Piramal Enterprise
(A.) Major Support & Resistance (Major Inside bar candle formation setup)
On 31 March 2020, a big candle with significant volumes was formed which might act as short term support & resistance. (Black Line)
(B.) Contraction of volatility (Minor Inside bar candle formation setup) - Very short term support & resistance
Contraction of volatility in the short term may lead to an increase in volatility which an intraday trader is looking for. (Blue lines)
(C.) At 1277 stock has strong resistance
(D.) Two gaps at
1150-1175
1341-1373
(A.) Major Support & Resistance (Major Inside bar candle formation setup)
On 31 March 2020, a big candle with significant volumes was formed which might act as short term support & resistance. (Black Line)
(B.) Contraction of volatility (Minor Inside bar candle formation setup) - Very short term support & resistance
Contraction of volatility in the short term may lead to an increase in volatility which an intraday trader is looking for. (Blue lines)
(C.) At 1277 stock has strong resistance
(D.) Two gaps at
1150-1175
1341-1373
Comment:
Blue line was support today