What to do in Varun Beverages? Varun Beverages, a prominent player in the beverage industry, witnessed an exciting development in the early trading hours of September 26. The stock broke through a significant falling resistance trendline, paving the way for a bullish ascent. This decisive breakout was accompanied by robust gains of 4.5 percent, with the stock closing at Rs 967.55. In this article, we'll delve into this noteworthy event and explore the factors contributing to Varun Beverages' bullish momentum. The breakout of a falling resistance trendline is a compelling technical indicator that suggests a potential shift in market sentiment. Varun Beverages accomplished this feat with conviction, signifying a break free from the downward pressure it had been experiencing. This breakout occurred on September 26, indicating that the stock may be embarking on a new trajectory. Solid Gains and Candlestick Pattern: On the day of the breakout, Varun Beverages posted impressive g
NTPC Options Strategy: Profit Potential in a Bullish to Sideways Trend NTPC, one of India's leading power generation companies, has been showing signs of a bullish to sideways trend based on recent price action and open interest analysis. Traders and investors looking to capitalize on this trend have identified key options strikes and a profitable range to navigate the market dynamics. In this article, we will explore the strategy and factors contributing to its potential success. Price Action and Open Interest Analysis: Analyzing both price action and open interest data can provide valuable insights into the market sentiment for a particular stock or asset. For NTPC, the highest open interest in the Out-of-the-Money (OTM) PUT strike is at 240, while the highest open interest in the OTM CALL strike is at 250. This data suggests that market participants are currently showing a strong interest in these strike prices. Profitable Range and Probability of Profit: Taking into account t