Mahanagar Gas toward 880 untuk NSE:MGL oleh Trading_buddy

chartpattern indicator waveanalysis mahanagar mahanagargas nifty nifty50 indianstocks indianmarket indian nse bse

After the initiative selling away from the big uptrend, value price makes a small shifting value. At this point, you need to start looking for the new control of price. I want you to go through the following thinking process when looking at this chart. Value is moving up, the control price is pointing up so we are in an uptrend for the moment. The trading activity is taking place on both sides of the control, we cannot see a clear difference in the volume of activity on the two sides of the value area. This indicates that the uptrend is not very strong. It is probably just a short move upwards, correction of price in a bigger downtrend on a higher timeframe.
Short Mahanagar Gas Target toward 907-880,
Stop: 944
Thanks

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Penafian

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