There was high OI on 17000 levels on 22nd decemeber derivative data. 23rd doji Candle. 24th open=high, if in the second half, if there is no recovery, nifty will form Bearish Engulfing. Levels to watch for short term support. 16875 16645
CMP: 216 SL: 200 Target: 260 Call it Base Formation Darvax Box or Cup Handle Risk Reward 2.25
RSI - Hidden Divergence VCP Breakout Supply Zone: 350 SL: 302 T1: 423 T2: 498 T3: 619
Long @ 250 SL: 235 AVWAP: 238 - Strong Support Zone RS: +VE Trigger: RSI: Breakout from a downward channel and 1st pullback. Deliveries: Weekly > Last 3 Weeks - Showing accumulation. + ADX @ 28
Buy @ 592 - 1st Lot AVWAP: 568 SL: 560 Early Exit: RS crossing below 50 EMA AVWAP: 568 Supply zone: 614 to 625 Value Area - Previous candle pattern bullish engulfing - Price bounce bounced from Demand Zone, forming successive Pin Bar - Reversal of RSI - Crossin 50 from below - RS support @ 50 EMA Triggers - RS forming higher high, violating downward...
Buy: 695 1st lot - Early trade on Candlestick, confirmation on RSI & RS required for more conviction AWAP: 683 SL: 640 Early Exit: RS < 50 EMA / RSI < 50 Value: - Price above VWAP and Supply Zone - RSI near 50 level Trigger: - Stoploss Hunting: Sharp recovery from breakdown forming PIN bar - Enhanced Volume - Deliveries: Consecutive increased in...
Buy: 2675 1st lot - confirmation on RSI & RS required for more conviction AWAP: 2595 SL: 2518 Early Exit: RS < 50 EMA / RSI < 50 Value: - Price under VCP & taking support @ RS 50 EMA - Price above VWAP and Supply Zone - RSI above 50 level Trigger: - Narrow Rang Breakout with bullish bar - Enhanced Volume - Deliveries: Daily deliveries are higher than 10 moving...
ICICI Spot: 623 Breakeven: 624 Buy ITM: CE 600 @ 28.30 Short OTM: CE 640 @ 5.95 Theta: +0.12 (Theta Neutral) Delta: +0.47 Probability: 49 % Max Pofit: +25K Max Loss: -30K Exit SL: Spot Slips below 615 on a closing basis Target: Profit > 10K (Spot > 632) Rationale: RS: +VE Stock Price: Bullish Candle (Reversal) - Price is above 20 EMA (600) & 50 EMA...
01/01/2021 Long @ 2271.80 SL 2140 Value: Price @ Supply Zone, Price Crosses 20 & 50 EMA Contraction, RSI reversed from 40 Trigger: Bullish Candle breakout Descending Channel, Price 3% up, Price close > Last week close RS > 0, possible descending channel breakout Weekly Candle, Hammer