The stock is facing resistance at 860 and support at 830. One can short 810 PE = 2.2 820 PE = 3.3 890 CE = 2.8 900 CE = 2.05 If you are aggressive add up 870 PE = 5.55 880 PE = 3.95
The stock is cooling off after a great rally. The OI has reduced a lot across option chain indicating IV cool off. For conservative trader 900 PE + 1000 CE = 8.10 + 7.25 = 15.35 = 15350 INR For aggressive trader add up 980 CE 900 PE+980 CE+ 1000 CE = 8.10+11.60+7.25 = 26.95 = 26950 INR
Mcdowell-N has formed a bearish butterfly pattern. Trade can be taken as per the set up
The stock has formed a bearish butterfly pattern in weekly chart. Aggressive short trade is already on. Conservative traders can enter now as per the trade set up.
The stock has formed a bearish Bat in hourly chart. One can wait for confirmation around 885 level and initiate a short position as per the trade set up in chart.
The stock has formed a bearish bat pattern in hourly chart. One can wait for confirmation around 885 to initiate a short position as per trade set up in chart.
Yes bank has formed a cup and handle pattern. This is for learning only....
The stock is forming a bearish bat pattern in weekly chart. The pattern is still not complete. The stock is making higher highs. one can wait for the formation and can initiate a trade accordingly.
Banknifty definitely broke long term uptrend. In short term it formed a descending triangle. Breaking 23850 on lower side will be bearish and breaking 24500 will be bullish.
The stock looks range bound in long term and uptrend is short term. As long as it is not breaking the redline below the short trend is valid.
There are repeating pattern in this chart. Doji!!! Will be interesting to observe this
The stock has retraced and showing a bullish pattern. One can long with SL as per the chart.
The stock has formed a shooting star on top after three consecutive bullish candles forming higher high indicating a potential top reversal. It could be due to Nifty effect. My bet is it will retrace to 23.6% before moving further. one can initiate a short position if it breaches previous candle low with strict SL.
Just for Discussion. It should reach and fill the gap near 824 before reversing to 880 zone by this expiry.