📈 Pre-open MTF #PriceAction Analysis by #KRMG (25 Aug)
👉 Stock 1- #MCDOWELL_N
👉 Sector - FMCG
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has started the Downtrend after it breaks the resistance 690 level and touched the 730 level in HOURLY TF, and also it has convincingly closed & broken its important Support 695 Level
It has continued good Lower High pattern as per 15- Min timeframe and also yesterday after opening it continued slower Down move and closed near days Low
For Sellers to maintain dominance, it needs to close and sustain below the #CRITICALZONE
For Buying pattern - BREAK OF 15 MIN structure is mandatory (Watch for volume spikes )
🎯 Coming to sectoral pattern - #NiftyFMCG after giving strong Uptrend it is now trading near to its ALL TIME HIGH Level
#KRMGPriceAction
#LearnWithKRMG
👉 Sector - FMCG
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has started the Downtrend after it breaks the resistance 690 level and touched the 730 level in HOURLY TF, and also it has convincingly closed & broken its important Support 695 Level
It has continued good Lower High pattern as per 15- Min timeframe and also yesterday after opening it continued slower Down move and closed near days Low
For Sellers to maintain dominance, it needs to close and sustain below the #CRITICALZONE
For Buying pattern - BREAK OF 15 MIN structure is mandatory (Watch for volume spikes )
🎯 Coming to sectoral pattern - #NiftyFMCG after giving strong Uptrend it is now trading near to its ALL TIME HIGH Level
#KRMGPriceAction
#LearnWithKRMG