#IBULHSGFIN #HSGFINANACE #FNO #STOCKSTUDY
#DERIVATIVEDATA #OPTIONCHAIN

*** Stock has fallen 30% in last three months. Presently, at old b/o level consolidating.

*** This also seen as support on rising trend line.

*** Stock is making ascending triangle as well. Image
*** Delivery % data is showing slight pic up in delivery% with respect to its averages

trendlyne.com/equity/deliver…
*** Cumulative open interest is equally falling.

From 1981200 to 15304700.

*** Short Covering without significant increase in price. Image
Interesting point to note is put writer at 200 strike is not at all worried about his position and shows his confidence level. Image
So far there is negligible rollover in Oct & Nov 20 series.

***Short positions are not getting rolled over. ImageImage
Its not buying or selling tip...

I have made an attempt to analyse the development in the stock. Further, position built up in Futures will show the bias of big boys.

Study further.

Share/RT if you learn anything from it.
*** COI 19381200

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More from @BasicLearner

5 Sep
In search of Greenery...

Beyond FNO

#JBCHEPHARM
#TATAMTRDVR
#ADVENZYMES

*** Price above 50& 200 DEMA
*** Closed in green with increase in Price, Volume, Traded Value, Delivery% when entire market RED.
*** RSI above 50.
*** MACD above zero.

CMP 784 Image
#TATAMTRDVR

CMP 56.35 Image
#ADVENZYMES

CMP 233 Image
Read 5 tweets
30 Aug
When Data & Aata is coming together....its necessary to see the building up picture.

#NIFTYMEDIA

*** B/O of down sloping channel with significant volume..
*** Crossover of 50 & 200 DEMA.

Find your stocks in the sector. ImageImage
Non FNO, where i am looking for.

A deep consolidation, Away from limelight, A penny stock where we see unprecedented volume in recent past. ImageImage
Just for info..it has just come out today...

What do you think stock will do.....
From loss making Company turned in profit . Image
Read 6 tweets
26 Jul
#Option Chain
#Option trading

# ATM CE position built up... Strong resistance
# ATM PE position built up... Strong support.
# Far OTM position built up on call side...Strong bullish
# Far OTM CE position built up... Strong bearish....

I couldn't find it so simple.
Mostly, what I learned is this presumption is a very easy way to misguide the masses by using the option chain.

On many occasions I have taken absolutely opposite stand and got good hit ratio.
Apart from the position built up, if one pays attention to futures position, traded value in cash and delivery% along with the traded value at the each strike price of respective option, this may give much stronger insight of bias, since, bigger money at stake.
Read 10 tweets
30 Apr
24 March 2020..... India equity markets made low of 7511 and next 35 days 2348 points recovery.

So let's see which all sectors participated and which lagging behind.

Violet line indicates ... Nifty 50 Index
Green line indicates respective Index.
Yellow line indicates... RSI(14)
My chart reading says..

Participating sectors... NIFTY financial services, Pvt bank, Metal, Energy, Auto, Infra & IT

Laggards..... Nifty consumption, FMCG, Pharma, Media, Realty, PSU Bank

So one can decide where to long and short in May series.
Image
Read 17 tweets
24 Apr
Why did I say so?

Let's have a look, how smart men set the move and we dragged along.

A learning thread of price action and its option chain set up.
Stage 1.

Stock come into radar on 17 Apr 20. with its increase in traded value, traded volume and above average delivery % in last one week. Also, noticed the ratio of number of trade and total traded quantity is high..... Seems big players are interested in this.
With this set basic set up further peep into the charts and option chain gave some important observations:

1. Stock is in consolidation since last expiry.
2. When CMP was around 1300. Unusual activity seen on far OTM PE.
3. On 1160 PE highest unwinding is observed.... GADBAD
Read 10 tweets
20 Apr
#BHEL #FNO #PSU #STOCKSTUDY #STOCKANALYSIS

It's wonderful Bullish set up.😀

*** Volume, Traded Value & Delivery%...... Up.
*** Consolidation for more than month in a Narrow range.
*** Unwinding in shorts from 30 March to 10 Apr.... Indicated with Orange color.

*** Fresh position added in Futures from 10 Apr on words.... Indicated with Green arrow.
*** Quite accumulation in progress. Fall in ATR value and daily volatility.
Read 6 tweets

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