FLAG PATTERNMRF is showing a FLAG PATTERN; wait for a decisive close above the range on high volume. Target can be placed as shown in the image with green dotted line or at a distance which is equal to length of poleLongby ykrathore130
LONG in MRF on NSE (INDIA)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 should act as good support for the scrip. 2. Price is now trading above EMA20 3. Next major resistance has been marked on the chart which could be considered as possible Target (73200). 4. RSI (59+) is approaching to indicate possible breakout beyond 60 indicating good momentum. 5. Good momentum can also be witnessed on Bollinger Band where price has gone past upper band for the first time since January 2018 Hence, it could be a good long trade with stop @ 63500 (one ATR below top fibre of support zone) with possible target of 73200 (next major resistance) Happy trading!!! Kindly share views Longby DEVERAMA1
Ready to RollTeken/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 bullEducationby kamy4profitUpdated 0
Multiple tyre stocks given breakdown patternsMultiple 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. Shortby AyushDarla0
MRF buy setup for long term positional trade (good risk reward)Accumulate MRF between 62000-55000 T1: 81000 T2: 100000 SL: 47500Longby k314Updated 10
MRF TYRES & IT'S WILD MOVES AROUND 200 SMAThe 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 Look at the Price & 200 Sma History Since 2000 to till date. 2015-2016 2013-2014 2011-2012 2009 2007-2008 2005-2006 2004-2005 2003-2004 2001-2002-2003 Educationby Equity-Earningz1
MRF Inside bar at S/R zoneMRF Inside bar at S/R zone. Go long if it crosses high of inside bar. Short if it crosses below low of inside bar. by VishnuTalankiUpdated 3
MRF - Continuing its bull runNSE:MRF is on bull run and continuing to break its previous highs Go long above 81402.50 T1 - 83330 T2 = 85428.10 SL - 79635.15Longby Trading-wiseUpdated 2210
MRF Weeky chart study MRF is back to break its previous highs and ready to make new highs by mettuvinodyadav0