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POLICYBZR — Triangle Breakdown + OI Clues = Short Bias?🧠 Breakdown: Symmetrical Triangle Breach + OI Data PB Fintech has broken down from a well-formed symmetrical triangle, signaling a likely continuation of the bearish trend that started post-₹1,820 rejection. 🔻 Breakdown below trendline support confirms sellers are in control short term. 📐 Chart Structure Recap Price formed a symmetrical triangle since mid-May. Multiple support rejections along an ascending trendline. Today, price convincingly broke down below ₹1,750–₹1,740, with volume spike confirmation. Now trading near crucial support clusters, visible from past demand zones. 📊 OI Zones (Monthly Expiry) 🔺 Resistance: ₹1,780–₹1,800: Major call writing zone. ₹1,760: Added call writers post-breakdown. 🟢 Support: ₹1,740–₹1,720: Price hovering here — must hold. ₹1,700–₹1,680: Next significant put OI base. ₹1,660–₹1,620: Last buyer defense zone. 📌 Trade Plan (Short-Term View) 🔻 Bearish Setup (Short Bias): • Entry: On breakdown retest near ₹1,745–₹1,750 • Stop Loss: Above ₹1,765 • Targets: ₹1,720 → ₹1,700 🔺 Bullish Setup (Reversal Possibility): • Entry: On strong reclaim and hold above ₹1,760 • Stop Loss: Below ₹1,740 • Targets: ₹1,780 → ₹1,800 🎯 Summary With both price action (triangle breakdown) and OI shifts (fresh calls at highs) aligning, PB Fintech may see further downside if it fails to reclaim the ₹1,745–₹1,750 zone quickly. This is a great confluence case for intraday or short-swing setups. Patience for either a retest-reject or a reclaim-confirm will be key.
NSE:POLICYBZRShort
by ayusharya_001
Nifty daily analysis for 30/08/23.Nifty is not taking the benefit of the gap up opening and is coming for selling from the very first candle. Though, the market recovered after falling and closed 36 points above, still there is sideway to volatile market. Option sellers market is on as the volatility is taking away the premiums benefitting the sellers. On the hourly charts, it took support multiple times from the 20 ema and has closed between both the moving averages. Nifty today has traded in a range of 50 points and has formed a box consolidation. The market is giving less intraday opportunities. It will be good to let market decide the trend and trade accordingly. On 15 minute time frame, it has closed between both the moving averages and regained 40 points in the last two candles. Support :- 19310, 19250 Resistance :- 19350-380, 19480 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty daily analysis for 29/08/23.Nifty is still forming doji after doji. The market on the daily time frame is still below the moving average and in sideways mood. On the hourly charts, market tested the support zone and tried to move up but took resistance from the 20 ema and gave a retracement after touch the levels. There is also an evening star pattern there. Market slow tried to move upper but couldn't give some conviction as there was a rejection from 20 ema (60 minute) and 38.2% levels. On 15 minute charts, nifty has closed below both the moving averages and is taking support around 19300 levels. The market are showing some negative sentiments as it is taking resistance from the key levels. Support :- 19250, 19180, 19000 Resistance :- 19380, 19480 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty weekly analysis for 21/08/23.Nifty of consecutive four weeks have been forming a red candle and is making a support zone around 19250-300 levels. Market has tested another low this week but there is some buying happening around 19250 levels and it has been tested twice this week. On daily charts, market has formed another doji which signifies a confusion in the markets. Nifty has been trading below 20 ema. Nifty is around a crucial levels, if the support zone of 19250 is also breached then there are chances of market going to 18900-19000 levels as there is no support near by. On the hourly charts, there is a bearish moving averages cross over and market is taking serious rejection from 200 and 20 EMAs. Market is being volatile to sideways and there are chance of a trending market as it has been trading in a very small range. Support :- 19260, 19180, 19000 Resistance :- 19360, 19460 Gap up and gap down are limiting opportunities for an intraday trader. Watch markets carefully and let market decide the trend. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Change in trend - 3 black crowsAnalyze the time frame: Monthly : Candle engulfing Weekly: Black Crows Daily: Lower lows and lower highs are formation 1. Closed below 19375, implying negative sentiment. 2. Exit the regression channel 3. A decrease in relative strength. The triggering factor is, 1. 33/50 stock decrease. 2. The banking industry is the most affected. Moving forward, 1. The anchor candle would be critical; we could see some sideways movement, and it is expected to act as support. 2. If the nifty closes below 18600 in the following 3-4 weeks, it will be considered bearish. To summarize, a sideways moment is likely to occur ; however, there is no need to worry; a closure below 18600 will be the price to ACT
NSE:NIFTY1!
by OK_Rane
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