MRF BEARISH WITH VOLUME - TGT 127000- 124000 04.05.2024MRF is turning bearish with following technical reasons
1. RSI on daily crossed below 40
2. Price crossed below 20 SMA Daily with huge volume
3. Bearish Marubozu Candle on daily chart with high volume
4. Price trading below 20 SMA (weekly) for last 4 weeks
5. Super trend is continuously bearish on