ICICI BANK TRAVEL BEAUTIFULLY IN A CHANNEL WEEKLY TF.
TOOK SUPPORT AT LOWER WALL OF CHANNEL TWO TIMES i.e. AROUND 530 LEVELS...
WILL START ITS BULL RUN ONCE AGAIN AFTER WEEKLY CLOSING BASIS ABOVE 610-615 LEVEL...
Gujarat Alkalies has shown a strong weekly breakout from accumulation phase.
We would wait for a pull back to the channel to take an entry - around 380 levels.
Details mentioned in the chart.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or...
TATASTLBSL forming good price and volume clusters on weekly chart for bulls.
Prefer to the price area marked with blue box and volume cluster right below it. If you managed to observe the same you will notice that prices are now hesitating to close at lower level or supply we see is being absorbed and hence there is no good follow through for...
Amara Raja Batteries - The share is in a huge accumulation phase
- Note the volume as time progresses in the rectangle
- A gradual SIP in the stock - buying 'N' shares every month can prove to be a good investment theme as EVs have started evolving
- EV Battery business is estimated to reach $300 Billion by 2030
- Even if current market share is maintained,...
Wyckoff developed a price action market theory which is still a leading principle in today's trading practice.
The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown.
Apollo Tyres is in a range bound where we can spot strong accumulation. Price takes good support at previous resistance zone. One can accumulate when the price is in the accumulation zone and as the price breaks the high of the mother candle we could see some good up move with momentum.
Price might stay in this zone for a few days. More the accumulation time,...
Price action shows there is an accumulation going on in the stock and it is respecting the support line(Trend line) very well once the resistance is broke we may see a good upside move.
Now, talking about the fundamentals .
Company is almost debt free.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of...
KRBL daily chart shows the flat bottom channel.
This stock is fundamentally very strong and one can initiate a buy entry in deep with the given target and SL.
This entire analysis is for educational purposes. Please let me know. your view...