captainarora

captainarora

GAIL has formed a W pattern on Daily TF. 82.5 was monthly support that got broken, and is now acting as resistance. same has been tested more than 4 times on 75m TF. if 82.5 is broken by a clear Covering Candle on 60m / 75 m TF - Can go long positionaly with 82.0 as SL.

captainarora

Powergrid is on an uptrend, and if breaks the resistance of 192, next target should be 200 in few trading sessions.

captainarora

BankNifty Vixfix has been continuously increasing and the OBV decreasing, basis yesterday EOD data they have reached the point of intersection after which they will diverge. - this is an indication of large downside correction and i estimate atleast 1000 points more.

captainarora

The OBV is coming down, and VixFix is increasing - they are intersecting and therefore first target should be 20 points from here.

captainarora

TCS is currently testing its support of 2200, and has closed below it today. I use Vix Fix along with On Balance Volume to see the trend. Here the OBV is decreasing while the Vix is increasing - clear indication of Share sliding down. Further confirmation is taken using a setup of Stochastic Momentum and Awesome Oscillator. Stochastic shows the beginning of down...

captainarora

The vixfix is coming down and the On Balance Volume is going up.. recipe for a long rally, also confirmed by Stochastic Momentum. It could be a slow rally upwards so will prefer entry via Jan series Call.