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Volume, Volatility and Price Breakout on the 60-minute chart. Relative Volume was beyond 10X
The predictive algo has a continuation for Monday with a momentum fade over 4.25 topping at
4.5
I will take an intraday trade here potentially buying in the premarket. The target is the high
pivot forecasted by the algo about 30& upside. I will set a 7.5% stop loss and risk 0.01% of
capital in the trading account. I will take off 25% upon reaching 4.0 another 50% at 4.50 and
the remaining 25% with a 5% trailing stop loss to ride the momentum fade.
This is probably not shortable. The April monthly options pumped 6x to 30x on the earnings
report. They will have continuation on Monday 3/26 after that the put options will be in play.
The small call options chain is embedded in the chart. Earnings come again in May.
I will reenter this trade until after the current pop and drop is completed.
Then in late April to look I will reenter looking for a repeat of the present price action.
Itstock
ADBE- Adobe is an AI stock but gets no credit Buy the Reversal ADBE and its Creative Cloud is most definitely part of the AI supertrend, It will help creative
content work faster and with more creativity. The company has a healthy balance sheet and
not a Johnnie Com-elately. As a megacap it does not move fast but it is as steady as it gets.
Not to be in the headlines with ARM, PLTR, GOOG, MSFT and a whole bunch of others, it
makes its money the old fashioned way it earns it keeping its legions of subscribers productive
with its products and the support of them.
On the 240 minute chart, I have shown price action cycling through a slow trend up and
then a breakdown through the VWAP bands. Price is now reversing with a signal firing on
the mass index indicator. The first target is 590 at the mean VWAP bandline while others
are 615 and 640. In many ways software companies like PLTR and MSFT are hotter than
Super Micro-Computers ASML and the semi-conductors. I need more software companies
in my deployed plays. ABDE is setup for a trade up and I will take a long trade of stocks
and some call options.
Wipro formed Spinning Candle at weekly supportWipro has been respecting the 400- 385 zone for the past many weeks.
And this week, it formed a spinning pattern at the same support zone.
Now the chances are high that above 400 levels, it could test 420-430 levels in no time.
On the hourly timeframe, we could see price forming double bottom formation, now sustaining 392, it could move toward 400 levels initially.
400 level may act as temporary resistance and any breakout above this level, the stock would most likely be moving towards 420-430 levels.
TANLA PLATFORMS, BREAKOUT!!, WAVES. although tanla did not gave a breakout, on its 3rd wave, because it follows 5 wave pattern. the waves have come perfectly, to prove this statement, i have drawn a purple line, connecting the points, which defines the 4th wave(correction point) for the 5th wave to give a breakout.
and a orange line defining a breakout in 5th wave.
volume accumulated for a breakout
NIFTY IT, TARGETS!!!the dark purple lines shows, if the markets go further down, then it will touch 24533 level, which basically will not happen, because markets are recovering now, and the down fall of it sector, was for a particularly us fed hikes , and now the news has been factored in the indices.
coming next to the purple line(the dark orange line), markets will reach till that support only, if markets dont faces any crash or such.
the third line(black line), shows a breakout line to reach the level of 34533. the indice will show its bull run and will give a breakout to black line.
i have even shown the MA-50,100, for your analysis.
very bullish for the IT SECTOR AND ITS ALL STOCKS.