📈 Pre-open MTF #PriceAction Analysis by #KRMG (08 Sep)

👉 Stock 2- #JUBLFOOD
👉 Sector - FMCG
👨🏻‍🏫 Analysis Timeframes - Hourly and 15 min (Intra)

🎯 Commentary - It has strongly fallen nearly from 4200 level as per hourly timeframe which is its ALL TIME HIGH Level and now it is trying to reverse or retrace from it

Yesterday on its way to downtrend it got strong rejections from important Level of 4180 and continued the downtrend till day end

It has space till 4040 on downside if it sustains below CZ, and may even reach near 4000 level if convincingly closed below 4060

🎯 Coming to sectoral pattern - #NiftyFMCG is currently in Good Uptrend and currently trading to its ALL TIME HIGH Level

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