📈 Pre-open Chart #PriceAction Analysis by #KRMG (21 Oct)

👉 Stock 1- #HINDUNILVR
👉 Sector - FMCG
👨🏻‍🏫 Analysis Timeframes - Hourly and 15 min (Intra)

🎯 Commentary - It has been strongly reversed to downside from 2860 Level and it also showing strength in downward direction and has 2350 Level as its next barrier as Hourly Timeframe

If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 2400 Level

Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade

🎯 Coming to sectoral pattern - #Niftyfmcg is currently showing the downside strength as its reversed strongly from its ALL TIME HIGH Level and closed convincingly below its important Support of 39900 Level