Covered this stock stating that 5th wave is approaching. Now 5th wave might be in place. Now two scenarios arise. There is an Ascending Triangle being formed and breakout seems to be in place too. If this study is correct, price can leap up towards 320. Secondly, a Negative Divergence is also developing which is yet to trigger.
OI Table suggests that 310 is the highest Call formation and second highest is 320. So bears will guard these levels.
Conclusion: High possibility of consolidation with a very bullish bias.
OI Table suggests that 310 is the highest Call formation and second highest is 320. So bears will guard these levels.
Conclusion: High possibility of consolidation with a very bullish bias.