HIGH DELIVERY+INCREASE OI+EXPIRY WEEK =SHORTING OPURTUNITY
VERDICT:
1) FORMING HH & HL from last 6 sessions
2) Divergence is forming after todays HIGH (26 Jun)
3) Defined SUPPLY-ZONE is between 1916 to 1932
& above
4) Broke triangle formation with lower
than average volume, but after that maintained
above average volume.
5) HDFC has seen 75 % delivery on avg of 8 days
=> HIGH DELIVERY means PEOPLE are expecting
price to increase
6) OPEN INTEREST is also increasing with
INCREASE IN DELIVERY
CONCLUSION:
This week being an expiry week, expect a fall of 2-3%,
which will give a nice and low risk-high reward oportunity
of shorting.
WAIT FOR RIGHT TIME TO TAKE SHORT TRADE (INTRADAY).
For POSITIONAL TRADE, trade at your discrimination.
1) FORMING HH & HL from last 6 sessions
2) Divergence is forming after todays HIGH (26 Jun)
3) Defined SUPPLY-ZONE is between 1916 to 1932
& above
4) Broke triangle formation with lower
than average volume, but after that maintained
above average volume.
5) HDFC has seen 75 % delivery on avg of 8 days
=> HIGH DELIVERY means PEOPLE are expecting
price to increase
6) OPEN INTEREST is also increasing with
INCREASE IN DELIVERY
CONCLUSION:
This week being an expiry week, expect a fall of 2-3%,
which will give a nice and low risk-high reward oportunity
of shorting.
WAIT FOR RIGHT TIME TO TAKE SHORT TRADE (INTRADAY).
For POSITIONAL TRADE, trade at your discrimination.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.