Olectra Greentech Limited, a mojor electric bus company, in DTL BO zone. Also anticipation of BO of AVWAP from 52W High.
Lets learn new thing: AVWAP (stands for Anchored Volume Weighted Average Price): the average Price of a stock weighted by Volume from an Anchored point (swing low or swing high are good anchor points). Think like moving average but volume also include (not entirely true but to keep easy you can think like that) so it become more powerful as it involves both...
Nifty Levels for Tomorrow.. Trend : Bullish Sentiment : Positive Expectation : Strong Bullish Expecting Nifty open above R1 level with big gap up Open as Global indices and SGX are positive. We can expect nifty to test 16500 next week, so whenever we see a pull back its buying opportunity to go long at the Support levels.. Tomorrow wait for first 5 mins candle...
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BankIndia is at an important stage to go up or down : Reasons/Traits : • Came to test the trend line • Volumes are high • Todays close is higher than recent lower high • Price above 13/20 and crossed 50 EMA today and inching to 200 EMA • Price above VWAP • Increased open interest, high deliveries What can happen next : Scenario 1 : Price sustaining above 62.5...