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Avwap

BSE, will it breach this AVWAP?Lets learn new thing: AVWAP (stands for Anchored Volume Weighted Average Price): the average Price of a stock weighted by Volume from an Anchored point (swing low or swing high are good anchor points). Think like moving average but volume also include (not entirely true but to keep easy you can think like that) so it become more powerful as it involves both price and volume. Now come to BSE, check white AVWAP how it was major resistance and gave fake breakout too. But when it breaches, it gave good Breakout (BO). Again new blue AVWAP acting as good resistance, now have to check how it acted when it breach this line. If it will give good breakout, add this powerful tool to your charts. To learn more about this tool, DM me. No sell/buy recommendations
NSE:BSELong
by takmanish007
SGX NIFTY- Above 18k Inverted H&S Breakout!Attached: SGX NIFTY Daily Live Market Chart as of 27th April 2023 Price has put in a Clean Inverted Head & Shoulders Breakout signaling further Upside from here and BULLs in the Driver Seat! I have used Fib Extension Ratios of 3= 1 3= 1.272 3= 1.618 to get Upside Targets for this Rally The Inverted Head & Shoulder Measured Pattern Target comes at Target 2 in the Chart which is approx. 18950 On a Further Note, Price has also cleared all the Overhead Supply in the form of Anchored VWAPs and so the Path is Clear for SGX NIFTY to rocket upwards! Stop Loss/ View Invalidates below 17600
NSEIX:NIFTY1!Long
by T_Harth
SGX NIFTY- Anchored VWAP Detailed Analysis!Attached: SGXNIFTY Daily Live Market Chart as of 24th March 2023 (post 12:00 AM) I am sharing this to bring to your attention the following points: 1. Price is currently consolidating below a Cluster of Anchored VWAPs (labelled on the chart). These same AVWAPs have acted as support in the past, see from where Price had rallied off in Oct 2022 for example 2. Price is also consolidating in the Lower Half of the Falling Trend Channel drawn from the Dec 2022 Highs 3. 16800 is the Make or Break Level using the Law of Polarity (labelled on the chart) So when Price breaks⚠️ down these 3 Confluences, expect the 🐻Bear Market/ Bear Trend📉 to ACCELERATE 🩸! And that will then Open the AVWAP Downside Targets🎯 as follows: T1= 16400 T2= 15800 T3= 15300 Also these are the Very Same Downside Targets that I have been calling for when Nifty was trading at 18000 in the first week of Jan 2023. In addition to all of this you would also notice my Elliot Wave marking for the B Wave false breakout to New Highs. We are in Wave C of a Bear Market presently. Best, Siddharth Bhansali
NSEIX:NIFTY1!Short
by T_Harth
Aurobindo Pharma: Bullish SetupNSE:AUROPHARMA has quite a few interesting setup traits: In the volume profile one can see the two PoC (Point of Control) - one during downtrend - another during uptrend - placed at 444 and 474 level. The PoC at 474 is really interesting. Means the interest is at the sustained levels of price. Absolute high volume Uptick in Momentum (RSI). Price Structure - was creating LH-LL. Then last one month (since 1st week of Feb) it actually pulled up and able to deny the structure by making a High higher than previous lower-high. That denotes the end of corrective phase. And then price is actually inside a Darvas box since last two weeks. Today it seems getting out of the Darvas box with volume and momentum. See the two AVWAP placements :) The upper line avwap line it will touch as T1. Please keep the SL at downtrend PoC at 445.
NSE:AUROPHARMALong
by pradipandsuvra
1
Reversal play in Shyam Metalics (#SHYAMMETL) With Nifty Metal Index breaking out today , lets see how Shyam Metalics NSE:SHYAMMETL can play out from here... Stock was clearly in downtrend, making Lower Highs and Lower Lows (blue & red highlights on the chart). But it can reverse from here now. How? Here are some observations: - It recently took support at IPO Price - Made first Higher High (green highlight) - Currently facing resistance from 14th Sep AVWAP (Rs. 354). - Can take support at 20th Dec AVWAP (Rs. 338) - Crossing above Rs. 354 will most probably break the support-turned resistance zone of Rs.360 too with force. - Later, it can face resistance from 22nd July AVWAP (Rs. 383) and come to retest the Rs. 360 area. - There should be no looking back once it crosses the 22nd July AVWAP - Company has high ROE (above 20%) and currently trades at lower valuation multiples than its peers. Disclaimer: Do not consider this as a trade recommendation.
NSE:SHYAMMETLLong
by Pro-Setups
Banknifty analysisAn Anchored VWAP is drawn with anchor date 28th Jan 2021 which was the previous swing low. The price took support initially at 23rd Feb, 1st March. It finally broke below AVWAP on 15th March, retraced the AVWAP line on 16th March, and continued the downward trend. We could conclude that the bear has taken control of the market. It then acted as resistance on 29th April and 18th May. Price finally broke above AVWAP on 21st May which started a bull phase of the BNF. What's interesting to see here is two AVWAPs with anchor dates 28th Jan and 16th Feb (previous swing low and high respectively) almost coincide near price level 34000 for last one or two months forming a sort of zone of confluence. This must act as strong support for BNF. We must watch for this level in the near future and trade accordingly. The next immediate level of support is 33500 although not so strong. IN SHORT- STRONG SUPPORT FOR BNF AT 34000.
NSE:BANKNIFTY1!
by SHRIKANT_KADAM
BATA India Mean Reversion Setup - Self explanatory & Annotated Chart - Key Levels are Marked - Enter at BO level @ 1340 - Exit at Target level @ 1445 , approx 7-8% upside - Time Frame is few Days - Stop Loss level for Risk as per your choice also mentioned - High probability setup based on AVWAP Study + Multi Time Frame + Pattern + RSI - Stock is Bullish on all time frames for a Mean Reversion (am not posting charts of other time frames but have a look for yourself) Good Luck :) If you find this Trade Idea helpful, please Like, Comment & follow me on Twitter to keep updated with my Trading activity & new ideas. Note: I rarely post Ideas on Trading View platform (have only recently started)
NSE:BATAINDIALong
by T_Harth