Havells made an inside bar today . OI data suggests increase in OI in Put options of strikes 680,690 and decrease in OI of call options of 690 to 720 strikes . it suggests that as stock broke a trend line today so if tomorrow PDH is broken it can go long side .
buy if PDH is broken with a stoploss at PDL
Bounced From Support Zone.
Break Out From Down Trend Line.
Price Respected 200 EMA & Moved Above 21 EMA.
Above 38.2% Fibonacci.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.