MRF trade ideas
MRF based on S&RAs it breached major Fib level with volume and closed above 0.236 retracement level.
RSI shows good buying strength
MACD is also showing bullish crossover
We can expect an uptrend in upcoming trading session
MRF - Short!Key support broken after violating the trendline. Bollinger band squeeze breakdown and RSI now in oversold region confirming further weakness.
MRF channelIt has been observed on weekly chart that MRF LTD has been trading within channels.
We can expect some correction in MRF below 62000
Please use this as a reference in addition to your analysis.
MRF - Positional BuyMRF is Currently hovering near its support of 62500 after a downtrend. Can go long on it after reversal confirmation in lower timeframe.
MRF Channel BreakoutMRF is on the edge of channel.
Can be a start of another HUGE leg up of 20k points.(previous leg ups were 20k each)
or break down of an year long up channel.
MRF- Buy SetupThe stock is taking support at 5.5 month trendline and has also bounced from a previous resistance zone with nice volumes. It is good buy above 71200 with a stop loss of 69000 and a target of 73800, 75600
MRF GAP MRF will fill the gap like it always does. Wait for the trade to trigger. Or it will consolidate there for sometime.
Short on MRF with divergence A weekly chart of MRF hasn't shown any considerable signs of weakness, but the daily broke the descending triangle's bottom @70976 with MACD in divergence with the price action. As marked stays above zero with weekly and monthly both the charts showing positiveness, the bearish movement might just be a correction so my target is going to be 667999. MRF
MRF Analysis...Twist of Market !!In my previous post I had mentioned about going long on MRF.
But the stock gave a false breakout and revisited the support levels before going for the ride again.
I hope this time it continues to new highs.
MRF, Head and shoulder patterYo wass up niggaz, MRF forming Head and shoulder pattern.
Trade accordingly yo
MRF - HOURLY BREAKOUTThe stock is trying to extend its rally even further and has given a hourly breakout, currently sustaining above it.
Buying may continue. Volumes are falling though. Watch the stock.
MRF BUY MPL/Action-Reaction MRF stock after a strong vertical bull run paused and it looks like ready to resume the journey again. One can go long now or on dips wherever one is comfortable with the stop loss of 49600 for target of price range 55650 - 57500. It offers good risk to reward ratio.
Falling wedge breakoutFalling wedge in rising market is a continuation pattern
Target 55400
stoploss 49520
MRF - PERFECT SHORT SETUPThe stock had earlier broken out of its channel but post few sessions I got convinced that it was a false breakout. Post poor results the stock has broken down of a descending traingle that too in a uptrending NIFTY. Likely target on the stock is 47500-48000. SL has be closing above 52000.
MRF - Fake Breakout | Range ? NSE:MRF has been trading in a range starting October and yet again reversed from highs.
If the supply zone stands good, it should go down to the previous swing low.
Otherwise, if it breaks the rectangle upside, we might see action on the long side.
SELL MRF @ 51500 - 51600 time 1 - 2 MONTHSSell MRF @ CMP 51500
With 54600 Stop Loss
Target - 45600 and 41000
Call given on 19th Dec 2016
Symmetrical Triangle breakout MRFBeautiful Symmetrical Triangle breakout offers an opportunity to buy the stock at current level.
MRF CUP AND HANDLE PATTERN ( EDUCATIONAL only )MRF chart 1 hour showing CUP n HANDLE pattern.
If the pattern is vaild, fall back a little and will shoot up from here.
TARGET = 55000
