📈 Pre-open MTF #PriceAction Analysis by #KRMG (09 Sep)
👉 Stock 1- #Hindalco
👉 Sector - METALS
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been strongly reversed to downside from 475 Level Which is its ALL TIME HIGH LEVEL and now trading near to its important Support level 450 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 450 Levels (Avoid if volume spikes comes as it can then lay a trap - To be noted by our students)
🎯 Coming to sectoral pattern - #NiftyMetals is now trading near to ALL TIME HIGH and from last two trading session it is accumulating near to the 5800 Level
#KRMGPriceAction
#LearnWithKRMG
👉 Sector - METALS
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been strongly reversed to downside from 475 Level Which is its ALL TIME HIGH LEVEL and now trading near to its important Support level 450 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 450 Levels (Avoid if volume spikes comes as it can then lay a trap - To be noted by our students)
🎯 Coming to sectoral pattern - #NiftyMetals is now trading near to ALL TIME HIGH and from last two trading session it is accumulating near to the 5800 Level
#KRMGPriceAction
#LearnWithKRMG