MRF has confirmed a breakout from an Inverted Head & Shoulders pattern on the daily chart, signaling a potential bullish trend reversal. The breakout has occurred with strong volumes, adding conviction to the move.
🔍 Trade Setup:
Buy Above: ₹115,579
Stop Loss: ₹111,230 (Closing Basis)
Targets:
🎯 Target 1: ₹118,028
🎯 Target 2: ₹120,443
🎯 Target 3: ₹123,358
🎯 Target 4: ₹126,157
🎯 Target 5: ₹129,019
The pattern structure aligns well with Fibonacci extension levels and previous resistance zones, providing a favorable risk-to-reward ratio.
📌 Chart Highlights:
Breakout above neckline with volume surge
Positive RSI momentum confirming breakout strength
Price sustaining above key moving averages
⚠️ Disclaimer:
I am not a SEBI-registered advisor. This analysis is shared for educational and informational purposes only. Please consult your financial advisor before making any investment or trading decisions. Trade at your own risk.
🔍 Trade Setup:
Buy Above: ₹115,579
Stop Loss: ₹111,230 (Closing Basis)
Targets:
🎯 Target 1: ₹118,028
🎯 Target 2: ₹120,443
🎯 Target 3: ₹123,358
🎯 Target 4: ₹126,157
🎯 Target 5: ₹129,019
The pattern structure aligns well with Fibonacci extension levels and previous resistance zones, providing a favorable risk-to-reward ratio.
📌 Chart Highlights:
Breakout above neckline with volume surge
Positive RSI momentum confirming breakout strength
Price sustaining above key moving averages
⚠️ Disclaimer:
I am not a SEBI-registered advisor. This analysis is shared for educational and informational purposes only. Please consult your financial advisor before making any investment or trading decisions. Trade at your own risk.
Dagangan aktif
1st Target Completed......Enjoy the moneyrain guys.......Dagangan ditutup: sasaran tercapai
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.