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This is daily chart of MRF on NSE (INDIA) which is trading at 66550. It seems to be good scrip for positional long trade based on following observations:
1. Support zone has been marked on the chart indicating multiple supports /resistances using arrows. Now, the price has come out of this support zone decisively on 2nd Nov 2018 and thus top fibre of support ...
Details on chart.
Teken/Kiju Bullish Crossover
Fwd cloud bullish crossover
Price above cloud...
Only pending is Chikou span is within cloud...once that crosses...
Recipe complete for ST bull
sell Cmp 63172
Long with the stop loss mentioned.
Entering support zone
shall remain in this range foreerver now
Multiple Tyre stocks given breakdown patterns. Expecting relative strength (i.e multiple stock in same industries giving similar patterns)to reverse trend in the strength of the industry.
Accumulate MRF between 62000-55000
MRF Outside bar at S/R zone
Entering with a strict stop loss. Will notify on the entry.
The 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The price level in a market that coincides with the 200 SMA is recognized as a major support when price is above the 200 SMA or resistance when price is below the 200 SMA level.
Why is the 200 SMA so common for traders and ...
long at Previous day high with Stop at previous day low