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Wavozen Updated 

Reason for long a) vWAP support play b) Pin bar just rejected from vwap Hence long c) TCS results may push towards upside or down side Hence SL compulsory

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Reason for long a) wait for price reversal pin bar for long at support b) Wait for support to touch the price.

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Reason for short side a) price is below the previous week low and near the monthly low at 17358 (Spot). b) Hence possibility to touch the monthly low to form a false low or double bottom at 17350 level c) Moreover, daily 20 ema as to touch the price before it reverse from this level.

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Reason for long a) channel play and price within the channel for several weeks b) volume accumulation zone c) possibility of formation an alternative to SBI bank. Hence more volume may pick-in in future. This is purely my assumption based on current indian economy.

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Reason for long a) weekly consolidation breakout play b) Monthly Bamm Play in gross c) positive volume during consolidation formation.

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Reason for long a) Long possibility has high probability, if today high closes in green or in today bars as pin bar. b) Support formed to bounce from this level to achieve 17900 levels.

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Reason for long for 3 to 5 days a) price above vwap levels b) bullish consolidation for long

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Reason for long a) All time high breakout b) Price and volume breakout

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Reason for short a) bearish flag set up b) 39000 is strong resistance and it is round number resistance as well. Hence 39000 ce short (21 April expiry) at 110 to 130 with hedge of 40000 ce (21 expiry date)at 20 to 30 premium (bear call set up till next monday - 18 april 2022)

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Reason for long a) Wave 4 possibility and if formed and length equal to wave 1 b)Wave 2 is deep and hence wave 4 is shallow; this confirms the long possibility c) power sector is in swing mode; this supports the sectorial strength to this stock.

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Reason for long a) monthly bamm set up but sometimes, it may form m also. so be careful and stick with your SL. b)RSI above 61 level indicating the move towards 148 level.

Wavozen Updated 

Reason for long a) volume spurt b) tl breakout c) W formation possible for long term investment

Wavozen Updated 

Reason for short a) Head and shoulder set up for short b) OI indicating bearishness looks like BV set up consolidation for short

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Reason for long a) bamm set up for long b) volume accumulation indicated by volume bars for long

Wavozen Updated 

Reason for short a) inverted cup and handle pattern for short b) Break of previous day low indicating some weakness and helps for short

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Reason for short a) Inverted cup and handle for short b) bearish flag pattern internally for short c) OI showing strong resistance at 17900 for short 18100 or 18000 call short if touches to 15 to 20 of expiry day trade

Wavozen Updated 

Sl compulsory Duration 3 days and moderately high volume 3 week consolidation breakout

Wavozen Updated 

Reason for short a) vwap resistance short. b) channel short position. c) BNF is more weaker than NF.