I was looking for following type of patterns:
Both have gone up in the last hour with good volumes. However, overall participation (volume) is much lesser than any of the averages (1d, 5d,30d). Hence, not good candidates for a play.
Overall, a choppy day for nifty as expected since we are approaching expiry:
My yesterday's call on welspun did not work. Sadly I was traveling and could not keep a SL today. Let's see how I end it tomorrow.
Bad news for me is that twice I see my pattern of last hour fall and once the fall is with huge volume. However, the stock still stands up and did not open gap down; even with a flat nifty. Only solace is that the stock is still week and it underperformed the nifty with a very low volume. If my calculation is correct, this should crash badly tomorrow.
Both have gone up in the last hour with good volumes. However, overall participation (volume) is much lesser than any of the averages (1d, 5d,30d). Hence, not good candidates for a play.
Overall, a choppy day for nifty as expected since we are approaching expiry:
My yesterday's call on welspun did not work. Sadly I was traveling and could not keep a SL today. Let's see how I end it tomorrow.
Bad news for me is that twice I see my pattern of last hour fall and once the fall is with huge volume. However, the stock still stands up and did not open gap down; even with a flat nifty. Only solace is that the stock is still week and it underperformed the nifty with a very low volume. If my calculation is correct, this should crash badly tomorrow.
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