B_Anshuman

B_Anshuman

My question is - Is it a classic Retest and Rebound ? Can we expect the price to go down because if it goes down , it may see 465 or even 450 levels ! Am I correct ?

B_Anshuman

highlighted area - 1st 2 volume was high but the movement was not sharp , another volume was comparatively very low , but the price movement was astronomical ! seemed to be a trap for bulls ! Can go the level of 483. will look for movement from there ! For now it is bearish !

B_Anshuman

Probable rebound point is drawn. Moving in a range for some time indicating someone buying futures ! Huge call option writing suggest that the rebound will happen after reaching support and not before that !

B_Anshuman

Bajaj Finance saw a strong up move with increasing volumes. But there was a pullback as per the basic theories of PA and the support was found and it it going towards the resistance of 3720. If it crosses 3720 with volume. It can give a sharper upmove ! Futures data suggest that the pullback has seen no change in futures OI. Also options data suggest call OI is...

B_Anshuman

Chola is getting into a triangle pattern ! On the verge of a immediate resistance. Options data suggest that call writing is happening ! Futures Data suggest that price has declined but Futures OI hasn't decreased relatively !

B_Anshuman

I am new to this. Pls correct me if I am wrong ! Maruti will go up according to this pattern . Am I right ?

B_Anshuman

Red section suggests INVERSE HEAD and SHOULDERS implying an increase in price ! But the PURPLE one suggests a decrease should be on cards tomorrow. What do you peeps say ? I say it will decrease because expiry is coming and people will try to book profits ! I need inputs. new to PAT !