Levels: Support: 18020, 18020, 17950 Resistance: 18100, 18120, 18140, 18170 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18052.7 ATM: 18050 , ITM: 18000, 17950, 17900 , OTM: 18100, 18150, 18200 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI...
Levels: Support: 41000, 40850, 40650, 40450 Resistance: 41330, 41430, 41680, 42000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 41146.65 ATM: 41100 , ITM: 41000, 40900, 40800 , OTM: 41200, 41300, 41400 ---------------------------------------------------------------------| Highest OI Call in Bank...
Levels: Support: 18050, 18020, 17980 Resistance: 18100, 18125, 18175 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18082.85 ATM: 18100 , ITM: 18050, 18000, 17950 , OTM: 18150, 18200, 18250 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI data:...
High Tech Pipes Ltd has some of the following features: A rounding bottom formation and breakout A rectangular consolidation over time and price is staying above it Trade: Positional Buy at CMP with a SL of 625, Target: 685. (CMP: 657)
Levels: Support: 41000, 40850, 40650 Resistance: 41350, 41425, 41675 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 41289.55 ATM: 41300 , ITM: 41200, 41100, 41000 , OTM: 41400, 41500, 41600 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI...
NSE:DRREDDY seems could not be able to pierce through the major resistance line around 4625 (the recent swing high). Note the volume. It's pretty significant and coincides with the Q2 result. So, things are interesting here. Chartically, the following traits are seen: A Head & Shoulder formation is seen with the neckline around 4200. There is a downtrend...
NSE:RAILTEL has a perfect, copy book Cup & Handle pattern formation. The chart looks bullish with the following properties: A long term Cup & Hande formation with a good volume breakout. If it sustains above 120, one can go long with a SL of the neckline of the Cup & Handle pattern (i.e. 117) Long above 120 with a SL of 117.
NSE:ANDHRAPAP looks lucrative in the chart. Reasons: A rounding bottom patten created over few monts. Good volume. Short term bullish trend Buy above 500, SL: 470, Target: 530.
Levels: Support: 41000, 40600, 40450, 39900 Resistance: 41400, The red uptrendline (whereever the price crosses) OI Data: Highest OI Call in Bank Nifty per OI data: 41300 Highest OI Put in Bank Nifty per IO data: 41000 Nearest Major Resistance in Bank Nifty per OI data: 41700 Nearest Major Support in Bank Nifty per IO data: 40900 Trade setup: 1. For any...
A very interesting chart formation. Let me explain: There is an outer rounding bottom at the outside (since Jan 2022), followed by rectangle a consolidation. Inside the outer rounding bottom there is another rounding bottom, followed by a rectangle consolidation. After the inner rounding bottom - just note the big green candle. Who knows the same will...
Cigniti Technology (A Bangalore based AI company) has shown a very promising breakout structure after 10 months of rounding bottom formation. Most likely their recent Q2 results has some spark in it. Reasons: High Volume Rounding bottom formation since Dec'2021 and finally it's breakout ready. Long with SL of 580, target: 640/660. CMP: 620
Logic (Range bound): In shorter period, it's ascending triangle (green lines). In longer tf (red downtrend line is longer time downslope trendline), it's symmetrical triangle (pennant). Most likely the breakout will be at higher level only as the shorter term is bullish. Fundamentally : Kotak Bank is the _best_ asset quality bank across PSU and pvt banks. Very...
Support : 41040, 40810, 40640, 40414 Resistance : 41372, 41627
Support : 17600, 17520, 17420 Resistance : 17675, 17795, 17950
Very Interesting. Sort of (heterodox) Elliot Wave (sic). Just plot in in Daily chart. What you see: 4 triangles - in the order of smaller highest medium smaller height (noted in the green flags). Lets call it our Elliot Waves 12345-ABC. (The green flags are motive peaks and reds are corrective trough. After that there is a rounding bottom - shown as blue...
Excellent and encouraging chart formation in Daily timeframe. Look at it: The chart is now breaking out (and in retesting mode) of the long term falling trendline (red color) The solid long term supports one can see first 2156, then 2050 level. Higher side: 2400, 2700. Keep SL of 2150. CMP: 2260
We are looking into long term trend of J K paper in weekly timeframe with the help of Elliot Wave and Fib. Here are our observations: We are actually in the corrective A,B,C phase of wave formation. The recent move of around 365 to 400+ is the wave-B of corrective wave-A,B,C. The major corrective wave-C may be extended upto the 61.8% (Golden Ratio) of...
It's a W pattern formation. Followed by the price is consolidating around the neckline trendline. Today a smallish green candle formed out of the consolidation zone, breaking above a falling trendline. Keep an watch.