MRF: Inverted Head & Shoulders Breakout |Targets Ahead!

15 apr

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.

18 ore fa

Trade attivo

1st Target Completed......Enjoy the moneyrain guys.......