Thursday, February 23, 2017

>MRF wave structure

Hi friends,
                    MRF had a super run ,It made a triangle and broke it up ,Sure many would have bought that breakout ,Ever since the stock kept dragging down (slow drop ) .
The above chart shows the triangle and the retrace after breakout which has retraced .Lets see the fall closely. On a hourly chart .

The hourly structure shows a triple zigzag unfolding wxyxz right now in z .Stock looks to do good in march expiry should be bought in dips ,This can target 56000 easily.


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