📈 Pre-open MTF #PriceAction Analysis by #KRMG (24 Aug)
👉 Stock 1- #BHARATFORGE
👉 Sector - AUTO
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been strongly reversed to downside when it made Higher High to ALL TIME HIGH Level and now trading below it important Support level of 745
If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 700 Level
Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade
🎯 Coming to sectoral pattern - #NiftyAuto is currently in Good Downtrend and making Higher low Pattern as per daily Timeframe where it have space till 9500 Level
#KRMGPriceAction
#LearnWithKRMG
👉 Sector - AUTO
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been strongly reversed to downside when it made Higher High to ALL TIME HIGH Level and now trading below it important Support level of 745
If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 700 Level
Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade
🎯 Coming to sectoral pattern - #NiftyAuto is currently in Good Downtrend and making Higher low Pattern as per daily Timeframe where it have space till 9500 Level
#KRMGPriceAction
#LearnWithKRMG