MRF Limited is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock is moving within a rectangle formation between support at 85997 and resistance at 93935.
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A decisive break through one of these levels indicates the new direction for the stock. The stock has support at rupee 86300 and resistance at rupee 95000. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend.
The stock is overall assessed as technically positive for the medium long term.
