Good probability of an explosive move on either side.
There has been steady but small increase in OI since 26th Apr during which price was mostly declining. Then there was 27% increase in OI on 8-May (378 new contracts), which happened to be a green day. A closer look at volume profile pattern on the futures chart suggests buying near the support (not shown...
KAJARIACER has rallied non-stop for the past 3 weeks without a breather.
Now it zooming around it's current trend line setup and trying to withstand the pressure.
Estimated Trading period: 5-7 trading sessions
KAJARIACE (Kajaria Ceramics) on NSE is making a comeback with huge volumes and one-day recovery which mostly might be sold out at down-trend line.
Ask your financial advisor before investing, SHORT SELL KAJARIACE at 458 with Stop-loss of 468 and Target of 432.