MSTC Ltd.
Anticipated positive move witnessed above 116 on the higher side. However, the price faced resistance from the weekly higher side & mid-bollinger band.
Though the price is able to maintain a position above 50MA: 112.30 but strong positive bias had been damaged.
If the price is again able to continue positive move on the higher side, then 123 - 124 - 126 - 130 are the noticeable resistances.
Weakness below 110 can test 105 - 100(5MA) - 99 - 90 - 88- 84 on the lower side.
KEEP AN EYE!! Please watch the momentum carefully before taking any trading position.
#tradingedge_academy #SMTA_institute
Anticipated positive move witnessed above 116 on the higher side. However, the price faced resistance from the weekly higher side & mid-bollinger band.
Though the price is able to maintain a position above 50MA: 112.30 but strong positive bias had been damaged.
If the price is again able to continue positive move on the higher side, then 123 - 124 - 126 - 130 are the noticeable resistances.
Weakness below 110 can test 105 - 100(5MA) - 99 - 90 - 88- 84 on the lower side.
KEEP AN EYE!! Please watch the momentum carefully before taking any trading position.
#tradingedge_academy #SMTA_institute
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Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500