"AB = CD" is Ends (here "D" Extended to Max 1.272)
Fact:
If i am not wrong, when Electronic Media along with Foreign Fund Houses SHOUTING for a sector to LONG => Actually they Insist RETAILERs to long as because they Planned to Exit for time being. (i.e. Profit booking for themselves).
Mention one instance: On 06/07/2018 One of renamed FUND House announce...
I posted this breakout on weekly chart on 25th of August. News of this stock being included in Nifty50 (in place of Lupin) came yesterday. A breakout stock on weekly chart carries lot of meaning.
Bears were holding onto 1300 Call for about a month. Today they gave up. In the second half of the session, bears unwound their grip on 1300 Call and shifted their focus towards 1340 Call strike -- highest OI-- for the August series. Now we shall keep two eyes on 1340 level for next two sessions. For the September series, we shall get clarity regarding OI position...
