MRF has shown SIGNS of UPTREND hey guys ,
all of the traders were waiting from a long time to find a good swing trade for the stock - MRF
now the time has came ,
and MRF has crossed it's resistance ,
From a LONG time ,
MRF was facing resistance,
from the upper trendline ( WHICH I HAVE DRAWN )
and now this stock has crossed it's resistance .
and taken support
therefore, from my opinion ,
you can buy this stock and earn high returns ,
i have marked the TARGET AND STOP LOSS for y'all,
YOU ALL CAN ZOOM IN ,
AND THEN YOU CAN SEE THAT
THIS STOCK HAS MADE A BEAUTIFUL GREEN CANDLE
WHICH MOTIVATE US TO BUY THIS STOCK,
BUT PLS GUYS , CONSIDER THE GLOBAL MARKET SITUATIONS
1. INFLATION
2. WAR
3. RISING BANK RATES
AFTER CONSIDERING THESE SITUATIONS
YOU CAN BET ON THIS STOCK
😀😀
MRF trade ideas
MRF | Get an impulse to the upside.When it comes to the technical analysis of MRF, you might get an impulse to the upside. Based on my technical analysis , there aren't many resistances till the Target 1. If it breaks, you may target for Target 1& Target 2. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which is a good support area . And also don't forget to place the stop just below the entry area.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
mrfMRF is a limited company, incorporated on November 05, 1960 in India, whose shares are publicly traded. MRF’s origin traces back to the humble shack in Madras that housed its first makeshift toy balloon manufacturing unit set up by KM Mammen Mappillai in 1946. It was not until 1952 when it changed course and turned to tread rubber manufacturing. Thus began its glorious reign as the undisputed leader in the tyre making industry.
By the early 60’s, MRF was exporting its quality tyres to offices overseas in multiple countries and soon its presence was known globally in different countries - with tyres rolling out of various facilities built across large acres, many strong dealer networks and in many different offices.
MRF’s passion for motorsports is seen through its involvement in racing, karting, rallying and various other motorsport events. Its rallying team has won the prestigious FIA Asia Pacific Rally Championship twice and even in international championships, MRF karting tyres homologated by FIA, is the preferred choice. The company is India’s largest tyre manufacturer and ranked amongst the Top 20 Global Manufacturers, with 10 state-of-the-art factories across India.
Business area of the company
MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. The company offers tyre shopping, tyredrome and tyre maintenance services. It provides an institute for driver development. It is also India’s largest Original Equipment Manufacturer (OEM) tyre supplier with an expansive tyre range from two-wheelers to fighter aircrafts.
MRF | Expect a good impulse to the upsideWhen it comes to the technical analysis of MRF , it is in an uptrend. Right now price is staying near the previous demand area. And the resistance to the upside is very weak based on current scenario. You may use the pull back to get in. Your targets are T1, T2 and T3.
If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
MRF The MRF is now at nearly a very strong Support zone and Will give around 5% return if Bought and more on Futures if Bought .
The MRF Fundamentals shows that Current liabilities showing a Stagnant Position and Non current Liabilities shows also Stagnant position .
But see its Cash flow Positions as it shows Negative Cash flow from investing Activities as it have or may sold its Current asset .
Over all also it show negative Cash flow .
But I see it as an Good Opportunity If this is a pattern and may give better return in Future if bought today .
MRF Short Term Breakout TradeMRF Has broken out and has retested and can undergo a rally in short term.
It has also reached lower trendline of a channel; It has not been shown in this chart to prevent complicated drawings.
Risk Reward Ratio - 1 : 1
Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
SL is placed below major support zone and target is place near swing and channel high.
MRF can be a potential buyMRF has broken the trend line, it has a strong support below, fibonacci retracement shows target to be near 0.38, 0.5, 0.618. Stoploss can be below the support line. Might touch targets in two to three weeks. Please verify with ur analysis and check twice before investing. Thank U.