ParimalDevnath

ParimalDevnath

Price could veer through the resistance of 311 and remained below 321-- second resistance as expressed yesterday. Well done. Negative Divergence on Stochastic was mauled by strong bullish sentiment. What now? Pitchfork and OI Table should help us. Today bears built huge position at 320 Call strike (total 1593000 shares added) and this is standing as the big...

ParimalDevnath

Regular Flag patter as has been recommended a few days ago has done well. Price reaching the doorsteps of 200 DMA-- crucial zone. Regular Flags often do quite well and fast.

ParimalDevnath

After a handsome gain price moved in a small range today. The chart looks quite bullish though Oscillators are in the Overbought zone. Ascending Triangle has done well. Thanks to the MARKET. OI Table: Today bears have written huge quantity at 1240 Calls strike (total 1052000 shares added). So bulls could not push beyond 1232. Bulls are holding the level of 1100...

ParimalDevnath

One Regular Flag give some upside and one more bullish Flag is forming which may take the price to our target of 5th wave and the resistance of Pitchfork. But first price should go above 100 DMA.

ParimalDevnath

For last 12 instances 200 DMA is supporting the price. At present price has come very close to 200 DMA again. Holding onto the same (203), price may see 324.

ParimalDevnath

Negative Divergence developed on Stochastic and MACD Indicators coupled with heavy selling of 800 Calls by bears. One can sell for the target at 760 and below. Stop Loss may be placed at 800. All the best.