#bajaj finserv
chart explained
1) The counter was trading in an uptrend
2)It witnessed a strong gap up opening on 4 july 2023
3) The Gap up was above the previous strong resistance zone as indicated by arrows
4)The retracement after strong move already done
5)5_ today it witnessed a strong upmove along with long build up with 3% rise in OI
6) current month option chain suggest shortcovering in Call side while short build on Put side which is bullish
7)its trading with an upward sloping trendline
8) its strongly following the regression channel trend with 97% precision
9)the counter is 14% away from all time hugh which is most likley to be tested in sessions to come
chart explained
1) The counter was trading in an uptrend
2)It witnessed a strong gap up opening on 4 july 2023
3) The Gap up was above the previous strong resistance zone as indicated by arrows
4)The retracement after strong move already done
5)5_ today it witnessed a strong upmove along with long build up with 3% rise in OI
6) current month option chain suggest shortcovering in Call side while short build on Put side which is bullish
7)its trading with an upward sloping trendline
8) its strongly following the regression channel trend with 97% precision
9)the counter is 14% away from all time hugh which is most likley to be tested in sessions to come