MRFStock is In a falling channel possible support around 73600 breakout above channel one can buy the stock for long term trading
MRF
MRF will it cross 1 Lakh Mark. ???Heading to 107000/-
trading levels and targets marked for result movement.
Negation of the view is also marked...
MRF- All time highMRF, India's biggest tyre company has made a new "all time high" today post consolidating for 2.5-3 years. Markets are over heated for ultra short term but the risk-reward is good here.
Plus the entire auto, auto-ancillary and tyre space is in uptrend.
MRF ------------- Weekly ChartSell on Rise.............
Trends defined...........
Enjoy..................
Bearish Butterfly formation at MRF - Bearish Butterfly formation
- increased in selling formation
- Overbought level
- Price extended to upper Bollinger Band
Stop loss : 81250
1st Target : 67600 to 68850
2nd Target : 53400 to 56650
MRF taken support from trendline 1d TF MRF taken support from trendline 1d TF also make mornign star candle on daily time frame can go long ,,,
MRF Breakout Setupprice made good breakout with previous supported candle.
if we break the Green zone and made bounce than you can add the retest of this zone around 60700 rs
MRF TYRES WILL BE BACK ON ROADS....FIREWORKS SEEN IN MRF STOCK IMRF TYRES WILL BE BACK ON ROADS....FIREWORKS SEEN IN MRF STOCK IN COMING DAYS
MRFHeading towards very crucial support level.
Bulls need to defend 56000 level to start a fresh upmove.
MRF Inside Bar Bullish Set Up . Breakout Of 66800 With Bullish Setup(Candle & Volume )
Can Take it to 68300 to 69000 .
MRF Sell Setup For swing Trader !The location of trading activity. At the end of the chart, on the Upper right, we can see that the trading activity moves in the lower part of the value area, between the control and the value Low. This is uncharacteristic for an Uptrend. Additionally, the price rotations are becoming narrower, it is starting to rotate between the control and value Low. In an Uptrend, when price rotations become small and they happen in the upper part of the value area, the trend is most likely to end.
You can short MRF below 56600 Level with SL: 57450, Target: 55k,54k
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if support breaks, it's very easy to interpret this chart is only for day traders.
most expensive share of india.
5 year return 63.99%
2 year return -22.27%
promoter owned 27.77
public owner 72.23
MRF SHORT | STRONG RESISTANCE + RISING WEDGEHEY GUYS, AFTER MY ANALYSIS OVER MRF I OBSERVED THAT THERE IS SOMETHING THAT IS PUSHING THIS STOCK TO DOWNSIDE, AND SO I HAVE DECIDED TO SHORT THIS STOCK.
(Risky) Long trade on MRFMRF seems to have completed its correction and there is an opportunity to go long. The entry, SL and target (can be higher) are shown.
(This is a risky trade as MRF might make a new low before starting the up move. So if the loss is acceptable, then one can try this).
MRF range break out ?MRF Tyres seem to have formed a double top. A short below the range, or a long above can be initiated in the following sessions.
Reversal - SL 72687 - Target 77k, 81k and finally 86kIf weekly closes above 74k, with strength candle.
Waiting for CCI34 to cross 0
Momentum is still not there,
Its reversal's first signal - For Safe trade, wait til Friday to close weekly in GREEN candle.
Bullish on MRF (Long term) - Another opportunity to enterMRF has broken out of a high degree downtrend and is consolidating above the UTL (of the entire move down). Any move above the UTL (of the current consolidation) could be a good entry point for holding it till a target to new highs. This is in continuation of the previous post on MRF, in case that was missed (link attached).
The fib levels would act as support. So the up move could start from one of them or from the long term downward sloping trendlines of the downtrend.
Long term Bullish on MRFMRF seems to be correcting downwards. It could reverse from any of the Fib levels. A move above the trendline would be confirmation that the uptrend has started.
MRF: Ready to Roll Up?There are early signs of bottoming out. Awaiting confirmation before buying this one.
