kalyanganguly

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish breakout with volume. The breakout is crossed the high supply zone which caused a gap down. RSI above 65 indicates bullish momentum. SL: 103₹

kalyanganguly

Note: This is for educational purpose only. Please do not trade F&O in this. There seems to be a bullish breakout in play. The breakout is happening from last 52 week resistance. There seems to be a breakout is RSI as well. RSI at 69 indicates bullish momentum. Moreover, the breakout is happening post build up near resistance which is a sign of strength. SL: 220₹

kalyanganguly

Note: This is for educational purpose only and please do not trade in F&O. There seems to be a potential for bullish breakout above 2135₹ levels. RSI above 60 indicates bullish momentum. SL: 2000₹

kalyanganguly

Note: This is for educational purpose only. Please do not trade in F&O. 20 EMA seems to be acting as dynamic support for JSW Steel. There seems to be a hammer formation at 20 EMA. Expecting a bounce back from here. SL: 385₹

kalyanganguly

Note: This is for educational purpose only. Please do not trade in F&O. There seems to be a rising channel bullish breakout on back of high volume. There seems to be a bullish breakout in RSI as well. Moreover, RSI above 65 indicates bullish momentum. SL: 2360₹

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish reversal from trendline support which coincides with 200 moving average. Moreover, the reversal volume matches with the selling volume which mean demand is more at support. Hence, the current bullish candle engulfs the large bearish candle. There seems to be a RSI breakout as well. SL: 1445₹

kalyanganguly

Note: This is for educational purpose and do not trade in F&O. There seems to be a hammer on 200 MA which coincides with 61.8% Fibonacci retracement. There is a loss in momentum on bearish side. SL: 309₹

kalyanganguly

Note: This is for educational purpose only and do not trade in F&O. There seems to be a hammer at previous support zone which also coincides with 200 moving average. There seems to be a convergence in price and momentum (RSI). SL: 1825₹

kalyanganguly

Note: This is for educational purpose only and do not trade in F&O. Price seems to be making lower lows whereas corresponding RSI seems to be making higher highs. Seems like Bullish divergence. Moreover, there seems to be a formation of bullish inverted hammer at last swing low. SL: 234₹

kalyanganguly

Note: This is for educational purpose only and do not trade F&O options based on this analysis. There seems to be a bullish breakout post W pattern formation with high volume. Similar breakout can be seen on RSI as well. RSI above 65 indicates bullish momentum. SL: 850₹

kalyanganguly

Note: This is for educational purpose only and please do not trade in F&O. There seems to be a breakout with good volume on "weekly" time frame. The breakout has happened since September 2019. There seems to be a breakout on RSI as well. SL: 180₹

kalyanganguly

Note: This is for educational purpose only. Please do not trade in F&O based on this. There seems to be a bullish breakout with high volume. There seems to be similar breakout in RSI as well. Volumes have increased as well. RSI above 65 indicates bullish momentum. You can buy 50% now and rest in dips until 221₹ - 219₹. My SL is: 212₹

kalyanganguly

Note: This is for educational purpose only. There seems to be an inverted bullish hammer at support of ascending triangle. RSI seems to bouncing from support line.

kalyanganguly

Note: This is for educational purpose only. There seems to be bullish bounce back from 50 EMA (acting as dynamic support), 61.8% Fibonacci level and last swing low with good volume. Similar pattern can be seen in RSI as well.

kalyanganguly

Note: This is for educational purpose only. There seems to be an unconventional bullish engulfing of last 8 sessions with high volume. This indicates today's price has engulfed the price action of last 8 sessions. RSI above 65 indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish hammer at resistance turned into support. Moreover RSI above 60 indicates bullish momentum.

kalyanganguly Updated 

Note: This is for educational purpose only. There seems to be a bullish breakout with high volume. RSI above 70 indicates some consolidation before next up move.

kalyanganguly Updated 

Note: This is for educational purpose only. There seems to be rise in price on back of reducing volumes which indicates lack of strength. RSI above 70 kind of indicates overbought.