P_Saha

P_Saha

Today closed below 100 DEMA. Increased vol on downside. Making LH; Good call writing in ITM. Price will go down now to the next support zone near 338 Retracement can be 38.2, 0.5 - 345 or 61.8 - 333

P_Saha Updated 

Given breakout with vol; Closing near high is good sign; PCR is below 0.5 and OC is extremely bullish RSI bullish; Closed abv 50 DEMA today bullish sign; If crosses 160 then will move towards 180; If it crosses 180 then huge shrt covering rally will be seen. Might have a gap up tomorrow.

P_Saha

RSI shows -ve divergence but OC looks very bullish. If stock cross 374 then probability of moving to 400 increases. T - 385, 393, 403 Huge short covering if it cross 380; * This chart is for educational study only and not any investment idea.

P_Saha Updated 

If crosses 375 then will move upwards; Possible through GAP UP But it has approached resistance; It it retraces up to 330-338 a good buying zone; Hence need to wait till it retraces and then moves up or gives gap up opening and then reach T1.

P_Saha Updated 

Nifty has broken the structure in upward side and hence will move upwards.

P_Saha Updated 

As of now if the Structure breaks on the upper side then chances would increase to move ahead to 11700 range.

P_Saha

Expecting the formation to complete if Nifty breaks the structure and gives a close.

P_Saha

Nifty is trying to form a H&S pattern. If it succeeds then we see upside.