Continuously uptrend |Retrenched to fib & support| Option Data
The stock is in continuously uptrend and given multiple breakout, recently corrected and retrenchment golden level.
The bullish engulfing candle created from support & fib level and partial confirmed from volume surge.
Idea : Go long above mentioned level in week chart with stop loss at support level and target of 30%.
Short only if support broken, target and stop loss as per price action & pivot point.
Option Data : Max Put writer at Strike 400
Max Call writing at price range of 440-450
The option data suggesting that price range between 400-450, above 450 definitely will initiate short covering and will be an entry point.
The above chart based on 2 hourly time, the price broke the trendline and retested level with bullish candle.
The bullish engulfing candle created from support & fib level and partial confirmed from volume surge.
Idea : Go long above mentioned level in week chart with stop loss at support level and target of 30%.
Short only if support broken, target and stop loss as per price action & pivot point.
Option Data : Max Put writer at Strike 400
Max Call writing at price range of 440-450
The option data suggesting that price range between 400-450, above 450 definitely will initiate short covering and will be an entry point.
The above chart based on 2 hourly time, the price broke the trendline and retested level with bullish candle.
Nota
NIFTY ITTrade ativo
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.