NSE:TATASTEEL BUY AFTER CROSSES ABOVE 1110
Now has major support at 1100,
Having many put option contracts open at 1100,
Even has Major Trendline below acting as Support,
Broke above Falling wedge and now retesting before goes for a big buy,
Even has regular bullish divergence on RSI
Fundamentals also look bullish,
Use Blue lines at Take Profit levels & Grey...
PRICE ON MAJOR SUPPORT
BROKE ABOVE DESCENDING TRIANGLE & RETESTED
FORMING A TRIANGLE IN SMALLER TF, BUY AFTER BREAKS ABOVE THE TRENDLINE
HAS TOO MANY PUT OPTION WRITERS AT 680 MAKING IT A MUCH STRONGER SUPPORT AND BUY BIASED
FUNDAMENTALS ALSO BULLISH, PERFORMED WELL IN QUARTERLY...
INFOSYS BUY BIASED
STANDING ON GOOD SUPPORT AND BOTTOM OF TRENDLINE
EXPECTING TO BREAK ABOVE MAJOR RESISTANCE AT 1350
MULTIPLE DIVERGENCE CONFIRMATIONS
1) YELLOW LINES - HIDDEN BULLISH DIVERGENCE
2) GREEN LINES - REGULAR BULLISH DIVERGENCE
NIFTY ON RESISTANCE
BROKE 15000 LEVEL AMD WILL GO SHORT FOR RETEST
MANY CALL OPTION WRITERS AT 15200 & PUT OPTION WRITERS AT 15000 INDICATING IT TO FALL TILL 15000 FROM NOW
AGAIN WE ENTER BUY AT 15000 AFTER RETEST
USE GREEN LINES AS...
ALL SIGNS OF BUY
Price on major support and also has trendline on bottom,
Has Clear Hidden Divergence, as shown on MACD & Regular Divergence, as shown on RSI
Use green lines as TP's,
Fundamentals also Look Bullish...