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Nifty Level For Tomorrow ( Price Action Analysis)If Tomorrow Market open flat and go sideways taking support at 166335 then go long for 50-80 Points or if this level breaks then go short for 100-120 Points Or If Market Open big gap up below 16580 then faces resistance then go short or breaks this level then go long for 80-90 points Or If Market open Gap down above 16336 taking support then go long with a small risk ratio and if level breaks go shorts Nifty Resistance :- 16600 -16800 Nifty Supports :- 16350 -16160 All advice is for educational purposes concern your financial advisor.
NSE:NIFTY
by Mayurnavhale
Bank Nifty Level for Tomorrow ( Price Action ) If Tomorrow market open below 34980 and form big red candle then go Short for 100-150 Points Or If Market Open flat on last day market close and form 15 green candles then go long with small quantity and if 35300 level breaks add more quantity as per your risk management. Or If Market open a big gap down above 34670 and market go long if green candle form Or If Market open big gap up and faces resistance at 35800 then go short with good quantity Bank Nifty Resistances :- 35800 - 36000 Bank Nifty Supports :- 34670 - 34250 All Advice is for educational purposes , concern your financial advisor before taking any investment decision
NSE:BANKNIFTY
by Mayurnavhale
Bank Nifty Level for Tomorrow ( Price Action ) If market open Gap Up above 36240 and form green candle go long for 100-120 point. you can also wait to breaks 15 min high then take an entry Or If Market Open Flat and faces resistance at 36240 then go short if 36130 for 20 to 30 points and you can avoid if your risk ratio increase Or If Market open Gap Down above 35750 and 15 min green candle high breaks go long for 100 - 150 points If the Market goes sideways avoid trade All advice is for educational purposes
NSE:BANKNIFTY
by Mayurnavhale
PENNANT-BREAKOUT-UPTREND-PRICE-ACTION-VOLUME-PROFILEDisclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile-: Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. 2. If the current volume is low, its mostly a pause before the trend resumes 3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case POC-: The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place. IMPORTANT OBSERVATIONS-: 1. Stock formed a big triangular pattern, gave breakout and then rallied. 2. Recent it formed a flag-pennant-like pattern i:e a brief pause. 3. That can be confirmed by the volume in that region. Mark the low volume as compared to the high volume when it started rising.This confirms that the current pennant pattern was just a pause. And thus when breakout happens the uptrend will resume. TARGET WITH LOGIC-: Since its a brief pause. and within that pause buying ( green,blue) volume is more than selling (red )volume. There is a high chance the current expected up-move should be kind of equivalent to previous move (could be more too). So a Fib Extension 100% target seems feasible. ENTRY-: Entry at CMP since it has just given a breakout out of the small triangular pattern with trend-lines tested at least 3 times gives us a nice conviction. STOP_LOSS 1450 and 1165 are good support levels. But since 1450 is too close to CMP , it will be a narrow stop-loss. Thus a conservative stop-loss is better for a swing trade in 1W. So 1165 could be a good spot. Its necessary to trail stop-loss as per your strategy. You may use Moving Average with ATR(14) as buffer. EXIT Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals. 1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
NSE:MCXLong
by VPA_TRADER
2
WEDGE-BREAKOUT-UPTREND-PRICE-ACTION-VOLUME-PROFILEDisclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile-: In volume profile we can compare the levels of volume at different price levels historically and current price levels to try to find the strength of current move and strength of the resistance it might face. If the up-move (currently) and its previous accumulation's volume is very high compared to the volume of its historical resistance level it means we have more strength in up-move and weak resistances can be crossed. IMPORTANT OBSERVATIONS-: 1. Stock was declining for a while. 2. Gave a nice falling wedge or triangular pattern breakout and started rising. 3. Recently accumulated over a range and then gave a breakout. 4. Has retraced a little with low volume and thus has given us an opportunity to enter with confirmation. 5. The volume of the accumulation level is too high compared to the volume at its all time high, which shows its a weak resistance level and there is a high chance it will be broken. TARGET WITH LOGIC: Since all-time-high has a weak resistance we might make a target farther than the all time high. Since the up-move is strong and accumulation has nice volume. So a Fib Extension target of 168% makes sense since , since the rally started the recent accumulation has more volume than ever before so the current expected up-move should be more than the previous rally. So 168% MY APOLOGIES-: Of course the best entry would have been after breakout of the wedge pattern with confirmation but I had not come across the stock at that time due to my negligence. (See my other recent posts, some of them have recently given wedge breakout with good opportunities) ENTRY and STOP-LOSS Entry at CMP above 90 level with a conservative stop-loss at the support of accumulation which is at 65 would be better than an aggressive stop-loss. Enter only if next time the entry price gives a reasonable RR ratio as per your strategy. Keep trailing stop-loss. One of the ways is to use Moving Average with Average True Range(14) (ATR) as buffer. EXIT IF there is bearishness near the all time high, a trailed stop-loss should be at place and obeyed. Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep trailing stop-loss. Following can be used as exit signals or bearishness signals. 1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
WLong
by VPA_TRADER