MRF trade ideas
MRF Divergence A divergence is formed on the MRF with stock trading at its long term supprt but keep in mind it's Q4FY19 results are due for the next week.
Jai Hind
As strong as Sachin's batDo not forget to like, share, subscribe and yes, please press the bell icon.
Targets 60600/62120/63000/64k
Sl 57300
Regards
MRF LTD.- 65000 IS SEENMRF HAS STARTED MOVING UP.
TARGETS 61779 AND 64472.
FOR SAFE TRADING LET THE PRICE CLOSE ABOVE THE 61800 LEVEL.
STOP LOSS 57035.
MRF Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Bullish Flag Brakout : Continuation PatternMRF TYRE Buy on Pull back at 57150 With SL Below 56900 For Target 61000
Or
Buy the 1st 30 Min Range Breakout On April Fool's Day. Keeping SL as 30 Min Low or as per your Risk Management.
Falling Wedge in Formation ? And if formed and Breakout, It's time to touch 200 SMA.
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 analysts?
200 SMA is Widely followed by everyone. Markets react strongly in relation to it partially just because so many traders and analysts attach so much importance to it.
Nothing to Explain more about it, because everyone knows about 200 Sma .
Let's Look at MRF price Action Around 200 SMA . There Are Many Wild Moves In MRF TYRE LTD Around 200 SMA .
MRF TYRE LIMITED From Low of 401 In 2001 To High of 81400 in 2018. 81400 ( up by 20300% in 17 Years)
"This Dude Is the Only One Who Knows How To Use Rubber, While We Just Use and Flush"
Let's Look at the Price & 200 Sma History Since 2000 to till date.
Moderately bullish after prolonged berish moveSupport at 55680. Returned from resistance at 57610. If this level is crossed in a short time a level of 60329 can be seen.
[Positional] BalKrishna Industries and MRF Pair TradingBuy MRF
Sell Balkrishna Industries
Due to the complexity of Pair trading; set stop loss is at -20K in the setup.
MRF COMING OFF A ROUGH TERRAINWith the price movement and the pattern confirmation one might fee that MRF might bounce back in the short term. One can slowly start nibbling in small quantities with a target of 59950/ 61250 with SL below 53000. There is a high possibility we might have caught MRF at the bottom of this downtrend.
Log scale example 2 - MRF@yogi_sharma. This is another example, notice how eicher and mrf both first broke the channel and hovered around trend line and then free falled.
Enter MRF 56250-56500. Target 56950 & 57250. SL 55750. 2 sessionEnter MRF 56250-56500. Target 56950 & 57250. SL 55750. 2 sessions.
MRF Inside Bar Long TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
MRF.. the Mammoth finally slows..MRF is at at critical support of weekly 200 moving avg..and is also a support as shown by the blue line.
expect a short bounce..
Note: this is my personal view only..
