Although 2 touches price made a new high hence taking confirmation entry.
Do not carryforward this trade or enter into this trade after 11am. With 1200 OI expecting price to give atleast 2:1 with retracement
WIPRO moving up from a weekly DZ & RBR could be a level to get retracement before reaching to the nearest supply @550
Price came very close to this level & zoomed up to make a new high. Take 1.5 if price reacts from this SZ if price retrace after violating the SZ take 3:1
With Uptrend in mind another authentic level @ 60, 30 mins & LOTL @ 25 min is combined. This level also broke previous high.
This level sits right below the July PUT OI & could act as a bear trap. Also price tried to touch once but zoomed up & made a new high hence the SET level. Ensure the AUG PUT OI if taken in Aug series.
Price may react from RBD & may retarce back to 850 levels. Target above 30 min DZ @ 867
ADANI ENT SHORT : The prices are responding from weekly SZ & in turn the daily trend is turning Downward. There are 2 levls on 75 min. original level & reaction level which made a new low. Also on 25 min refining time frame since the trend is downward price may react from 25 min level itself. Combining 25 min & 75 min level for this. The immediate JUL put OI is @...
Although price reacted from this level but it made a new high & also coinciding with put OI @185
75/125 min level is LOTL expect to give a 2:1 bounce from this lower DZ. Its coinciding with OI put 2 level @1280 for jul series