📈 Pre-open MTF #PriceAction Analysis by #KRMG (15 Sep)
👉 Stock 2 - #SUNTV
👉 Sector - MEDIA
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - Yesterday it has broken an important resistance of 508 Level and able to close above it now it has 535 as next barrier as per Hourly timeframe
After big Gap Up opening it has continued the Uptrend throughout the day and able to close at the Days High
Now it needs to close above the Critical Zone then it has 520-527 as upside targets (Breakout should be good and clean without volume spikes - else look for trading reversal)
🎯 Coming to sectoral pattern - #NiftyMedia is now in strong Uptrend and broken its important resistance 1925 Level convincingly
#KRMGPriceAction
#LearnWithKRMG
👉 Sector - MEDIA
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - Yesterday it has broken an important resistance of 508 Level and able to close above it now it has 535 as next barrier as per Hourly timeframe
After big Gap Up opening it has continued the Uptrend throughout the day and able to close at the Days High
Now it needs to close above the Critical Zone then it has 520-527 as upside targets (Breakout should be good and clean without volume spikes - else look for trading reversal)
🎯 Coming to sectoral pattern - #NiftyMedia is now in strong Uptrend and broken its important resistance 1925 Level convincingly
#KRMGPriceAction
#LearnWithKRMG