📈 Pre-open MTF #PriceAction Analysis by #KRMG (26 Aug)
👉 Stock 1 - #MARUTI
👉 Sector - AUTO
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has shown good strength in Downward direction from Opening Bell till the Day End on Yesterday as per Hourly timeframe and now trading to its important Demand Zone
It has continued good Lower High pattern as per 15- Min timeframe and also yesterday after strong opening it continued the Downmove and closed near days Low (Sellers have maintained and protected their Orderflow areas)
Currently it has space till 6640 Level where it has important blockade and Sell Trade can be taken only if breaks CZ with good volume
🎯 Coming to sectoral pattern - #NiftyAuto trading in downtrend in daily timeframe and making Lower high pattern
#KRMGPriceAction
#LearnWithKRMG
👉 Sector - AUTO
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has shown good strength in Downward direction from Opening Bell till the Day End on Yesterday as per Hourly timeframe and now trading to its important Demand Zone
It has continued good Lower High pattern as per 15- Min timeframe and also yesterday after strong opening it continued the Downmove and closed near days Low (Sellers have maintained and protected their Orderflow areas)
Currently it has space till 6640 Level where it has important blockade and Sell Trade can be taken only if breaks CZ with good volume
🎯 Coming to sectoral pattern - #NiftyAuto trading in downtrend in daily timeframe and making Lower high pattern
#KRMGPriceAction
#LearnWithKRMG