MRF LTDViés de baixa
MRF "TIME TO SHORT" IN FUTURE
Current levels may reach near 65k or if it breaches may go max level at 70-72k
Volume also very low at right shoulder as compared to left shoulder .....
IN future monthly chart suggest a Short as supported with head and shoulder formation ....
Neckline is bit slant
So possible outcome in future if price breaks 50k level in future ...target price may reach around 30k....
head = 80k , neckline level =30k, so 80 - 50 = 30k as a target price.....
Volume also very low at right shoulder as compared to left shoulder .....
IN future monthly chart suggest a Short as supported with head and shoulder formation ....
Neckline is bit slant
So possible outcome in future if price breaks 50k level in future ...target price may reach around 30k....
head = 80k , neckline level =30k, so 80 - 50 = 30k as a target price.....
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