Educational Price Action Analysis
Price action + OI
If a script is giving high close (Monthly) then if it give close above next resistance then it will give a sharp short covering move. So in this case if 750 call is having 35L share OI on 30.11 1.45 PM. as and when it cross 753 then target is 781.. SL is 690/-
ADX is strong and RSI is also in bullish zone.. these can be combined with Price action analysis.
If a script is giving high close (Monthly) then if it give close above next resistance then it will give a sharp short covering move. So in this case if 750 call is having 35L share OI on 30.11 1.45 PM. as and when it cross 753 then target is 781.. SL is 690/-
ADX is strong and RSI is also in bullish zone.. these can be combined with Price action analysis.
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