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.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.