This stock’s been on a wild ride! 📉 After peaking with RSI levels screaming overbought (90+), it’s now cooling off—RSI at 78 still suggests some heat. The 9-day EMA just crossed below the 21-day, hinting at short-term bearish pressure. Volume spiked on the latest drop, signaling conviction. No news, but the chart shows a potential pullback after a steep climb. Hold if you’re long-term bullish, but traders might wait for RSI to dip below 70 for a safer entry. 🚦 #WatchingClosely

MRF Limited, together with its subsidiaries, manufactures, sells, and trades in rubber products in India and internationally. The company provides rubber products, such as tires, tubes, flaps, and tread rubber; tires for trucks, farm vehicles, LCVs, SCVs, MCVs, three wheelers, pick up, two wheelers, passenger cars, and OTRs; and manufactures specialty coatings. It also involved in the paints and coats, toys, motorsports, and cricket training businesses. In addition, the company operates MRF T&S, MRF TireTok, MRF Tyredrome, MRF FASST, MRF MuscleZone, and shops that provide computerized nitrogen inflation, tubeless repair, wheel alignment, wheel balancing and tire changing; robotic wheel alignment, vehicle safety test lane, diagnostic wheel balancing, A/C recovery and recharging, electronic headlight aligner, nitrogen generator membrane type, and special two-wheeler tire changer; and wheels removal and refitment, and tire mounting and de-mounting services. It sells its products through dealer networks. MRF Limited was founded in 1946 and is based in Chennai, India.

MRF Limited MRF.BO: 137760.2 INR

Bearish views