MRF correction analysis and Swing position
Price has just reacted to Monthly Supply n there is a Fresh Quarterly Demand till which Price should retrace.
Following is the Curve Analysis
Price after reacting to the Monthly Supply has formed a Fresh Weekly Supply and has violated a Weekly Demand hence this Fresh Weekly Supply is a Trade Supply.
Following is the Positional Swing Short Trade.
Fnostock
GNFC 5th WaveGnfc did a 3 wave decline * held support at daily ichimoku cloud.
Now if id doesn't breaks the low of 712 we may see levels as mentioned in blue line atleast highs of 3rd wave which are 815..
Risk reward is more than 1:6..
Enter anywhere in range of 715-728
Stop loss 712
Target 815 to 888
#ACC Looking good in coming days #ACC... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
H&S Breakdown in PVRPVR can fall further as it has given H&S Breakdown with a strong red candle of -4% on 20-Feb-2022