After forming back to back red candles from last 9 sessions, stock has seen some profit booking today. Also taking support of the lower trendline it has given a breakout from triangular pattern.
It has also witnessed some strong OI today and a positive price change with strong OI clearly depicts long build up.
It could rally more for coming few sessions. Let's wait for some price action.
Keep a close watch on 15-VWAP for intraday!
Important support: 352-356 levels
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
It has also witnessed some strong OI today and a positive price change with strong OI clearly depicts long build up.
It could rally more for coming few sessions. Let's wait for some price action.
Keep a close watch on 15-VWAP for intraday!
Important support: 352-356 levels
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!