NIIT - Accumulate on dips
Updated
Study:- PCR is extremely bullish. Structure is +ve.
BO has happened with volume. Need to retest the level before it continue it's upward journey. Huge call writing at 1500, hence would be difficult to cross 1500 level. Once closes above 1500 and sustains there will be short covering rally. Long build up in OI seen last week.
Might retrace at least to 200 DEMA to gain momentum, but will depend upon the opening. Already 5 attempts is done to break the 1500 level, so probability is high it will break this time. Confluence of exponential EMAs also observed which increases the probability of up move.
** This chart is only for educational purpose.
BO has happened with volume. Need to retest the level before it continue it's upward journey. Huge call writing at 1500, hence would be difficult to cross 1500 level. Once closes above 1500 and sustains there will be short covering rally. Long build up in OI seen last week.
Might retrace at least to 200 DEMA to gain momentum, but will depend upon the opening. Already 5 attempts is done to break the 1500 level, so probability is high it will break this time. Confluence of exponential EMAs also observed which increases the probability of up move.
** This chart is only for educational purpose.
Trade active
On the moveTrade active
Expecting a good move tomorrow.Trade active
Finally the move came. What a move!!!!
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