1) RSI Positive Divergence seen in daily frame 2) Trendline support Consolidation seen
Max CE OI @ 2600 & Max PE OI @ 2400 CE OI unwinding seen in 2600 CE & above strike prices.
Can the stock move up to 2650+ in May 2019 ?
Note: I am a Learner & started practicing chart reading. Experts can correct me if there is different opinion.
Zlecenie aktywne
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17.05.2019 | Updates: 2630+ so far.. Our estimated target is 2650+ Channel Resistance @2680-2700. If price crosses channel resistance - then it can blast.. But will USDINR support is a big question for crossing resistance !
Zlecenie aktywne
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1st target : 2650 achieved. channel resistance 2700 crossed & trading at 2800+ level.. 2900 can be short term profit booking level in F&O. Investors for mid term /long term can derisk with half qty (50% of holding) profit booking & continue holding rest for fresh breakout above 2900.