MRF trade ideas

Aravind_Balachandran

The stock is in consolidating Phase , and we can accumulate at this levels and wait for breakouts soon

NiftyLevels

Stock 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...

viki9

MRF 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.

sushanttaneja Updated 

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...

pratik2358

strong breakout on weekly chart expect support at 107000-101000 areas with this , dip could be an opportunity to participate in the current trend

dalalstreetguy

after a brief sideways consolidation, looks like we are going to have a breakout, good volume.

FreeStockology Updated 

Shows its strength with forward breakout tendency. trade on either breakout or fakeout. high risk Stop loss and hedge must.

sneh1985 Updated 

Mrf trading in upper channel likely to test 111111 tar, low risk traders can long 98000 call qt 1200 for tar 12000 stops 350

TukkaNomist Updated 

Sell around 84350 stop loss 87460 target 78700. Disc : It's not a recommendation to buy or sell.

swarajhanspal

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

JatinManani

In the Weekly Chart of MRF , we can see that; after Cup & Handle Breakout, it has given Trendline breakout. Let it retest then with SL and Target

krishnasharma2000

kindly see the levels on the chart and also read the text carefully trade on your own risk

Tech_stock_trader Updated 

High probability stock will take pull back from the support area. Can take entry after the BO of TL for the target price of 1 LAC. Keep the stock in your watch list.

Nimble_Pesos Updated 

Strong flag and pole pattern and business growing steadily Target of 1.05-1.10-1.20lac SL 94000

VR_Securities

MRF is bullish on higher timeframe. 5 monthly price is challenged bollinger band Monthly price is challenged bollinger band and RSI is above 60 Weekly price is challenged bollinger band and RSI is above 6o. Daily price is challenged bollinger band and MACD has given uptice, RSI is reverse from level 60 and ADX is strong. Volume is good. Stock is ready for 5th...

SYAM1234

Mrf making a cup and handle and is ready to breakout

RK_Charts

Hello Friends, Here we had shared possible Elliott wave counts of MRF chart, in which we can say that currently we are near to make one more top as a wave 5, so any dip could be used as an opportunity to go long with strict invalidation level of 95164, which is stoploss level of current view. Thanks I am not sebi registered analyst. My studies are for...

movaliyanita9

Mrf is making bullish flag in 15,30 minutes time frame