BEML - 16yr Mega Breakout with Volume
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note:
The breakout levels are derived from the weekly line chart which is respected much more by smart money.
DISCLAIMER:
I reserve the right to be wrong.
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Accumulation
Maruti :AnalysisMaruti is trading around a very crucial level of 7700. This level is held as a resistance since december last year. Possibility of the breaking out of is good after an accumulation period because of the following reasons:-
1) Bounce from Max Volume Zone.
2) EMA's showing long term side ways market (aka consolidation in wide range).
3) Closing above PP weekly and Rising PP levels.
4) Previous accumulation zone with volume profile support.
It is not sure that this time it will give breakout but possibility of breakout is good. It is possible that maruti might retrace once again and then give a breakout in the next swing because a small retracement in nifty is expected.
Breaking out of 8k levels will not give conformation till crossing of 8200 levels because maruti has overshot 8k levels multiple times in the past. So safest position to buy maruti is above 8200 levels one can also do accumulation of position till 8200 levels with strict sl below 8k.
Above 8200 range is open till 10,000 which it can attain in medium to long term.
PS: Trade as per your risk appetite and follow RR Ratio. Mind well no body is Pro in the market.
Hindustan Unilever : AnalysisHindustan Unilever is at crucial level of accumulation. Breaking to either side can give good target's. Over shooting box levels is a prominant posibility.
These levels have multiple support:
1) Heavy volume support since 20th of sep.
2) lower price rejection.
3)Holding Weekly PP levels.
4) Bull run of Nifty.
Safe entry would be above 2725. which can give possible target of 2850.
Breakdown of box levels can possibly give target of 2500 levels. Possibility of either side breakout is good and targets are good as well.
PS: Trade as per your risk appetite and follow RR Ratio. Mind well no body is Pro in the market.
Accumulation phase in a rectangular box The stock is under accumulation for the past few months.The chart is self explanatory.Read the details given in the chart for a thorough knowledge.
Option sellers can use this script by doing strangle or straddle with break-even falling between 885-999 preferably.
This post is for educational purpose only.
Wyckoffian Patterns that occurs in Accumulation PhaseWyckoffian Patterns that occurs in Accumulation Phase
1. Initial Sell off in panic mode
2. Preliminary support has been identified, where the big institutions and smart money players try and take bullish positions after a strong sell off
3.Automatic rally from the preliminary support has occurred
4. Secondary test of support has occurred more than twice (although not at same price point around the preliminary support)
5. There was a show of strength with increase in price and volume on the same day
Note:- No false break out has occurred at lower levels in this particular period. Whereas in some other cases it might occur and one can see spring action at the support level.
One can take long positions based on their RRR.
Any suggestions / corrections are welcome.
Indian Bank- Good Accumulation Hello All,
Yesterday I posted about how I am able to see a upside in PSU BANKS Index (I have attached the link of that article below). I asked you all to reflect on it and prepare a list of the stocks which can be the early leaders in this sector.
I personally find Indian Bank's setup really convincing. Stock is forming a VCP pattern on the Weekly chart and looks ready to explode. A lot of accumulation can be seen during this period (just look at the height of volume bars). The quantity delivered during the high volume days is also good.
Since it's a weekly chart the SL should be a bit long but so is the Target.
SL can be kept around previous pull back level of around 120 while the first target expectation can be around 200.
Happy Trading! :)
COAL INDIA| Wyckoff Events and Phases explained 🎯 TARGET 210Wyckoff 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.
TATA MOTORS - UPSIDE (Monthly Chart)Auto sector has not participated much in the NIFTY rally, but seems that the index is getting a push now. TATA MOTORS seems to be a good candidate. After recovering from low, it is consolidating nicely at a important fib level (seems like accumulation is going on). The stock is trading above near/med/long term moving average.
Bajaj Auto Wyckoff AccumulationWait for the breakout and then retest to enter positions with a very tight stop loss or just below the last point of support. This is called Wyckoff's Back Up to the Edge of the Creek Setup(BUEC).
We can get stopped 3-4 times but when we do catch the trade correct it will be worth much more because we have accumulation behind and a very favourable Risk Reward.
Will growth convert into momentum ? - MSTCLTDLong long consolidation of 8 months.
great results in last 2 quarters with high EPS growth
probable candidate for BO
3T VCP
good accumulation in base
SL - below 300
TGT - 400-418
( Intraday )---- UPL---- profit 25k in futures Good Morning Traders
Nothing To something To everything
🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻
👇Follow Ups on the comment section 👇
———TRADE SUMMARY———
Date:- 21.sep.21
Profit :- 25,000 (1Lot) or 2.76 % in cash
Capital Invested :- 2.3 LAKH
ROI :- 11%
R:R:- 1:3
FOLLOW , LIKE , COMMENT & SUPPORT
Indusind Bank - SIP modeIndusind Bank -
Nice accumulation taking place in 970-1060 price band. Looks like a good time to accumulate on SIP basis.
Once the share crosses 1060, we can target for 1100/1180.
Bulk buying should be avoided till 1160 level is breached on daily closing.
Shorting 1100 CE if you have adequate holdings is also advisable, however do this only if you have experience with covered calls.
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 other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
Refex Ind - 2yr C&H
BUY GUIDANCE:
Never buy before 3PM . I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
#CC BANCO INDIA- Inv Head and ShoulderInverted head and Shoulder Pattern on the weekly chart.
The stock has been taking resistance at 2 major trend lines. Going forward also, these resistances will be profit booking areas.
A huge accumulation of smart money + good results suggests this stock can go big.
Q1 FY2021-22 Q4 FY20-21
Total Income ₹ 508.77 crs ₹ 445.82 crs Up 14.12%
Net Profit ₹ 45.90 crs ₹ 18.39 crs Up 149.59%
EPS ₹ 6.42 ₹ 2.57 Up 149.81%
Q1 FY2021-22 Q1 FY2020-21
Total Income ₹ 508.77 crs ₹ 275.60 crs Up 84.6%
Net Profit ₹ 45.90 crs ₹ 17.56 crs Up 161.39%
EPS ₹ 6.42 ₹ 2.46 Up 160.98%