TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 7 to 10 times.
Key Levels for M_M are : t.me - JOIN TELEGRAM CHANNEL
Please trade with caution and consult your financial adviser before trading. You can also...
With a short bias already established through higher TFs and holding positional short (refer earlier post: ), intraday 15 min too presented a good opportunity to enter short. A big green candle rejected pivot and immediate 15 min resistance followed by a red...
Monthly gives a clear bearish picture as price has fallen drastically from Aug 2018 to Aug 2019. Then, it has made a shallow bounce back to test the support turned resistance zone. In the weekly, a good upper wick rejection is made at weekly resistance last week which gives a weak bias. Similar story is with Daily, price rejected Weekly zones with big red candles....
MOMENTUM TRADE IN M&M
:-MOTOR COMPANIES ARE SEEING BUILT-UP
:-RISE IN OI+RISE IN PRICE+RISE IN DELIVERY VOLUMES
:-LOOKS LIKE ITS ON THE VERGE OF TESTING ITS 200-DMA AROUND 625
:-IT HAS BROKEN THE CRUCIAL RESISTANCE OF 603
:-PRICE AND VOLUME BREAKOUT CANNOT BE RULED OUT
TRADE IN FUTURES 28TH NOV CONTRACT
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE...
M&M has given a channel breakout and is now currently trading above it's INTERIM SUPPORT which is placed at 520 followed by the FINAL SUPPORT placed at 491, on the upper band INTERIM RESISTANCE is placed at 553 followed by small FINAL RESISTANCE ZONE placed bewteen 567-576. Trade cautiously and consult your financial adviser before trading. You can also join our...