trendtrader06

trendtrader06 Updated 

Faced multiple rejections at ATH that too with good volumes but did not follow through RS became positive and Raising RSI is strong Sector is one of the strongest right now With SL 608.7 one can trade for 1R and then trail using ST

trendtrader06

Trendline breakout on weekly charts after a shakeout at 21 ema Earnings are behind us Weekly CCI > 100 Daily charts near resistance of 2118 is broken high volume sell bar marked the bottom and heavy accumulation can be seen above 50 ema Sl 2022 1st tgt can be 1R followed by 2300 if market supports

trendtrader06

Price is forming Flag and pole pattern on weekly charts with one shakeout on down side Hidden RSI divergence might help the bounce if any Relative strength is still very strong compared to SPX But on Volume profile we can see VAH acting as resistance Indicators and price suggests bullishness but volumes are against it breakdown of channel low and 21ema will push...

trendtrader06

On weekly Charts there is clear underperformance compared to S&P 500 Relative Strength trendline is broken and lower low formed There is RSI divergence and formation of flag like raising channel Indicators hinting to weakness and thus channel break on downside shall bring meaningful correction Daily Charts MACD shifted to negative there are multiple support zones...

trendtrader06 Updated 

Weekly Price broke 21 ema with high volume Weekly RS also crashed below 0 Daily downtrend, broke major low, retested and fell back to give a breakdown Daily RS, Momentum and RSI are all weak with 4010 Sl and 3811 as 1st tgt

trendtrader06 Updated 

Price took support at previous swing and after multiple shakeouts started going up again RSI also gave a breakout Earnings reaction is over and price broke minor swing Can go long at 443.75 with 414.60 SL and 473.05 Tgt

trendtrader06

Weekly charts are very strong with strong RS On daily charts yesterday was a high volume fall but today did not see a follow through Daily momentum also going strong Only concern is falling RS on daily chart but it should also become positive with breakout

trendtrader06 Updated 

Major Trend line breakout, SuperTrend turned buy then again pulled back took support from ST and broke minor trendline with good volumes RS is positive RSI crossing 60 Momentum is positive and above MA Volumes on down days are extremely contracted Can be bought with SL 59.55 with tgts of 1R and even 84

trendtrader06 Updated 

Volatility and Volume Contraction on Daily Charts and Price breaking with strong volume RSI going above 60 Momentum indicator going above avg line Relative strength is strong Price broke Super Trend as well Looks ripe for strong upthrust Can Be bought with 209 SL and 290 1st tgt

trendtrader06 Updated 

Emerges strong amidst falling day VCP pattern on weekly On daily charts breaking out of range after minor shakeout Strong relative performance on both weekly and daily charts CMF also giving trendline breakout Tgt can be 1R with 265 as SL

trendtrader06 Updated 

Weekly and daily strong RS Daily trend line break Price taking support from weekly 8ema Long at 3810 sl 3586 tgt 4070

trendtrader06

though weekly charts are in an uptrend, prices took resistance from weekly VAH of massive fall in the stock on daily charts it has formed Head & Shoulders pattern RS has became negative RSI below 40 can be shorted at 2874.65 with SL above 3000 on closing basis Volumes are also strong on breakdown

trendtrader06

Strong Weekly charts, with price contraction Weekly RS is also strong Daily charts, AWVAP from high volume fall is also crossed comfortably and is raising RSI has given breakout and sustaining above 60 Momentum score positive and raising A narrow range is formed at ATH buy at breakout of 1175.80 with today's low as SL View negated below today's low

trendtrader06 Updated 

Price breaks trendline and retests previous resistance and gives a breakout High Volumes in recent up move shows decent accumulation RSI greater than 60 RS almost about to cross to positive Can be bought with 2245.60 SL

trendtrader06

Weekly strong trend took support from 9 ema Daily charts have a narrow range breakout with today's lows retesting range lows 8800 which can be used as stoploss momentum turning positive RSI > 60 RS is strong Volume contraction is visible on falling days can easily hit 9400

trendtrader06

Weekly charts are very strong on Daily charts multiple rejections at 2400 level followed by Bearish Engulf has cause weakness Expected pattern tgt is 2257 though being short is risky as larger trend is bullish Buy above 2352.64 for raiding bullish trend lower term supports are 2222.915 and 2148.990

trendtrader06

On weekly charts nifty looks to be stuck into a flag pattern A decisive break on either side is needed for some good move On daily timeframe 22794.7 which is high of bearish engulf right at breakout zone will provide strong resistance on downside first support will come from Bullish Engulf's low which is 22305.25

trendtrader06

Big fall after listing, Anchored VWAP plotted from listing is comfortably taken out with high volume Accumulation On right side of chart VCP breakout with volume contraction during fall Listing day high will be first tgt and from there it can be trailed