Resistance zone at 1190-1195 Negative RSI divergence on daily Target - 1105 SL 1204
Approaching resistance. Substantial open interest at 10800 and 11000 calls.
Making lower highs lower lows. RSI reversed. Rejected from downward sloping trendline today. Target 2180, Stop-loss 2560
Shall come up to fill the gap on daily. Target - 1010 Stop-loss - 928
A classical bottom formation. It broke support of 430-435, triggered most of stop losses and bounced back with high volatility. Also, it has formed a bullish harami pattern on hourly. RSI oversold too. Should bounce back to 460 levels. Stop of 395
Short ICICI Bank near 365-366 levels. Stop - 370.5 Target - 347
Very close to long term trendline which has been respected twice. RSI would be oversold by next week.
Nifty reversed after touching the resistance level trendline. RSI at its higher end. Formed a Bearish Engulfing pattern today. Per derivative data, we can see unwinding in 10500,10600 and 10700 puts indicating exits by put writters.
Reversal from long term trendline RSI in support zone too.
It has been observed that Bank of India is near its support zone where it has recently taken support several times. Also, RSI is approaching its support level. Reversal from these levels shall take it to 185. SL - 166
sun pharma bearish run seem to be over as the worst is priced in. stock moving slowly, good long term portfolio buy.
Triangle breakout with volumes on hourly charts.
After making double top at 210-212, it has corrected to levels of below 180. Should take support from the trend-line. Stop loss of 174, Target of 198
Price action post the quarterly results has bought it down to its previous lows of 2382. RSI - oversold Tgt 2520, Stop 2380
Moving in a channel, Nearing upper band of channel. Short by selling out of the money calls. Calls are expensive. Short 780 calls, now trading at 12. SL 18. Tgt 0 if held till expiry.
Target - 360 Stop - Half of the long green candle (315)