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. Longby Equity-EarningzUpdated 223
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.Longby sabyasachi_nath1
[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.by Amit_GhoshUpdated 3313
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.Longby thechama3Updated 0
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.Educationby French_Fries114
Enter MRF 56250-56500. Target 56950 & 57250. SL 55750. 2 sessionEnter MRF 56250-56500. Target 56950 & 57250. SL 55750. 2 sessions.Longby gale_inUpdated 0
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.Longby unofficed7
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..Educationby mklives0
Long MRF with a SL of 59400Buy MRF with a target of 60800 with a SL of 59400. Adjust your volumes as per entry price. Avoid taking the trade if it opens above 60400. Disclaimer : All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.Longby thechama3Updated 0
MRF 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.Longby unofficed5
BullishMRF: Strong resistance at 70, 250. Short term target 66,500, long term support at 60,000. Please inform the board when it crosses 70,250 on closing basis. If it then remains bullish, 6-9 month target can beas high as 90,000Longby sabyasachi_nath2
MRF: Wonderful Breakout & Retest, Wyckoff Supply AbsorptionCheck out the price action along with the volume signature in the highlighted zone in the chart. The breakout on slightly higher volume and then the retest on even higher volume was an interesting development. The subsequent price action is a characteristic sign of absorption of supply while the price was congesting. I am long in this stock and would not be surprised with a rally to the levels mentioned in the chart. NOTE: Even at the cost of sounding repetitive, these are just #NotesToSelf . Am sharing it in the hope that you might find it interesting and may be pick up a clue or two regarding chart reading. These are not meant to be trading recommendationsLongby techtrail0