Positive: 1. Bounced back from its upward trend line with decent volume 2.Making higher top and higher bottom 3.Crossed 20,50,100,200 DMA 4. Momentum indicator and Trent indicators showing positive Points to look: 1. No significant change in the Open interest 2.20 points away from its all time high Stock just brooked the 8 month range bound between 546 and...
Stock is forming a triangle pattern in weekly chart. Wait for breakout with good volume to enter the trade....
Ref chart.. -Stock touched its upward trend line and reversed. - Raise in Open interest in 13% short side - Bearish Engulfing
1.Broken the 200 DMA with Volume 2. Broken the consolidation of 7 Months
Ref Chart
Ref chart. After a sharp fall, stock had reversed today with support of 200DMA with volume, can expect good rally from here as long as it holds 150.
Ref Chart. 8 % raise in Open interest with high volume. There is a potential for another 10 points with stop loss of 385.