MRF - 8% potential moveMRF has formed a triangle pattern is high likely to give breakout / breakdown.
It would be buy above 86000 level.
It would be sell below 84000 level.
MRF trade ideas
MRF LIMITED WEEKLYMrf giving bullish breakout on weekly charts by breaking downtrend line resistance, breaking Bollinger upper band and with good number of volumes too
Cause of Long
1- Downtrend line breakout
2-Bollinger bands breakout
3- Gaining volumes
Long MRFPosting here the Idea and explained the details why we should by the MRF
MRF- Buying is based on falling channel breakout, Time cycle pattern and Bollinerband expansion.
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SHORT MRFNSE:MRF
THIS IS SHORT TERM TRADE
The stock is at resistances and also given given a signal of reversals .
The first target is 77600.
This is for educational purpose
MRF at resistanceMRF has come to a resistance level and can show short term downside here, however, any dip should be a reason to buy into this stock as the sector remains in an uptrend.
MRF LTD_ROUNDING BOTTOM BULLISHMRF LTD seems like a Rounding bottom. It's Bullish pattern and also minor trend moving in rising wedge pattern. So, Its more probability to reach Tgt 76000.
MRF - Cup and Handle breakout at 72500Good Cup and Handle breakout at 72500, for target of 74600, SL of 71900
M R F Back to FormMRF as it re enter into the minor trend support
the rally may continue further concentrate if price trading above 70553 in daily
MRF Chart Analysis !!📈 MRF Ltd. 📉
My Findings :-
1. Breakout from a Resistance which use to be a Support Earlier.
2. Close above March high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 76000
SL- 65800
RR- 1: 1.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
MRF long opportunityNSE:MRF
Stock ->MRF
TimeFrame -> Weekly
Hello all!
MRF has been moving in a channel since June 2016. It came back to its lower trendline in March 2022, bounced back, and is now trading near an important supply zone. If it breaks above the supply zone with good enough volumes, it'll make for a good opportunity to go long.
MRF is already getting support from its 200-week EMA. If it breaks above the supply zone, then there will be multiple factors that will strengthen my conviction to go long:
1) It'll start trading well above the 50-week EMA which is a good sign
2) The nearest swing high will be taken out
*NOT A CALL*
#mrf #swingtrading #ema #technicalanalysis
MRF long opportunityNSE:MRF
Stock ->MRF
TimeFrame -> Weekly
Hello all!
MRF has been moving in a channel since June 2016. It came back to its lower trendline in March 2022, bounced back, and is now trading near an important supply zone. If it breaks above the supply zone with good enough volumes, it'll make for a good opportunity to go long.
MRF is already getting support from its 200-week EMA. If it breaks above the supply zone, then there will be multiple factors that will strengthen my conviction to go long:
1) It'll start trading well above the 50-week EMA which is a good sign
2) The nearest swing high will be taken out
*NOT A CALL*
#mrf #swingtrading #ema #technicalanalysis
Swing Points in MRFHere are the Swing Levels on MRF that i have ben watching for last two months.... Are results are quite good appropriate...
#Mrf cash : Looks good above 70.100#Mrf cash -Positional call
21 April 2022
Looks good above 70,100
stoploss 68500
Target 72400-72500/7500/7800
Cmp 69714.80
MRF trading near a triangle pattern break out.The stock has been trading in a triangle pattern and has respected the levels.
If the stock breaks the triangle, a good move is expected in the stock
The stock looks quite bearish as it has been trading below its 20 ema on a daily time frame.
Support :- 64850, 62900
Resistance :- 69900, 72600
Wait for the levels, if the triangle breaks out the stock can give a nice move.
Mrfgainprofit066
High : 11/02/2021 : 98,599.95
Low : 24/03/2020 : 49,915.10
75% : 86428.73
50% : 74257.52
25% : 62086.31
MRF LONGStock will never come down to where a common retailer can afford easily, unless a stock split happens. But its at great position now.
Stock is travelling in this channel for a long time and now took support, it's great time to enter long.
Can expect 50+% profit in long.
Buy opportunityi have drawn the support and resistance line , the share price is at its support line if it shows a upmove on monday it is the right time to enter for a gain of 5000 per share as there a resistance at 70,000.
