Maha Apex - Bottom Fishing
The chart shows that the stock price has been moving in a parallel channel since August 23. This moment, again comes to the lower edge of the channel. If the pattern continues and gives a bounceback, it could be a good opportunity with a good risk-reward ratio.
The stock has been consolidating in a narrow range in recent sessions.
MACD shows a likely reversal too.
All important levels are mentioned on the chart.
One should keep the position size according to risk management.
This illustration is only for learning and sharing purposes, not trading advice in any way.
All the best.
The stock has been consolidating in a narrow range in recent sessions.
MACD shows a likely reversal too.
All important levels are mentioned on the chart.
One should keep the position size according to risk management.
This illustration is only for learning and sharing purposes, not trading advice in any way.
All the best.
Penafian
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