MRF trade ideas
#MRF interesting #MRF #123 pattern,#Fibextension #abc pattern take your pick. Keep an eye on 69600 for sl
MRF - Double top Pattern - 1st Target 57532There is formation of a double top pattern in a daily time frame chart following major resistance 61143. The exhaustion in bulls is further supported by a double top formation around 72 levels in the RSI indicator. This pattern will get more firm with the consecutive bearish candles below the uptrend resistance line. Therefore, the first target is 57532 and the second target 54816.
MRF - Bearish Harmonic GartleyIt has reversed from a bearish Gartley PRZ in daily time frame. As per Ichimoku study a retest of Kijun/Kumo appears possible which coincides with the Harmonic Trading Pattern retrace expectations (56000-55500). The view would go wrong if it sustains above 58900 on closing basis.
mrf to gya i hardly plot harmonic,its for those who like harmonic,as per time and price its a sell from this friday .
Sell in FuturesOne can look for short selling in Future contract after you see reversal in 2 Hour time frame
and look to book near the forecast
