This share looks ready to go higher. Risk reward sounds decent at this point. Any MRF fans out there?
Price has just reacted to Monthly Supply n there is a Fresh Quarterly Demand till which Price should retrace. Following is the Curve Analysis Price after reacting to the Monthly Supply has formed a Fresh Weekly Supply and has violated a Weekly Demand hence this Fresh Weekly Supply is a Trade Supply. Following is the Positional Swing Short Trade.
Merafe was easily set to great upside to R1.72 This was due to a Box Formation, Upside and Price above the moving averages. But then 22 cents Dividend was given out which caused the share price to drop quite quickly. So is the analysis still on? I guess it is as long as it hasn't hit the risk level. But these are things to take into account and learn from.
Rectangle formation has completed with Merafe. There has been a strong bullish sense with the stock, where the price action has shot above the pattern and is showing upside and demand to come. We are seeing other signs as well with optimism. Price>20 Price>200 Target 1 will be at R1.72
Namaste! MRF is the biggest valued stock (INR) in India. It's price is around half the nominal GDP per capita (2022) of India. It seems overvalued to me. You see, retail individuals cause the volatility (rapidly falling prices). Retail individuals react overwhelmingly and quickly to emotions and they cause the volatility (rapidly falling prices). But due to...
JKTYRE 278 TGT 325 SL 250 RR > 1.8 TF < 6M RETURN > 17% NSE:JKTYRE Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Range bounded has been the overall trend for Merafe. It seems like there is just a fight between the bulls and the bears. We can only assume the price is most likely to break up due to the previous momentum. I will only wait for a break above or below the range before acting upon. MAs are all close confirming the sideways movement. SMC: There needs to be a...
The Cup and handle formed, broke above the Brim Level and now looks like it's heading on up. The price above the 200MA is the first time since Sep 2022... Target 1 at R145. Target 2 R1.66 ABOUT Merafe Resources is a mining giant company that was founded in 2005 and is based in Johannesburg, South Africa. The company's primary focus is on the production of...
MRF : Last dip till 85100 after this dip 1 Lakh paar hoga ye Share Pehli company India ki jiska share 1 Lakh ka hoga. Will buy 5-10 lots when the reversal will be seen at 85100-85150.
MRF - Daily Chart based on the Elliott Wave Theory. As long as the triangle stands valid, the price should correct more downwards. Correction could make further extensions if the next resistance level is broken.
New Cup and handle has formed on Merafe following the Old one in 2022 Target 1 at R145 and now a new target of R1.66 Price >200MA first time since Sep 2022 Some info on Merafe Merafe Resources is a South African company that is primarily engaged in the mining and production of ferrochrome, which is an alloy of chrome and iron used in the production of stainless...
Cup and handle formed on Merafe. This is a short /medium term trade. We can see the gap down is likely and ready to close. The first price target will be at 200MA to R1.45 We also have the resource sector dominating the JSE All Share Index. AGL, ANG, HAR, EXX, KIO all looking bullish, which will help push up the Ferrochrome price along with the metals.
Short term analysis of MRF buy at 80742 SL : 78469 Target : 85493 Risk to reward - 1:2
hey guys , all of the traders were waiting from a long time to find a good swing trade for the stock - MRF now the time has came , and MRF has crossed it's resistance , From a LONG time , MRF was facing resistance, from the upper trendline ( WHICH I HAVE DRAWN ) and now this stock has crossed it's resistance . and taken support therefore, from my opinion...