MRF looks bearing MRF is bearish.
Operating within bound range.
Downward moment should continue till somewhere around approx 66000.
RSI is also currently downward.
Disclaimer: This is only for educational purpose.
MRF trade ideas
MRF --- DOWN TRENDI did not upload the last movement of MRF but now
CORRECTION is going on in MRF so you can BUY put option in MRF and relax...
this is known as irregular correction bcz wave has moved beyond wave B so it can give an awsm dip
BUY @ bottom ... donr wry I will notify @ bottom
MRF swing trade ideaA falling wedge pattern is being formed with stochasticrsi divergence and macd crossover, volume is above average, a break above 83650 will be a good buy signal and if it breaks above 90300 it can be held for a further target of 96700.
MRF is at crucial supportLogic
1) Very crucial support formed on chart, (earlier it acted as a resistance)
2) Rounding Bottom formation (denoted by yellow dotted curve) breakout happened and now it is testing its breakout. (I am slightly bullish due to rounding bottom formation)
3) Stock is in a strong up trend
My view is strong bullish keeping eye on it for any buying opportunity.
MRF - Short term tradingGo long around 90,000
Target 1 - 93,300
Target 2 - 97,800
Stop loss - 88,600
Decrease in selling volume along with demand candles visible.
Kindly like and provide your support. Feedbacks are welcome.
MRFNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
[Positional] MRF Swing Buy BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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MRF - good above 85250MRF shows good resistance at 80800-81000.
According to me it's a good buy above 85,250 for target of 90,000.
This is just my analysis. Kindly let me know if it's good.
Not responsible for any trades.
Thank you 😊
MRF at good levels for accumulationMRF is close to support zone on day chart. One can go long from here, investors can accumulate here and buy more on dips. NSE:MRF
MRF Swing View MRF coming days probable movement :
1. Can complete H&S pattern and bounce back.
2. Retest breakout level and bounce back.
3. May breakdown if sustains below 80000(less probable though)
MRFNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
long MRFMRF
Again at good buy level
Positive reversal
good volume
Broken cup and handle pattern hourly
