BSE Retesting BO Levels with King CandleNSE:BSE aggressive Short trade as it made a king candle and is close to the previous BO levels and closing below 20 DSMA today.
About:
NSE:BSE is an Indian Stock Exchange at Dalal Street in Mumbai. The Co. facilitates a market for trading in equity, currencies, debt instruments, derivatives, and mutual funds.
F&O Activity:
Short Buildup in Futures with 6000 CE Gaining Significant OI.
Trade Setup:
It looks like a good 1:2 trade setup, with the recent swing high as a strong resistance zone, the RSI is Trending Down and closed below 20 DSMA, If levels are broken Can test 200 DSMA.
Target(Take Profit):
Around 200 DSMA Levels for Swing & Positional Trader.
Stop Loss:
Entry Candle Low for Swing Trader and Recent Swing High or 20 DSMA for Positional Trader.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
20dsma
BOI Showing Strength with Vol., Good Q3 and Below BV.NSE:BANKINDIA is showing strength with volumes getting picked since two days after good Q3 Numbers and RBI Liquidity Inject in the System. It is still trading below its book value of 155 Rs.
Bank of India posted a good set of numbers as fresh NPA accretion declined on a sequential basis. Margins were partly impacted due to lower margins on international book. Loan growth was healthy during the quarter. Lower credit costs and contained opex helped the bank post a good rise in net profit.
F&O Activity:
Significant Long Build-up with 105 PUT Showing Significant OI addition.
Trade Setup:
It can be a Good 1:2 RISK-REWARD Trade with the recent swing low being crucial. The stock closed above 20 DSMA.
Target(Take Profit):
115/116 Levels for Swing Trader and 155 for Positional Trader.
Stop-Loss:
99/100 For Swing Trader and Recent Base of 89-91 for Positional Trader.
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Aggressive Short call on WiproNSE:WIPRO Aggressive Short call on Wipro hovering near support zone if broken can give good swing, with MACD Showing Weakness, This is Purely Aggressive Trade and its Results are around the corner.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader.
Target(Take Profit):
Around 262 to 265 Levels for Swing Trade.
Stop-Loss:
Around 309-313 or When Breaches 20 DSMA For Swing Trade.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.