The stock has seen a stupendous rally....
we observe two gaps in the region around 280...once while going up and the 2nd while coming down....
Going forward, 282-288 zone could be a crucial resistance level to watch out for...
Given the set up one may Consider
selling Feb expiry 310 Call option around 10
& buy 330 Call Option around...
Nifty Closing Price 14238
- Nifty has seen a drop of 500 odd points from the top of 14753
- in the last 2 trading sessions, Nifty has traded the channel well...
Till the time green zone is held on to, Nifty has a possibility to bounce back...
Important levels on the downside: 14213 / 14193 / 14148 / 14105
Important levels on the upside :...
Last time we had suggested a bounce back towards the upper end of the channel
- Current rally is an extension beyond the channel similar to what we saw at the lower end of the channel ( a kind of mirror image pattern)
At current levels it provides good Risk::Reward ratio to go short....
HEROMOTOCO given good upside breakout upper the triangle channel. cam move towards upper FIBO LEVELS (MENTIONED IN CHARTS) in coming days.
View Negates below 3017 levels.
Must have this in watch-list for coming days.
- Yesterday's close truly reflects the importance of Data Analysis along with Technical Analysis.
- On the options front Retail traders are Net Call Buyers and Net Put Sellers (Bullish)
- FIIS are Net Call and Put buyers (Neutral)
- Proprietary traders are Net Call Sellers and Net Put Buyers (Bearish to sideways)
- Majority of Call...
LIC HSG FIN
- The stock is running in to a series of potential line of resistance around 404 / 418 / 424 / 439
Given the chart set up
One may consider selling LIC HSG FIN 440 Call Option for Jan 28 expiry
Lot size 2000
Max profit potential Rs 14200/- per lot. Yield potential of 8.5% on Margin Capital
Risk cover for a rise in price up to...
Trading Idea: Positional/Short term/Swing traders can enter too for short term gains
Reason Behind Call: RBL bank is at demand zone . Chart is looking good for good rally in coming days.
Chart Pattern: Price Action
Targets: 330/400 Plus
Stop Loss: 200 on Daily Closing Basis
Holding Period: 3 to 6 months
DISCLAIMER: Trading Ideas are shared for...
NSE:NIFTY nifty elliot wave formation head and shoulder....short bank nifty it can correct about 500-1000 point in coming days from this point
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Back in August, 04th August 2020, to be precise, we had put forth this scenario that Nifty could potentially make new highs in the next 6 months... . At that point it seemed crazy, ridiculous, impossible, but come November, we are in the 4th month and here we are, Nifty at a new high...
This is what we had said back then...
by trading above 10551 for a...
Tata Motors CMP trend is visibly showing higher highs and lower lows for past few months. Lows have significantly increased for minimum RSI and demand volume has increased considerably. Next Breakout is expected in a month when Tata Motors breaches 153 price level of resistance. Trend is expected to continue post this breakout as next level of resistance is the...
Strong and HIGH PROBABILITY BUY SETUP on Sun Pharma. Currently in the best price zone to buy (510-500). Target: 562, 580
Time duration: HOLD for at least a month. Expected ROI 11-16%
The factors supporting our view are as follows:
1. Price is sitting just above the parallel channel's support trend line
2. Price is sitting just above an important psychological...