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.
액티브 트레이드
1st Target Completed......Enjoy the moneyrain guys.......거래청산: 타겟 닿음
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관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.