On a weekly timeframe the chart is religiously following its anchored VWAP since the march 2020 low. It has been creating accumulation zones shown in the BLUE color boxes shifting UP
Stock was consolidating in a range after giving a strong upmove. Today the stock has given a strong close and close above AVWAP ST Dev 1. Can be a good pick for a positional trade.
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...
Stock was in downtrend. Today it has formed a very strong candle which closed above AVWAP and High Volume Node
ESAB India rose quickly. After that was consolidating and today tested AVWAP calculated from the recent move. Stock had high delivery qty during the recent week. A low risk setup
An 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...
- 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...
Hi Folks , United Spirits Ready For Bull Run, Stock Analysis using Market Structure and Phase analysis with Anchored Volume Weighted Average Price hop you like it. Thanks,
Hi Folks, Market Cycle Study On Dabur For Swing Trade Hope You Like It , This Strategy is by Mr. Brian Shannon Alpha Tends. Thanks,