Context - Dropped 65% to 200 in 2022 after 20x Up to 600 in 2019
In June'21 supply emerged at 360
Move up to 330, once demand appeared at 200 in Dec'21
Plan -
to Purchase Breakout above 360
or, rejection indicators below 260
PB 2x; PE 29x; ROCE 9%
In June'21 supply emerged at 360
Move up to 330, once demand appeared at 200 in Dec'21
Plan -
to Purchase Breakout above 360
or, rejection indicators below 260
PB 2x; PE 29x; ROCE 9%
Trade active
Federal-Mogul Goetze IndiaUpdated Analysis - Remains with the 260-360 with red candle in last month
Therefore, Plan ahead remains the same
to Purchase Breakout above 360
or, rejection indicators near 260
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.