1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

MRF - CUP AND HANDLE FORMATION-POSSIBLE ?

Discussion in 'Technical Analysis' started by raja_praveen, Jul 13, 2018.

  1. raja_praveen

    raja_praveen Champion

    Joined:
    Sep 18, 2016
    Messages:
    405
    Likes Received:
    335
    Occupation:
    CHARTS READING
    MRF MAY BE A GOOD BUYING OPPURTUNITY IF CROSS 81K TO TGT OF 91K.

    TF 3-6 MONTHS

    STUDY PURPOSE ONLY

    upload_2018-7-13_8-3-3.png
     
    raja_praveen, Jul 13, 2018
    Share #1
    chaitanya_mella and nirajshah like this.
  2. nirajshah

    nirajshah Champion

    Joined:
    Aug 17, 2016
    Messages:
    546
    Likes Received:
    302
    nirajshah, Jul 13, 2018
    Share #2
    chaitanya_mella likes this.
  3. rcube1972

    rcube1972 Member

    Joined:
    Apr 14, 2018
    Messages:
    17
    Likes Received:
    17
    One prerequisite for technical analysis to work is high volume. This particular share is traded in extremely low volume, for obvious reason. So i will keep my fingers crossed.
     
    rcube1972, Jul 13, 2018
    Share #3
    chaitanya_mella likes this.
  4. raja_praveen

    raja_praveen Champion

    Joined:
    Sep 18, 2016
    Messages:
    405
    Likes Received:
    335
    Occupation:
    CHARTS READING

    volumes are must if it is a swing trade
     
    raja_praveen, Jul 13, 2018
    Share #4
  5. rcube1972

    rcube1972 Member

    Joined:
    Apr 14, 2018
    Messages:
    17
    Likes Received:
    17
    Enter at 81K, exit at 91K, what is it but swing trade?

    Swing trade or not, technical analysis does not work well at low volume. This is an internationally accepted hypothesis.
     
    rcube1972, Jul 13, 2018
    Share #5
  6. raja_praveen

    raja_praveen Champion

    Joined:
    Sep 18, 2016
    Messages:
    405
    Likes Received:
    335
    Occupation:
    CHARTS READING
    This is not a recommendation. I uploaded just for information and as per my knowledge. . Thanks for sharing your points. Will not update charts here after.

    there is no point of proving Am wrong & debating here . No hard feelings
     
    raja_praveen, Jul 14, 2018
    Share #6