M & M Positional View !!
Updated
M&M : cmp : 1072.5
A inverse H & S kind of pattern had been formed in daily chart and BO done
near 940-960 level. After that made a high of 1062 level and retraced upto BO level.
Now trading near the breakout zone of 1070-1080 . If it surpasses and sustains
above the level a buying movement could be possible in the near term.
Closed above prvious high.
RSI & MFI trending up.
Buy on dips.
Accumulation zone : 1000-1040
Profit booking zone may be : 1120 - 1200
SL According to your risk appetite.
Positionally can move 1260+
July Future / July 1100CE can be look after.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally
A inverse H & S kind of pattern had been formed in daily chart and BO done
near 940-960 level. After that made a high of 1062 level and retraced upto BO level.
Now trading near the breakout zone of 1070-1080 . If it surpasses and sustains
above the level a buying movement could be possible in the near term.
Closed above prvious high.
RSI & MFI trending up.
Buy on dips.
Accumulation zone : 1000-1040
Profit booking zone may be : 1120 - 1200
SL According to your risk appetite.
Positionally can move 1260+
July Future / July 1100CE can be look after.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally
Trade active
1st level reached.Trade active
Almost final target level reached. From 1040 to 1200.Only positional target left.Note
Almost positional target reached.Trade closed: target reached
positional target achieved.
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