📈 Pre-open MTF #PriceAction Analysis by #KRMG (27 Aug)
👉 Stock 1- #JSWSTEEL
👉 Sector - METALS
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been in strong Downtrend from 780 Level in HOURLY TF. then it given strong Gap Down Opening and again started strong Downtrend, yesterday it shown slower downtrend
It has now broken and closed below an important blockade of 675. 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
👉(Reversal Trade Trigger) Break of Downtrend structure will trigger BUY ENTRY for Intraday
🎯 Coming to sectoral pattern - #NiftyMetals is currently trading in dominance of Sellers where close above 5550 Level will start fresh Uptrend
#KRMGPriceAction
#LearnWithKRMG
👉 Sector - METALS
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been in strong Downtrend from 780 Level in HOURLY TF. then it given strong Gap Down Opening and again started strong Downtrend, yesterday it shown slower downtrend
It has now broken and closed below an important blockade of 675. 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
👉(Reversal Trade Trigger) Break of Downtrend structure will trigger BUY ENTRY for Intraday
🎯 Coming to sectoral pattern - #NiftyMetals is currently trading in dominance of Sellers where close above 5550 Level will start fresh Uptrend
#KRMGPriceAction
#LearnWithKRMG