BPCL chart showing high volume selling today, RSI tanked below 60.
If stock breaks 375 with volumes, more pain to be witnessed. If a bounce is witnessed after touching 373-375, might zoom above more.
Levels mentioned in chart.
Do your research before taking trading decision.
TITAN has breached resistance and expected to touch 1159 to 1175 targets. Previous resistance expected to act as support.
RSI is trading above 70 which shows momentum and bias towards buying strength.
View negated below 1125 on hourly closing basis.
Kindly do your own research before taking trading decision.
Security is trading between 116 and 120. Upper limit is 122. Bulls will be active above 122 if sustained for 15 mins.
Bias - Bullish ⏫
Note - Please wait till the levels are active. View negated if stock is below 116 on closing basis. This is an educational idea which would be updated on further price action observations. In no ways it is a buy/sell recommendation.
Took support on 4H TF.
Buy 560 CE September and hold till sustains above 6.85
Target 11 13 16 +
SL below 5.5
PS Only for educational purposes, Do your own research, not SEBI registered
BANKNIFTY levels including CPR for tomorrow.
Please enter your trades only when price breaks out from CPR on 3m chart.
If gap down tomorrow, use support lines.
If gap up tomorrow, use resistance lines.
Daily chart making Lower Highs, expecting more downward momentum for September series.
Trade Plan :-
- Only consider shorting/buying put options if close below 1400.
- If above condition satisfied, Buy 1350 put option for September expiry (CMP 45). Target - 57 / 66 / 70.
- Keep SL if daily close of spot above 1450.
- View negated if price closed above 1450...