Sonu5740

Sonu5740 Updated 

Network18 is in a great position for long call The stock has retraced much deep into the range as expected since the size of the breach is little less than the range height. See the volume activity during down move indicating a healthy retracement. Now the stock is in consolidation with a upward wedge formation with low volume (Low volume consolidation is gold as...

Sonu5740 Updated 

1. This stock made a monthly cup breakout (Powerful) with great volume. 2. After breakout in weekly timeframe there was consolidation with weekly breakout. 3. In daily timeframe, we can see a trend developing and starting of retracement. 4. Retracement will not be deep since the daily breakout is very strong. 5. Waiting for the market sentiment to be good. 6....

Sonu5740 Updated 

Looking for a pullback to enter Since overall market is bearish....let the market stabilize. It might take some days for the pullback to complete.

Sonu5740 Updated 

Sentiment Analysis 1. Today FII selling was lowest 2. Market was holding the gap up for two days 3. Most of the call buildup are shifted from 1700 to 17200 From the Price action....if the first 5 min candle is green tomorrow market will be bullish till 17200 Further price action after 1.30 pm at 17200 will suggest the expiry if FII will come and start...

Sonu5740 Updated 

Bank Nifty has taken resistance exactly from the level the previous day from where the downtrend started on 26 Nov 2021 Scroll backward for the level. Technical Analysis explained in the chart Sentiment Analysis Global sentiment is negative due to high US inflation number. Call buildup is huge at the resistance level 37500 for this weeks expiry. Three day range...