hi, bullish continuation chart pattern observed on sunpharma, max call oi at 820, so breakout above 820 will give good up move.
observations 1. MACD positive cross over 2. RSI positive divergence 3. price has taken support at imp fib levels.
call highest oi at 1300, price is below it no significant put addition. look bearish if not crossing 1300 rs.
see the chart for details, volume surge with new 52 Wh breakout
infy symmetrical triangle pattern is emerging,see on chart
Nifty auto weekly chart observation 1. chart is forming continuation pattern , called ascending triangle. 2. hidden positive divergence in price and RSI. 3. MACD is near to crossover. waiting for breakout in auto index for long short term entry.
after raise in nifty nifty was gone in sideways trend, please look yellow marked area on price. same time RSI moving average bearish crossover and MACD bearish crossover happened. currently rsi has bearish crossover so wait and watch what will happen to macd. if bearish cross over happen. nifty will go in sideways.
last day hammer formation happened in banknifty, so we may initiate buy above day high, target and sl is on chart. this is education purpose only,
all details in chart increase open interest also
icici BANK POSITIVE DIVERGENCE, IF DAY LOW break idea is negate
levels are shown in video
see details on charts
focus on auto stock,
RS breakout means Relative batter performance over comparative index or stock,
Negative divergence in nifty, nifty may go sideways for a week or some downside of 300 point , if break today high idea is negate
Divergence is only a warning sign not a signal to a trend change, confirm the second indication mainly from price.