MRF LTD
- As per previous report published on MRF LTD stock filed to close above its major trend line resistance @ 24750 and stock fell down and made a low around 23000. (Click here to see previous report published on MRF LTD).
- Now daily chart indicates stock is again trying to test its previous trend line resistance around 24750, Once stock close and stays above 24750 then bulls to favor MRF for next few trading days.
- Intraday close watch once stock starts trading above 24750 and if holds above in day trading then intraday bulls action is expecting in MRF.
- Suggested Reading - HDIL moving in a range bound zone , sharp move expecting once HDIL comes out from its range.
- As per graph no 2 if MRF moves up from current levels and closed and stays above 24750 then stock will find strong resistance around 26900 its 161.8% fibonacci retracement.
- As per graph no 3, stock is moving up from 50 days moving average as long as stock holds above it will be favored by bulls but once it closes and stays below it will show first sign of weakness. Technical also indicates stock major trend indicator "MACD" is moving in +ve zone and above zero level this indicates stock can move up. Close watch.
- Click here to see all the free trading reports (tips) published by us on MRF LTD.
- Share tips for tomorrow.
No comments:
Post a Comment