MRF Inside Bar Bullish Set Up . Breakout Of 66800 With Bullish Setup(Candle & Volume )
Can Take it to 68300 to 69000 .
MRF trade ideas
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.....
MRF - Still bullish ?MRF View
MRF still looks Bullish , Unless the price breaks down below 64000 range.
Upside move it may go to 70000 ,72000 & 74000
Zone to be look for price action is between 67000 & 68000.
MRF Long Clean breakout Long MRF as the market is looking bullish am looking for some clean breakout stocks which can give 1:3 RR trade
MRF broke weekly resistance and this week it closed above it.
BULLISH GOLDEN CROSSMRF HAS GIVEN BULLISH GOLDEN CROSS AFTER ONE YEAR OF DEATH CROSS AND TOOOK SUPPORT FROM PREVIOUS MULTI WEEK RESISTANCE ..
IT CAN TAKE OUT NEW HIGHS IN NEXT YEAR
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 Bear Flag Continuation PatternMRF seems to be correcting and this could be a bear flag continuation of the fall.
R:R is good for short here. but will wait for the breakout of flag.
ascending triangle mrfbuy above upper red line at eod
view is personal call is always positional buy it and tsl it to cost.
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.
Buy MRFThis stock is at a good support level and has given signs of potential trend reversal. A fresh bull run may soon be initiated with targets of 78100 followed by 80100
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.
MRF - 1 HR - BEARISH GARTLEY / CYPHER & CHANNELMarket Analysis
In MRF we enter the SHORT trade due to the following reasons...
BEARISH GARTLEY
BEARISH CYPHER
CHANNEL RESISTANCE
This is the best time to ENTER SHORT for 0.382(65935) & 0.618 / CHANNEL Bottom (64048) as TARGETS....
