An example of how we can use Volume as a secondary confirmation to Price action. Arrows point out to the Volume analysis of the underlying price action 1) Big Red Bar and the 1st arrow signals Smart Money' loading up their warehouse signaling start of a consolidation sideways.. 2) 2nd arrow points out the anomaly the large Seller volume is not reflected in the...
Granules has been in a medium term consolidation over 6 months and now looks good for a breakout above current resistance level. There has been good buy at lower levels and the recent breakout on Friday. Expect a sustained move to 430 and eventually 520 levels. Relative strength supports the move to the upside.
IIFLSec has broken above 72 level with Strong Move up to 75-76 level on back of strong volume push. VPA analysis of the subsequent retracement is indicating very little Selling happening on the counter. Positionally the stock is in a established Bull trend expecting to touch 100, 120 on charts in the next 3 months. View invalid below 50 EMA on 4 hour chart at...
No change in the logic so far. Trend continues to take support though in a sideways consolidation. Not expecting a correction at this point. Targets remain same as earlier video. To be reviewed on Monday 5th July.
Sharing my study of Hindustan Zinc using Normal Andrews Pitch fork (Bullish) and Modified Schiff's fork(bearish) to predict possible price moves. I expect a bullish move in line with the Normal pitchfork on the upside with Target1 at 352 in the hourly chart and on a bullish break of which Target2 is 370. I sense my use of modified Schiff's could be wrong due...
Stock broke out of a long term Distribution phase and a Exhaustion volume at 733 levels. This is a long term support level for this stock. Stock is currently in consolidation with accumulation seen in small quantities. Bears unable to push the stock below long term support levels. Exhaustion volume is clearly visible ending the bearish run. Expect a breakout...
Analysed some key NIFTY Stocks that have been forming a BUllish NIFTY trend as per Mark MInnervini's VCP pattern. Key Stocks i have been tracking - 1) Hind Zinc 2) TCS 3) Lupin Some of the key levels and Entry points have been discussed in this analysis.
Simple Price action based breakout analysis of a few NIFTY Stocks and using Market Cipher on longer timeframe to identify reversal of trends
TCL : Reversal formation on 4 hour charts after break out on a long consolidation over 30 days now in Long run back to 14.91 and 15.65
Analysis covers 1) Fake break out at Key support level 2) Upside potential moves 3) Key level to watch out for. 4) Trade entry on 50 EMA retest.
Analysis covers 1) Key support level tested twice 2) Use of 50 MA to identify short term trends 3) Use of Moneyflow and other indicators to prepare for the next move. 4) When to trade and what can you expect.
Confluences supported by Indicators 1) Money Flow Index is in Bearish territory on 1hr, 15 and 5 mins Timeframes 2) SSL turning red 3) Flat movement most of the day 4) On 5/15 min Minute timeframeTrigger - Wait for Red dot on Cipher when Blue waves cross each other 5) Check that bars are in Red indicating bearish movement 6) Short with 3 ATR as moving Trailing...
a small morning speak on 1) Price action 2) Use of indicators like Money flow, SSL hybrid and Market Cipher for identifying trend entry 3) Use of ATR to help with Stoploss Used LTC - USD as an example to indicate what to watch out for and how to use these indicators to figure out the price action and take trade. No strategy is perfect. This is something i...
Approach Assessed trend on 1hr and 15 min timeframe Checked Money flow index Checked Trend change in SSL Indicator Trigger - Red on Cipher B Exit on Blue crossover on 15 min timeframe
Approach : Have Used Multi Timeframe analysis Confirmed Trend using Money Flow index and SSL indicator and took a short trade Trailed stop loss using ATR indicator. Target Exit with R:R of 1:3
Trade Setup 5 Strong confluences 1) Multiple Red dots on Market Cipher 2) SSL Hybrid turns Pink indicating Weakness of Trend 3) Theta gainer turns red confirming Trend weakness 4 & 5 ) Red Bars below VWAP and 50 EMA. 50 EMA moving below VWAP.. Strong sign of bearishness Trade approach 1) Short with Trailing on SL ATR points 1 timeframe below 1 hour. Happy...
Price ACTION - TCL is breaking a key resistance level reversing a downward swing back to previous highs. 4 hour chart Condition - BReak of 13.81 with good volumes Stock target - 14.31 Target 2 - 14.91 Target 3 - 15.63 Timeframe - 6- 8 Weeks Stop Loss - Swing Low - 13.44 Pattern - Round Bottom Potential - Can form a Cup & Handle if next resistance sends...
Rationale: 1) VWAP above ATP yesterday 2) CPR pivots above yesterday's CPR 3) Market opened flat and slightly positive Tracking on multiple timeframes Intra day Entry points - There are 2 possible entry today Go Long 1) Above H4 Camarilla at 14734 , SL at H3 If market corrects mid day 2) Buy at yesterday's ATP for target at H3. Keep tight SL. I dont...