Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish engulfing at support and seems to be a bullish reversal. Moreover, there seems to be a RSI divergence as well.
The relative strength compared to Nifty seems to be weak though which is a negative point.
SL: 2250 INR
I am posting this as one of the follower on twitter requested for it.
1) On 1day time frame, it is still sustaining above the parallel channel. Please refer the same which was provided in previous trade setup.
Please refer below chart : 1 day Time Frame.
2) On 1 day time frame,...
I am posting this as one of the follower requested on twitter.
1) On daily time frame, we can see that it is trading below 200DMA which is placed at 2429.01 level.
Also it is in the critical zone of 2365-2400 range.
If we see in past, it stays below 200DMA for short time only.
Safe positional buy trade will be only on...