Sun Pharma- Futures
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Scrip Name: SUN
Pharma CMP :1118
|
Comment
|
Trade Check List
|
|
Is Stock Trading Above or Below Bollinger Band Level
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NO
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Is ADX is < 20 & RSI Value
|
19.85, & >70
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Support Level
|
1108.2, 1097.9
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Resistance Level
|
1130.6 , 1142.7
|
Action
|
Short Sell
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Odds Favoring Trade |
Odds Against Trade |
|||
1
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RSI Above 70
|
1
|
Chart heading towards bands upper level
|
|
2
|
ADX < 20
|
2
|
USD value is favoring the Scrip
|
|
3
|
DOJI formation in its daily EOD chart
|
3
|
Excepted good quarterly results
|
|
4
|
Wide Open Bollinger Band Mouth
|
4
|
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ITC-Futures
Scrip Name: ITC CMP
:368.6
|
Comment
|
Trade Check List
|
|
Is Stock Trading Above or Below Bollinger Band Level
|
Above Upper band
|
Is ADX is < 20 & RSI Value
|
26.3 & >70
|
Support Level
|
365, 361.4
|
Resistance Level
|
372.1, 375.6
|
Action
|
Short Sell
|
Odds Favoring Trade |
Odds Against Trade |
|||
1
|
RSI Above 70
|
1
|
Good momentum prevails in FMCG
|
|
2
|
Trades above bollinger band
|
2
|
Exceppted Strong quaterly results
|
|
3
|
DOJI formation in its daily EOD chart
|
3
|
ADX - 26.2, indicates high volatility
|
|
4
|
Wide Open Bollinger Band Mouth
|
4
|
||
5
|
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