๐ Pre-open Chart #PriceAction Analysis by #KRMG (08 Oct)
๐ Stock 1- #DRREDDY
๐ Sector - PHARMA
๐จ๐ปโ๐ซ Analysis Timeframes - Hourly and 15 min (Intra)
๐ฏ Commentary - It has been strongly reversed to downside from 5000 Level and it also showing strength in downward direction and has 4750 Level as its next barrier as Hourly Timeframe
If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 4820 Level
Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade
๐ฏ Coming to sectoral pattern - #NiftyPharma is currently showing the downside strength from its ALL TIME HIGH Level
#KRMGPriceAction
#LearnWithKRMG
๐ Sector - PHARMA
๐จ๐ปโ๐ซ Analysis Timeframes - Hourly and 15 min (Intra)
๐ฏ Commentary - It has been strongly reversed to downside from 5000 Level and it also showing strength in downward direction and has 4750 Level as its next barrier as Hourly Timeframe
If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 4820 Level
Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade
๐ฏ Coming to sectoral pattern - #NiftyPharma is currently showing the downside strength from its ALL TIME HIGH Level
#KRMGPriceAction
#LearnWithKRMG
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