MRF trade ideas
Mrf in Descending Channel.. Mrf in Descending Channel.. keep a eye on it as it is in trending in channel as the price of the share is quite high very few traders would be trading in it.take move according to the breakout
Long MRFTrade taken based on the triangle breakout, Can keep SL below the trendline at 59000 target can be 640000 or above. Take the trade once the 1hr candle stick complete and stays above the trend line.
MRF Trading SetupAll charts are purely for educational and information purpose only. Invest or Trade at your own risk.
MRFMRF next support levels are 56045, 54801, 51760, 47612, 40562, 35033 and resistance levels are 61022, 63095 & 66551
MRFevery auto ancillary specially tyre stocks were beaten down in last 2-3 years except MRF. keep it in watchlist and buy it around 32000. in this madness, you think of a price & it comes.
MRF going down - Target to Support area.Trendline has been broken, it will go down further to support area.
More than 2700 points profit.
Next move I am looking there will one more down move before deciding the next direction
One can look for trading in futures with your own Method of entry and exit
Good luck
