ONGC
Observations
- we are looking at daily candlestick chart pattern
- In Jan 2023 stock faced resistance around 151-152 odd levels
- mid Feb we see a breakout
- currently the stock is holding on above 151 odd levels
set up opens up doors for upside up to 166-168 odd levels
SL If stock is closing below 150 on daily charts
I have gone with a trading...
This is not a recommendation.
Trading in Futures & Options involves real money and high risk. Hence there is a need to do more study before you randomly take a decision.
Just like in a game of Chess, when you plan to make a move, you need to factor in opposition's game strategy.
Using the same principle, when trading in Futures & Options, we should be aware...
Nifty
CMP 15853
Observations
- Nifty traded in down trend channel since Feb 2021 till April 2021
- Currently Nifty is trading in Uptrend channel
Now that we have identified the trend, let us look and analyze Futures & Options data for 05 July 2021 and understand how each market participant viz
- the Retail traders,
- FIIs and
- Proprietary traders
have...
