#MORARJEE textiles weekly analysis long term
Greetings Folks,
today I have prepared a setup of MORARJEE on NSE
the analysis is as follows-
- the price has been trading in a descending triangle pattern
- the price has been struggling to breakout but it has turned sideways near the trendline
- now there is a minor static resistance just above the wicks, either enter when this static resistance breaks or if you are a traditional investor who does not times the market, then you may buy now or some retracement later
don't play with fire, always use a predefined stoploss
today I have prepared a setup of MORARJEE on NSE
the analysis is as follows-
- the price has been trading in a descending triangle pattern
- the price has been struggling to breakout but it has turned sideways near the trendline
- now there is a minor static resistance just above the wicks, either enter when this static resistance breaks or if you are a traditional investor who does not times the market, then you may buy now or some retracement later
don't play with fire, always use a predefined stoploss
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