AIRTEL signals me to go long - Chart + Data analyze
I'm bearish in NIFTY until BANK NIFTY fills the gap @ 19350 level, until then any up move may bring down the NIFTY levels to 9500. This will impact other stocks aswell. Airtel is having a strong support level, but due to this BANKNIFTY fall BHARTIARTL is struggling at support level. It doesn't mean the level is weak.
1) If we take the delivery volume into consideration last 5 days delivery volume is 53.14%, which indicates a strong interest among Investors + Short term traders. Sign of Bullishness
As i've taken notes,
16/06/2020 - 53.41%
15/06/2020 - 28.43%
12/06/2020 - 28.43%
2) PCR for July expiry is 0.96%, Sign of Neutral.
1) If we take the delivery volume into consideration last 5 days delivery volume is 53.14%, which indicates a strong interest among Investors + Short term traders. Sign of Bullishness
As i've taken notes,
16/06/2020 - 53.41%
15/06/2020 - 28.43%
12/06/2020 - 28.43%
2) PCR for July expiry is 0.96%, Sign of Neutral.
Trade closed: target reached:
:)