great analysis. i just want to add one thing, i plotted a vertical trendline on weekly timeframe and it is seen that it has respected it quite nicely in the past. Is it correct?
Kapil-Mittal
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@nilesh747, I'm hoping by vertical trendline you mean resistance line, then yes it has respected it nicely
nilesh747
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no I am talking about support
nilesh747
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how to send you pic?
atharvapetkar7
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sir unfortunateky i have sld 3660pe of tcs of this expiry @51 so what should i do any suggestion from ur side?? should i wait till expiry and exit it at cost to cost or book the loss?? please guide me
Kapil-Mittal
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@atharvapetkar7, Is it a hedged position or a naked one? If it's a hedged one you can wait till expiry to atleast enjoy the premiums. It will certainly need some time to reverse and come back to your expected levels
atharvapetkar7
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@ikapilmittal, no, its a naked position sir, as per sensibull its showing that if tcs goes to 3610 till expiry then I will be in some profits.. so will it show those levels? abv 3610 till expiry only will show me profits, and on sunday reliance results are also there if those didnt come well then reliance will also drag the market ? right sir? so what should I do?
Kapil-Mittal
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@atharvapetkar7, It will definitely come back to retest 44EMA but the problem is with time. If the price is able to stay above the support keep holding your position, waiting till expiry is in my opinion the best way to go for now
atharvapetkar7
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@ikapilmittal, ok sir will wait then tysm for ur support!.