Hi
The chart below is the intraday chart of MRF in CM with 1minute intervals, dated 12/07/2013 (friday).
Considering the CNX auto index's performance, and the side ways (correction) movement that the chart shows, what should I do on monday?Could the line that I have drawn be counted as the support?And if it opens below that price on monday should I short it?
Please share some views.
The chart below is the intraday chart of MRF in CM with 1minute intervals, dated 12/07/2013 (friday).
Considering the CNX auto index's performance, and the side ways (correction) movement that the chart shows, what should I do on monday?Could the line that I have drawn be counted as the support?And if it opens below that price on monday should I short it?
Please share some views.