๐ Pre-open MTF #PriceAction Analysis by #KRMG (17 Sep)
๐ Stock 1- #JUBLFOOD
๐ Sector - FMCG
๐จ๐ปโ๐ซ Analysis Timeframes - Hourly and 15 min (Intra)
๐ฏ Commentary - It has been strongly reversed to downside from 4200 Level which is its ALL TIME HIGH Level and now trading near to its important level 4000 which has its next barrier as Hourly Timeframe
Below the Critical Zone Sellers may continue dominating Buyers and it may continue the Downtrend for the initial targets of 4040 Levels (Avoid if volume spikes comes as it can then lay a trap - To be noted by our students)
๐ฏ Coming to sectoral pattern - #NiftyFmcg is now trading to ALL TIME HIGH and on yesterday it has given good Breakout to 40750 Level
#KRMGPriceAction
#LearnWithKRMG
๐ Sector - FMCG
๐จ๐ปโ๐ซ Analysis Timeframes - Hourly and 15 min (Intra)
๐ฏ Commentary - It has been strongly reversed to downside from 4200 Level which is its ALL TIME HIGH Level and now trading near to its important level 4000 which has its next barrier as Hourly Timeframe
Below the Critical Zone Sellers may continue dominating Buyers and it may continue the Downtrend for the initial targets of 4040 Levels (Avoid if volume spikes comes as it can then lay a trap - To be noted by our students)
๐ฏ Coming to sectoral pattern - #NiftyFmcg is now trading to ALL TIME HIGH and on yesterday it has given good Breakout to 40750 Level
#KRMGPriceAction
#LearnWithKRMG