MRF BEARISH WITH VOLUME - TGT 127000- 124000 04.05.2024

5月5日

MRF is turning bearish with following technical reasons
1. RSI on daily crossed below 40
2. Price crossed below 20 SMA Daily with huge volume
3. Bearish Marubozu Candle on daily chart with high volume
4. Price trading below 20 SMA (weekly) for last 4 weeks
5. Super trend is continuously bearish on daily chart and now minor super trend support on weekly is at 127700 levels

Can be a good risk reward with Short near 129000 and with stop loss at 130000 for 127000-124000


Lets see How it evolves.

Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.

5月6日

トレード稼働中

TARGET 1 ACHIEVED STOCK MADE LOW OF 125000 IN JUST ONE DAY. TRAIL WITH SL FOR 124000 TGT

5月7日

トレード終了: 利益確定目標に到達

TGT 2 REACHED STOCK MADE LOW OF 123111