hitendravasudeo

  This gives me time and price relationship. 3rd May 10 May 23 may. minimum 18300 and max 18900. as a result of the trading breakout above 17900. close below 17900 with bearish candle can upside the anticipation. this is not expectation.  Price wise will move higher to the range. time wise can show variation. RSI hits overbought and MFI yet to. the movement taking into higher side of the range. 200 Bar BB Upper Band at 18800 Hourly Chart in Overbought condition. Exiting 70 mark can resume a correction for intra-week volatility. Observation Trend Up and Momentum Up therefore market will be running into the upper end of the cyclical move in near term to short term.

 

Dated 03/04/2023.   PUT Chart Oversold 17400 27 APRIL 2023 PUT 200 BB LB around 86 and base price till now has been around 100. After testing this level if oversold exit is witnessed with volume during market time, then expect correction from higher level. This may benefit put buying.  Once oversold exit is witnessed then maintain the low registered till now as stop loss. The resistance gap on NF is at 17621-17750.  If the gap is tested, then traders can look out for put of 17600 and 17700 as the opportunity is witnessed as they become ATM.