Equity_OptionTrader

Equity_OptionTrader

#NIFTY50 1. Opened Gap Up and sustained above 16400 throughout the day. 2. It was forming a Rounding Bottom however, NIFTY broke out with a Gap Up. Would personally love a dip to 16350 odd levels to initiate longs for better RRR. 3. 17150-17250 is Big Resistance and I am expecting NIFTY to reach there before any major profit booking. 4. 15700 can be considered as...

Equity_OptionTrader Updated 

#BANKNIFTY 1. It is trading in range of 34800 - 33000 for past few days. That's range of 1200 points. 2. Today again it faced resistance around 34800 levels and witnessed profit booking. 3. For tomorrow, 33900 is the key level for downside. If sustains above 33900 on HCB, one can expected retest of 34800+ levels. 4. If 33900 breaks on HCB, 33600 would be 1st...

Equity_OptionTrader

Stock got listed today. Personally I'd like to see stock behaviour before investing big. Focus is on Intraday for a few days. Stock constantly made Lower Highs and Lower Lows after listing. With less room available now, stock may give Intraday Break Out or Break Down tomorrow. I'd personally like to go long as long as 860 is intact on 15Min Closing Basis. Target...

Equity_OptionTrader Updated 

1. As you can see in the chart, #NIFTY is in LH-LL structure since September 2021. It's a prolonged consolidation and looks like it's going to continue for some more time. 2. Whenever NIFTY has hit channel bottom, recovery has been fast. And whenever NIFTY has hit channel top, it enters bearish consolidation phase. 3. On Friday, NIFTY made a Abandoned Baby candle,...

Equity_OptionTrader

#BANKNIFTY Expecting some serious fire works soon, may be some expiry special tomorrow. Here's 1 Hour chart for you all to study. Study it and let me know what should come first A) 35400 or B) 33900 You may answer in Comment Section.

Equity_OptionTrader

Here is #NIFTY 1 Hour Chart... As Beauty lies in the eyes of beholder, chart pattern also lies in the eyes of watcher... 1. One can see Inverted H&S, H&S, Rounding Top, Bearish Flag, Bullish Flag...all kinds of patterns here. 2. Market has been such that we're witnessing different kind of movements too soon, helped by Gap Ups and Downs. 3. For a trader, it's...

Equity_OptionTrader

Stock witnessed tremendous buying from huge gap down and closed with huge green candle. Volume and RSI in support but closed near Resistance zone. Will you buy now or wait further? Share your answer in comment section.

Equity_OptionTrader

1. 121-125 is strong Support zone for #ASHOKLEY. 2. 130-132 is Resistance Zone. 3. Clashing above 132 will invite further targets of 142/148/153. 4. Add till 122 with SL of closing below 121. 5. Volumes have reduced for past few sessions indicating a squeeze anytime soon. 6. Consult your financial adviser for before investing. If worth it, Do Like, Share and Comment.

Equity_OptionTrader Updated 

1. #NIFTY50 has now retested 16800-16840 Support Zone 5 times in 4 Months. 2. It is bearish as long as trading below 17300 DCB. 3. 16800 is by default an all important support which once broken and sustained on closing basis may force NIFTY to retest Support 1 and 2 as mentioned. 4. It's too early to call out for such falls but as a trader one needs to know the...

Equity_OptionTrader Updated 

1. Stock has made a Bearish Flag pattern on Daily Time Frame. 2. Stock was continuously taking support on rising trendline however, yesterday's selling made the stock break down the line. 3. Today, stock has regained the Tl support with good volume with RSI support, classifying the break down as failed break down. 4. 362 would the area of Resistance (TL Resistance...

Equity_OptionTrader

#INFY has broken down TL support on Monthly Time Frame. Confirmation by Month End. Next major support: 1540-1545 Best buy zone: 1320-1415 (if BD is confirmed)

Equity_OptionTrader

#DELTACORP at important levels. Break Out Retest done. If Wednesday's low is saved, we can again see 330/340+ levels. If broken, we'd see sub 282 levels. In any case, good trade opportunity here.

Equity_OptionTrader

1. Stock has been consolidating for over year now. 2. Did attempt channel break out but failed. Attempted it again. 3. 448 is the spot where stock faced resistance (ATH) and fell twice from same levels. 4. Stock may again attempt to break 448 and sustain above it. 450 being a round number sounds better trigger to enter. 5. Weekly closing above 450 can lead stock...

Equity_OptionTrader

#RBLBANK 1. Bearish on All Time Frames. 2. Rounding Top on Monthly Time Frame. Stock looks all set to retest the Covid Low of 105. 3. 117-105 levels will also act as major support and can be good buying opportunity if 105 is saved on Monthly Closing Basis to again reclaim 175/225+ levels. 4. Monthly Closing below 105 will lead stock to Two Digits and new All Time...

Equity_OptionTrader

#NMDC 1. Strong weekly closing. 2. Box Break Out done. Rounding Bottom Break Out awaited. 3. Targets can be as high as upto 225+ however, short term target is 195 once stock starts trading above 176. 4. Weekly closing above 195 will increase the momentum. 5. Consult your financial advisor before investing. If you found worth it, Do Like, Share and Comment.

Equity_OptionTrader

#ITC 1. Inv. H&S Break Out on Weekly Time Frame well supported by RSI. 2. 245-260 is strong base and any dip towards these levels is buying opportunity. (Chances of dips are less though) 3. 325 is the minimum target. My personal target is 600+ in coming months. 4. Closing below 220 WCB is SL for this view. 5. Consult your financial advisor before investing. If you...

Equity_OptionTrader

#HDFC BANK 1. Stock was all set for an Inv. H&S Break Out. However, Merger news caused a huge gap up. 2. Stock has now retested BO trend line . 3. Above 1521, stock can resume its upward journey with major supports placed at 1500/1470. 4. Target: Fresh all time high. 5. Consult your financial advisor before investing. If you found worth it, Do Like, Share and Comment.

Equity_OptionTrader

1. #NIFTY is trying to conslidate between range 17960 - 17670. Major directional movement when one of the spot is taken out decisively. 2. Positionally, major resistance placed at 17850 and major support at 17340. 3. RSI broke down to cool off which is a good sign for Market as long as #NIFTY is holding 17670 on CB. 4. Bias is positive. Next few days will be...