Long @ 82.5 Levels Short term trend will be downward as RSI is loosing strength and showing divergence. MRF can be purchased at 85.8 K levels or 82.985 levels based on RSI confirmation
MRF trade ideas
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.
It will be good to Invest in MRF tyresIt will be very good to invest in mrf tyres . It will give almost 50 % of return. Buyable price current price or whatever is lower. Downside it can be 68k to 70 k
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 "TIME TO SHORT" IN FUTURECurrent levels may reach near 65k or if it breaches may go max level at 70-72k
Volume also very low at right shoulder as compared to left shoulder .....
IN future monthly chart suggest a Short as supported with head and shoulder formation ....
Neckline is bit slant
So possible outcome in future if price breaks 50k level in future ...target price may reach around 30k....
head = 80k , neckline level =30k, so 80 - 50 = 30k as a target price.....
