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Consolidation-breakout

M&M : AnalysisNSE:M_M is trading around 850 revels which is shy above Fib's Golden retracement level. The possibility of Upmove is good as well as consolidating for a few more days, buyer's accumulation will lead to upward momentum. Market might move up till the demand zone is attained. Another possibility is Breaking down to supply zone. Chances of happening so is thin but possibility is their because of the current market scenario where NSE:NIFTY and NSE:BANKNIFTY both are falling good every day. If NSE:M_M sustains this period then upward momentum will come soon and we can see all-time highs very soon. The imbalance zone between the rise and fall has been covered up by the market as of now, let's see what it brings on next trading session. PS: NO analysis is 100% follow your RR and trade with head in the game. PPS : I'll update as soon as I get into this trade.
NSE:M_MLong
by Umang_Sharma