MRPL - W bottom | Bullish move possibility?
Price Analysis & Overview:
1. Reveral pattern formed
2. Good volume building.
3. Earnings are weak.
4. Double bottom formation.
5. Strong trendline break candle is important to determine the strength for the upmove.
Trade Plan:
- Low conviction trade, because fundamentals are not strong.
- RRR is favourable.
- ENTRY = CMP 220
- SL = 199
- TP = 300+
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
1. Reveral pattern formed
2. Good volume building.
3. Earnings are weak.
4. Double bottom formation.
5. Strong trendline break candle is important to determine the strength for the upmove.
Trade Plan:
- Low conviction trade, because fundamentals are not strong.
- RRR is favourable.
- ENTRY = CMP 220
- SL = 199
- TP = 300+
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
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