๐ Pre-open MTF #PriceAction Analysis by #KRMG (23 Aug)
๐ Stock 2- #LUPIN
๐ Sector - PHARMA
๐จ๐ปโ๐ซ Analysis Timeframes - Hourly and 15 min (Intra)
๐ฏ Commentary - It has been in strong Downtrend from 1200 Level in HOURLY TF. Post consolidation for some time and, yesterday it broke its important Support of 950 Level
After it breaks its important Support Level 950 it shows strong strength to downside. Throughout the day, it continued the Down Move and also closed near the day's Low
For Sellers to maintain dominance, it needs to close and sustain Below the #CRITICALZONE
๐(Reversal Trade Trigger) Break of Downtrend structure will trigger BUY ENTRY for Intraday
๐ฏ Coming to sectoral pattern - #NiftyPharma has been in strong uptrend and now it has again trading to its All Time High
#KRMGPriceAction
#LearnWithKRMG
๐ Sector - PHARMA
๐จ๐ปโ๐ซ Analysis Timeframes - Hourly and 15 min (Intra)
๐ฏ Commentary - It has been in strong Downtrend from 1200 Level in HOURLY TF. Post consolidation for some time and, yesterday it broke its important Support of 950 Level
After it breaks its important Support Level 950 it shows strong strength to downside. Throughout the day, it continued the Down Move and also closed near the day's Low
For Sellers to maintain dominance, it needs to close and sustain Below the #CRITICALZONE
๐(Reversal Trade Trigger) Break of Downtrend structure will trigger BUY ENTRY for Intraday
๐ฏ Coming to sectoral pattern - #NiftyPharma has been in strong uptrend and now it has again trading to its All Time High
#KRMGPriceAction
#LearnWithKRMG