MRF Ltd. – High Potential Trade Setup & Market Analysis🚀 MRF Ltd. – Monthly Chart Analysis 📊
🔍 Key Observations:
📌 Current Price: ₹107,202.95 📉
The stock is down almost 67% from all time high
📌 Trade Setup:
🎯 Target Price: ₹151,110.25 (+60.72%)
⚠️ Stop Loss: ₹83,228.20 (-11.46%)
💡 Risk/Reward Ratio: 5.3 (Highly favorable setup!)
📌 Best Buying Range:
📍 Highlighted Zone: ₹91,230 - ₹94,060 (Perfect Accumulation Area)
🔥 Golden Opportunity for Smart Investors!
📌 Technical Structure:
📈 Uptrend Potential: If the price holds above ₹98,100, it could shoot up towards ₹151,110! 🚀
🛑 Strong Support Levels: ₹91,230 & ₹83,228 (Stop-Loss Zone)
📊 Key Resistance Levels: ₹107,200 & ₹151,110 (Breakout Zones)
📌 Market Sentiment:
📢 Stock is trading near a crucial buying zone!
🔥 A bullish breakout could lead to new all-time highs! 🚀
❗ If it falls below ₹91,230, expect a bearish reversal.
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🎯 Conclusion & Strategy:
✅ For Long-Term Investors:
💰 Buying near the best buying range (~₹91,230 - ₹94,060) could be a smart wealth-building strategy!
✅ For Swing Traders:
📊 Entry confirmation is needed with strong volume & momentum indicators.
✅ For Risk Management:
⚠️ A strict stop-loss of ₹83,228 is a must to protect capital!
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🚨 Disclaimer: I am NOT a SEBI-registered adviser. All levels & price targets are for educational purposes only. 📢 Stock market investments carry risks! Please do your own research or consult a SEBI-registered financial expert before making any investment decisions. ,👍up if you really like this idea.
📌 Trade Safe & Stay Profitable! 💹✨