Feb 22nd Swing call analysis.

Comments :-

Bollinger Bands- Stock is riding the upper level of the bollinger bonds , indicating bullishness in the stocks.

RSI- It is at 67 level and it is expected to react till 75-80

Volume – There are not any sudden variation in volume , indicating trend continuation.

NOTE- This is just for Paper trading purpose.

Bollinger Bands- Stock is riding above the upper level of the bollinger bands, indicating bullishness in the stock.

RSI- It is at 65 level, expected to reach 75-80

Volume- There is not any sudden variation in volume, indicating trend continuation.

NOTE- This is just for Paper trading purpose.

1- Nifty fall for 4 consecutive sessions , fell below 15000 mark.

2- It has formed Bearish engulfing candle , indicating barishness in the market.

3- There are multiple factors than can decide further action of the market, such as F&O expiry of february, GDP data for december quarter, etc.

4- GDP quarterlty growth data will help investors to predict upcoming market sentiments.