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#COALINDIA appears to be doing the 1st pullback after IHS / Cup & Handle breakout. Volume is low, candle size is getting smaller. Keep an eye for a close above previous day high with higher volume. If it holds 245 on closing basis, it can do 286 #LearnWithPAL
#TATAELXSI started making higher lows & looks good for upside. Above 875 it can really catch fire. This view holds good as long as it trades above green lower trend line. View invalid below 835 close. Keep an eye! #LearnWithPAL
Here is the Version1 of #BankNifty Open Interest analysis. I have added few dashboards/graphs for easy visualization & data representation. The link also has previous version & how to interpret OI in sheet. Enjoy & share your feedback! #LearnWithPAL
Tomorrow I will share updated Excel sheet for #BankNifty OI analysis & solved puzzle of #PAVQuiz 2 Today entire day was spent in my daughter's birthday celebration. Just got free after sending all guests. She enjoyed a lot & now slept with smile on her face #FeelingHappy
Made few changes to my #BankNifty Open Interest sheet. Added few graphs for better visualization. How does it look?
#Tatamotors update Taken support at the lower end of demand zone & bounced with good volume. Above 172 it can head for 181, 190 levels. Find your trade!
#YESBANK above 144 can do 151, 156, 168. View invalid below 132 Looks like price is taking good support in 133-134 zone & some buying interest is seen there. Any dip towards 136-138 can also be used to enter into low risk high reward opportunity. Find your trade! #LearnWithPAL
#BANKNIFTY perfect retest of Breakout level of 30641 which confluence with EMA21 as well. As long as it stays above it, we can see new highs. Close below this can take it to 30098 & gap fill as well. Find your trade! #LearnWithPAL
#TCS price action Break down got failed & after it closed above the trend line and EMA21, there is no stopping. Only at the previous well established supply zone it stopped. Price got rejected & its falling now. Find your trade! #LearnWithPAL
#Tatamotors price action simplified 164-168 is strong demand zone. A close below 164 can open doors to retest the recent lows of 130-135 zone. Bounce from here can take it to 181, 190 levels. Keep an eye and find your trade! #LearnWithPAL
#IndusIndBk update Simple price action with supply demand zones..
Here are the results of All Time High scan on Nifty F&O stocks. Extreme right column shows % from ATH & left column next to it shows the price difference from ATH. Stocks trading in 1-10% range from top can be good candidate to buy on pullbacks @VRtrendfollower @StocksFanatic
#INDIGO is a good example of supply zone turning demand zone. 3 day pullback happened & yesterday closed above the high of 3rd day pullback high. Should resume its upward journey. Retest of 1625 need to be watched for strength. #LearnWithPAL
#BankNifty spot closed below yesterday's low. Confirms short term bearishness. 2 ways to initiate shorts - 1. Below today's low 2. On rise till 31348-31387 (low risk) Targets on charts. View invalid above 31505 close Positional wale keep SL above 31750 #TradeWithPAL
#BankNifty today tested the highs of election results day but couldnt sustain & fell. Bounced from H1 EMA21 & closed near highs. Close abv today's high can pull it higher but a new high & close below today's close (below today low better) can confirm the bearishness. Let's wait.
Very interesting day. Played both sides in #BankNifty Interestingly few counters have witnessed massive volume in last 1 hour. Something is cooking which will be served in next few days🤔🤔�
#Indigo back to its previous supply zone from where it fell recently. Notice how beautifully all the supply was absorbed on 17th May which has given this wings to fly back to this supply zone. It would be interesting to watch if bears would be able to defend their zone this time.
Watch out for these stocks in coming days. If they start trading below today's low they may give good fall quickly. Observe #PriceAction for learning purpose & understand why I am giving this view. No need to rush into shorting 😀😀😀 JISLJALEQS L&TFH PEL PNB SAIL VOLT
#TCS also looks weak. Can be shorted either below 2048 or on rise till 2075. Targets are marked in blue dotted lines. View invalid above TL close. #LearnWithPAL
#INFY looks weak. SL above the trend line. Downside targets 687, 664, 652 #LearnWithPAL