M & M - Expecting rebound

196
Stock has nearly corrected itself between 10 to 12%

Now approaching an area which is a support in Daily / Weekly / Hourly as well

Expecting the fall to stop here for sometime go side ways before turning back up (depending upon the market situation)

Or may continue its journey downwards again

Lower TF confirmation (15 Mins) is compulsory to enter the trade

Downside final support can be accounted as 2850

If takes support it can easily go back up to 2955 - 3020

Volatility is High. Trade is against the trend, so trade cautiously

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.