IOC on a daily chart is following a down channel .lower lows are being formed. and lower highs. this is a false recovery probably upto 414 . oscillators and tech indicators are in favor . this can be cashed in. the last 5 candles are pretty strong. but if we see a channel break out that will be a big bonus.
There is resistance zone around 390. if the stock sees to...
Hi All ,
No naked put /call /buy /sell
BUY 380 mar put @ 11.5
BUY 380 mar call @10
What say folks it won't move 20+ points in a month ?
So let the option writers figure it out.
Trading Rule: No over leverage and buy 10 lots ,
just buy 1 lot if you 2 lakh capital , if you have 4 lakh capital buy 2 lots.
Symmetrical traingle has been in formation for some months . But it failed to breakout upside. Instead it brokedown and it has a bear closing on today's daily candle.
Cmp is around 378.
1st setup : Short trade ( Intraday )
Depending on tmr's opening, trade can initiated at two levels.
a - 382 to 384 level on retracement.
b - Below 378 on bearish candle...
My Disclaimer -
I am neither professional nor a registered analyst with SEBI or any other body, I read price and time charts for my own study and may or may not take any position on any of them.
If I share my study with you, it is purely for Study purpose, and any Profit/ Losses arising out of anyone taking any position shall be at their sole risk and...
Price movement has reached the Trendline resistance again.
Watch it for close above 407 for next two days.
for 11/12/17 A gap up above 407 and sustain will confirm the breakout provided if volumes support.
or else wait for two days for price action to go long on breakout.
IOC has been moving in a triangle for a while. After a recent consolidation at its base and a duoble bottom, it made a big leg up to it trendline, may reverse frmo there or make a flag before breaking out to the next trendline, or making a leg down to th base again. FIB levels looks good and coincides withthe sup/resistance and Trendlines.