Bearish Signal: Au Small Finance Bank
Bearish sign:
1. At the strong resistance level of 680 (which incidentally has 7.2 lakhs Calls written), a copy book Evening Star bearish pattern appears.
2. The COI (cumulative open interest) is reducing.
3. In OI chart, lots of PUTs are unwounded in the immediate support level of 650 (1.2 lakhs PUT unwounded).
Only concern is: Volume does not pick up.
RR: 1:1
1. At the strong resistance level of 680 (which incidentally has 7.2 lakhs Calls written), a copy book Evening Star bearish pattern appears.
2. The COI (cumulative open interest) is reducing.
3. In OI chart, lots of PUTs are unwounded in the immediate support level of 650 (1.2 lakhs PUT unwounded).
Only concern is: Volume does not pick up.
RR: 1:1
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