Mishra Dhatu Nigam trade opportunity on 30 min chart
Updated
If it breaks below 50 EMA on 30 mins chart and sustain then it can go up to approx. 162 with stop loss of 182 and further down to 155 & 145.
if it respects the 50 EMA on 30 min chart then it go up to 182 with stop loss of 162 and above 182 it would create new highs.
At each support or resistance watch for candle stick patterns like continuation pattern or reversal pattern, and in these case either trail your stop losses or cut your position & book profit.
if it respects the 50 EMA on 30 min chart then it go up to 182 with stop loss of 162 and above 182 it would create new highs.
At each support or resistance watch for candle stick patterns like continuation pattern or reversal pattern, and in these case either trail your stop losses or cut your position & book profit.
Note
182 is strong resistanceNote
near by 162 is good support.
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