near ₹133,235. Immediate support levels are identified at ₹125,864 and ₹121,093. On the resistance side, the key levels to watch are ₹133,803 and ₹136,971. If the stock breaks below its immediate support, a sharp decline towards ₹117,925 could occur. Conversely, a breakout above ₹136,971 could push the stock towards its 52-week high of ₹151,445
MRF LTDMRF Ltd. is currently forming a symmetrical triangle pattern, indicating potential volatility as it approaches a breakout. This pattern shows the stock consolidating with a series of higher lows and lower highs. The support and resistance levels marked on the chart demonstrate the boundaries of this consolidation phase.
If the stock breaks above the upper resistance level, it could lead to a strong upward movement, with a target of ₹128,157. However, if it breaches the lower support, it might indicate a downward trend toward ₹118,000.
This setup suggests a high-probability trading opportunity in either direction, depending on the breakout. As always, traders should combine this analysis with additional indicators and risk management strategies before entering a trade.
MRF // level // 1d"Welcome to SkyTradingZone "
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For MRF Limited (NSE: MRF) on a daily timeframe, here are some key levels to watch:
looking good today
Support Levels: Around ₹130,000 and ₹132,0001.
Resistance Levels: Around ₹138,000 and ₹140,000
MRF Gears Up with Cup & Handle Formation!
MRF Gears Up with Cup & Handle Formation!
MRF forms a Cup and Handle pattern, with the stock trading above its 20 DMA.
The volume shows an uptick adding strength to the move
RSI hovering around 60 indicates positive momentum
#MRF
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.
On the verge of breakout MRFStock has been analyzed based on my trendline analysis. Please note that levels given are for training and educational purpose only. Please do consult your financial advisor before investing in the stock
MRF - BOOMBUY MRF NOW - It will catch up a rally and make a bold move of Rs. 70K in a few months.
I am not SEBI registered. Analyze and invest.
I would suggest a strong BUY.
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
MRF trying to gain momentumThe price surged from a crucial support level with good volume, showing the formation of a strong base pattern. Price closing above 20-50-200 sma's. No buy recommendation, but this price level appears favourable for considering fresh buying and further pyramiding if the price starts progressing further.
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.
MRF Gearing up for a big move The stock is in consolidating Phase , and we can accumulate at this levels and wait for breakouts soon
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.
MRF at the Top, awaiting cooldownMRF at the Top, awaiting cooldown.
MRF has given consistent performance and given almost 100% return from my previous post on it. Since it seems to be on the upper end of the short term channel expecting some correction in it with the levels of 128600-121620-116800 . Also Depends on the overall market conditions.
No recommendations, just my view based on chart pattern.
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
mrfstrong breakout on weekly chart
expect support at 107000-101000 areas
with this , dip could be an opportunity to participate in the current trend
WHEELSafter a brief sideways consolidation, looks like we are going to have a breakout, good volume.
Shows its strength with forward breakout tendencyShows its strength with forward breakout tendency. trade on either breakout or fakeout.
high risk
Stop loss and hedge must.
Mrf looking good for 111111 tar stops 93500Mrf trading in upper channel likely to test 111111 tar, low risk traders can long 98000 call qt 1200 for tar 12000 stops 350
SellSell around 84350 stop loss 87460 target 78700.
Disc : It's not a recommendation to buy or sell.
Short MRF target 104000 (4%)MRF moving within parellel channel; probably going to reverse back after touching the upper limit of the channel;
Target 1 .. 104000 .. approx 4 percent by Sep end. Further targets of 102000; 100,000 possible by Sep-Oct
