Important Positioanl levels For MRFHey Folks..! Hope you all had a great year and i wish you have a wonderful year ahead...
I have marked all the profit booking levels for the year, anyone who is holding any positions should be cautions at these levels...
In case you have a bullish view that treat these levels as a further breakout levels...
This analysis is my personal opinion and do not consider as an investment advice.
MRF trade ideas
When to sell MRF (Madras Rubber Factory)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 insanely INR price of MRF, it surely has kept away retail people. This costly stock would have been mostly attracted sensible big pocket individuals and financial institutions.
But now I think it is a good time to book profits in MRF Ltd (at Rs 1,10,000). Following are the reasons:
1. Most of the worlds' central banks increased interest rates at very fast pace. RBI didn't increase as rapidly because they wanted growth. Many companies reported record profits due to cheap credit in India.
2. RBI increasing rates in the year 2024: You see, GDP growth was an important factor to the current ruling party because history has taught that the government which didn't increased GDP growth figures during their ruling tenure, has lost the following elections in India. So, it has been greatly paid attention to increase GDP growth percentage, of course at the cost of inflation .
3. Coming recession in the year 2024 (personal assumption) .
4. Slight uncertainty in the economy due to 2024 election.
5. India got a good hype due to moving production from China to India. It caused the Indian stock market (Nifty50) to not fall as much as their global peers . I wouldn't say it isn't possible, but it would take longer time period than the market is pricing in.
6. My bearish instinct .
I do not own and/or planning to own any shares or position in the stock.
Disclaimer: This article should not be considered as an investment or trading advice. The analysis is based on my understanding and experience in the markets. You must do your own analysis and/or consult your financial advisor before investing or trading.
MRF - 60 MINS TIME FRAMEThe 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 (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
MRF - 240 MINS CHART TIMEFRAMEThe 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 (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
A short video of #MRF# short viewsIf you want to earn the 10 k RS then buy. The share price consolidated between 85000 to 94000 from November 2022. so if your hold for 15 days to 20 days then buy this share. MRF has a strong support is 85367.80 and strong resistance level 94383.95, so if you want a 10 k profit in 10 to 15 days then buy this share.
Disclaimer
All information on this page is for education purpose only. We are not Sebi registered we are only try to provide the information. We do not want you to invest trade based on our post or stories. You may consult your financial advisor. We will not responsible for any of your profit and loss