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COALINDIA Trade Analysis for Buy using Wyckoff method.Wyckoff Story Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH. Down wave Analysis We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation Bias. Volume Analysis In Phase B we see increase in supply but the price is not able to go below the trading range, lot of effort to push the price down but fails, indicating effort vs result is not synced. Confirming the accumulation bias. We have supply decrease from Phase A to Phase C indicating supply is being absorbed. Sign of Strength we have Major sign of strength in phase D with good demand volume indicating institutions are present in buying. Final View Bullish on stock with entry marked on the chart
NSE:COALINDIALong
by ksujit08
MFSL Breakout BUY!MFSL LONG SETUP Attached: Daily Chart as of 21st June 2023 - Price has activated an Inverted Head & Shoulders/ Cup & Handle/ Bull Flag Breakout today on the back of High Volumes (Price Volume Pattern BO) - Laggard from Insurance is finally joining in the Sectoral Rally (Sector Tailwinds) - The previous Dip halted at 0.382, ABC corrective (Wave 3 or Wave C upside pending) - Daily RSI crossed above 70 today - Daily MACD gave a Buy Signal today Upside Target= 785/ 807🎯📈 Stop Loss= Today's Low (< 710)
NSE:MFSLLong
by T_Harth
PAYTM Breakout Buy Signal!Attached: NSE:PAYTM Daily Chart as of 5th May 2023 Everybody is talking about ONDC on Twitter and how it is disrupting Zomato and Swiggy. Apparently you can use ONDC via PAYTM to order food online (Note: Open Network for Digital Commerce (ONDC) is an initiative aiming at promoting open networks for all aspects of exchange of goods and services over digital or electronic networks) And the Stock Chart of PAYTM also shows Investor Interest/ Buying Activity Price gave a Breakout Buy Signal on Friday 5th May supported by Volume Activity on the back of this ONDC Disruption News
NSE:PAYTMLong
by T_Harth
4
Crude Oil- BULLISH CONTINUATION!Attached: Crude Oil Daily Live Market Chart On Sunday 2nd April 2023, Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day. Top OPEC producer Saudi Arabia said it would cut output by 500,000 bpd. And due to this Surprise Output Cut, the Next Day itself Oil Prices Gapped Up and Closed Up 6.16% (+ 4.66 dollars) Following that Prices have consolidated for 4 days giving Inside Bars, holding the Gap Zone Today, Price is finally some some Buying Action It appears that the Gap Up is a Breakaway Gap and now Oil Prices are ready to Break Out of the 4 day Consolidation Looking at Moving Averages: 20 EMA has crossed above 50 EMA giving a Buy Signal Price is consolidating right below 200 EMA and once its Breaks above it, Price is to Accelerate on the Upside LEVELS: Current Market Price= $ 81.40 Upside Target: $ 92 to $ 100 Stop Loss: below $ 79 ....................................
OLong
by T_Harth
GDX- Cup & Handle BREAKOUT BUY!Attached: GDX Daily Chart as of 7th April 2023 Price has given a Classic Cup & Handle Breakout Buy Signal on the Charts What do Technical Indicators say on the Daily Chart? - RSI is in overbought zone ( > 70) and confirming a Bullish Regime✅ - MACD is trending up and in buy mode, confirming Momentum✅ - DMI is in buy mode and ADX is above 25, confirming a Strong Up Trend✅ Going by Pure Price Action too and especially if you go on the Weekly Chart, you can see last Week put in a Clear Bull Power Candle which is our Breakout Candle The Green Trend Line serves as the Neckline for the Cup & Handle Pattern Trade Plan as follows: Current Market Price= 34.43 Upside Target🎯= 40 to 42 zone Stop Loss⚠️ can be < 32 This is our Swing/ Positional Trade Call ............................................... Note: Not only is GDX Bullish for the IMMEDIATE Short Term (Daily Time Frame as I have put out in this Idea), but it is also Bullish on the Higher Time Frames like the Monthly and the Weekly as well, so there is a Multi Time Frame Alignment too✅ Lastly, Refer to my Related Ideas to see my GDX Analysis on the Monthly Time Frame to get my Long Term View for an INVESTMENT CALL👍
AMEX:GDXLong
by T_Harth