CANBK
Technical Analysis:
1. 3 black crows formed at the Top
2. with inverse hammer at the top i.e. HPR-High Price Rejection
Note: CMP: 314.70 , if price breaks 312 closing basis on 15 minute chart then take the short trade
Open Interest Analysis:
1. 15.4% increase in open interest i.e. increase in outstanding contracts
2. more than 2% fall in price
Hence, it leads to Short buildup
Technical Analysis:
1. 3 black crows formed at the Top
2. with inverse hammer at the top i.e. HPR-High Price Rejection
Note: CMP: 314.70 , if price breaks 312 closing basis on 15 minute chart then take the short trade
Open Interest Analysis:
1. 15.4% increase in open interest i.e. increase in outstanding contracts
2. more than 2% fall in price
Hence, it leads to Short buildup