Downside Prevails
Our Pivot: 28.10
Our Preference: Start short selling MLCF below 26.50 and average it out till 27.30 with strict stop loss of 28.10 and profit target at 25.40 and 25.00.
Alternate Scenario: Upward penetration of 28.10 will call for 28.60.
NOTE: MLCF is being capped by a descending trend line along with a horizontal resistant region.
Hourly Chart with Supports & Resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.