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Consolidation-breakout

CONSOLIDATION-ACCUMULATION-BREAKOUT-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 OBSERVATION-: Previously stock rallied rapidly after years of consolidation. Now we can see a significant consolidation happening where buying volume (blue) is greater than selling volume (yellow) 1. Moreover the current region volume has highest volume since the previous rally started. Definitely another round of accumulation is taking place. 2. So breakout above 815 will confirm and uptrend may resume. 3. Note the last breakout had low volume and RSI>80 suggesting it was a fail breakout. But now RSI <70 and volume has increased. So this time breakout might not fail ENTRY-: Above 840 confirmatory breakout STOP_LOSS Around the support of consolidation 604. TARGET-: Due to more accumulation the expected uptrend could be more than the previous rally. So 168% Fib-Ext Target. 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:AARTIDRUGS
NSE:AARTIDRUGSLong
by VPA_TRADER
5
SRTRANSFIN ACCUMULATION 1D 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. NSE:SRTRANSFIN used to consolidate for a very very long time between 700 and 1300. After the rally since last year we can see currently its in a sideways region. This could be accumulation or distribution. We are not sure yet. But chances are high it is a small pause and a small accumulation region. Nonetheless confirmation is absolutely essential. 1500 and 1265 are important levels within which the sideways region is currently in. Breakout with high buying(green) volume will confirm accumulation and the opposite could signal possible distribution. Volume Profile -: ACCUMULATION REGION: 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 IMPORTANT OBSERVATIONS 1. From 17Mar-20 to 30Oct-20 A Nice accumulation took place in the rectangular region with ample of volume. 2. Then rally happened with in between small pause where accumulation happened since in those small pause green volume was more than red volume (more buying than selling). 3. Now its in sideways but with very low volume compared to historical accumulation. So there is a high chance that its a brief pause and soon it will breakout and resume the trend. TARGET WITH LOGIC Mark the brief pause that happened between 22nd Nov and 23rd Dec (2020). The volume at that level is comparable to the volume at current level. Two things can happen 1. It breaks out with this amount of volume. In this case, it makes sense to assume a rally to be little more than the rally since 23rd Dec 2020 level since the accumulation volumes are almost same. So i used a Fib Extension from 23rd Dec 2020 and marked 168% as target level. 2. It continues in this region for a long time. Then afterwards if it breaks out we have to consider rally to be much longer because the accumulation now is much stronger. I will update target level with image if that happens Entry Wait for a breakout above 1537 level with high volume, 1D, closing at 320PM and then take position. I will update here before or during possible breakout. You may use breakout above 1537 + ATR(Average True Range) for additional confirmation. -> The best way to enter would be to partially after breakout and the add after (throwback + continuation). i will update when addition can be done. STOPLOSS Best to place stop-loss at or below 1276 for conservative approach. Then trail as per your strategy or best use MA in 1H or 1D timeframe with ATR 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 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit Note-: This analysis is for NSE:SRTRANSFIN to be put in watchlist not immediately taken position in. **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 LIKE AND 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:SRTRANSFIN
SLong
by VPA_TRADER
SBI LIFE INSURANCE LONGOPEN CHART FOR ANALYSIS Daily charts of SBI life shows that the stock has been moving in a specifies price range making continuous Higher Highs and Higher lows. A few days back it gave a good breakout with volumes. And it showed a pull-back now and took support of the range line. Also, if we look at the 1-minute chart of Sbi LIfe ins. (not able to upload multiple time frame chart, you may open 1-minute chart of sbi life ins), there are huge volumes towards day end which pushed the price upwards. This shows buying interest in traders. Can take entry at this point with marked targets Stop Loss- 1078, TRAIL STOP LOSS FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS..
NSE:SBILIFELong
by Keshav2329
Dhunseri Ventures LongDVL looks poised to give a high momentum up move. 2 Entry locations identified with relevant SL and target levels Dhunseri Ventures has an operating revenue of Rs. 181.83 Cr. on a trailing 12-month basis. An annual revenue growth of 112% is outstanding, Pre-tax margin of 74% is great, ROE of 14% is good. The company has a reasonable debt to equity of 3%, which signals a healthy balance sheet Dhunseri Ventures is involved in the business activities of Other financial service activities, except insurance and pension funding activities.
NSE:DVLLong
by charting.student
4