Consolidation
MINDTREE CONSOLIDATION BREAKOUT TRADE MINDTREE is consolidating from long time ,can give a good breakout anyside. Trade as per your analysis.
Mentorship InstaView 01 Sept’21: What Goes Up, Must Slow Down
Nifty View: We now have a slow down of the recent momentum as the benchmark Nifty posted a flattish negative close to end the trading session at 17,096. The index did slip quite a bit from its intraday high of 17,228 to end the series of four consecutive positive daily closes. No damage to the underlying UP trend yet and any further weakness should be first looked into as an opportunity to go long. Stock and sector specific momentum continues as we noticed in the Real Estate stocks today, and this trend is likely to continue. So keep a bullish bias. Please watch the video for a more detailed analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
SOME OF THE SIGNALS FOR SUUCCESFUL BREAKOUTSZensartech has shown some beautiful indications of long-term bullishness, usually, these types of breakouts sustain for longer periods of time, have a full conviction on these types of trading setups.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
QUICK AND DILIGENT ANALYSIS ON BERGER PAINTS !!!Notable points:
1.Stock is taking support at major weekly trendline support area, also same zone is a previous resistance which turned into support now.
2.The stock is at 50% fibo support and seeing some buying interest with formation long lower wick candle at the support.
3.The stock is almost bottomed out in RSI , thus can expect a bounce from this area.
4.The stock was in a decent uptrend and did a long consolidation therefore probability of bounce from major weekly trendline support is high.
Short Term View : Bullish
Timeframe used : Daily
Target : 830-870
Takeaway : Can enter at or near by the current trendline support.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
Mentorship InstaView 26 Aug’21: Rare Boring Expiry
Nifty View: Hi good evening traders … we are on the evening of 26th of August 2021, fairly muted session for the nifty specially keeping in mind that we had the expiry of derivatives contracts today, up by just six points on the daily timeframe. We now have consecutive to spinning tops and on a day on day basis you can see lower high and lower lows, this is not exactly a bearish sign but this is a sign that we should take it with a little caution. There is a price momentum divergence on the daily time frame and also the range of the market is shrinking, these are definite signs of consolidation and the important question is whether it will correct or consolidate. I have shared my detailed view in the video. I hope you will find it useful enough.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
HAPPSTMNDS offering good RRHAPPIEST MINDS
Chart Structure:
- Stock is in a continuous uptrend.
- Stock took a breather of 13% after a 58% up-move.
- Currently stock is consolidating at a 10% range.
Volume:
- Stock trended up with huge volume activity.
- During consolidation around 40 lac shares were delivered from 23-29 July. All days delivery is above average.
- On 20th August, there was a delivery of 7.30 lac shares
- By looking at Volume bars, the supply looks exhausted.
Relative Strength:
- Stock is outperforming both its sector (NiftyIT) & Nifty50 in 1W, 1M, 3M & 6M
- Stock is also outperforming Midcap Index.
- Spread Chart breakout happened today.
Financials:
- In Q1, sales grew by 11% QoQ & 30% YoY
- PBT growth was -2% QoQ & 46% YoY
- PAT growth stood at -5% QoQ & -29% YoY
Other Positive Highlights:
- At CMP, the stock is offering excellent RR.
- Given the sectoral tailwind, the stock is also expected to perform well.
Good stock to study & keep an eye upon.
IBULHSGFIN | Another flag opportunity - 10%IBULHSGFIN | Another flag opportunity - 10%
CMP : 232
SL : 227
Target : 255
1:4 risk reward setup
LINDEINDIA (Positional Study)LINDE INDIA LTD.
Chart Structure:
- Price approaching All-time High.
- From Feb. to April '21 stock rallied about 100% and took a breather of around 20%
- Stock is consolidating for the last 4 months, forming a weak Reverse Head & Shoulder type of pattern.
Volume & Deliveries:
- Last 18 sessions witnessed huge volume activity in the stock.
- Total Traded Quantity from 27th July was 27.71 lac shares.
- Total shares delivered were 14.48 lac shares
- Stock has seen such deliveries before the last rally.
Relative Strength:
- Stock is already RS+ in the longer term.
- It has started outperformance again in a shorter (55) term.
- Spread breakout has happened a week ago.
Financial Performance:
- Co. saw Sales growth of 18% QoQ & 109% YoY
- Co. saw Profit growth of -77% QoQ & 255% YoY
- There was a negative profit growth(QoQ) in Net profit because of 14% tax benefit enjoyed by co. in last quarter & Exceptional income from sale of land, due to which the NP & EPS shot up unexpectedly.
- While comparing PBT, we get a 3% growth
Why stock might go further up?
- Linde produces industrial gases required for the Manufacturing of Steel along with other industrial gases.
- From April to June Steel Production in India has gone from 8300 MT to 9400 MT which is further expected to increase.
- Manufacturing PMI data also saw an increase from June to July (almost 15% in value)
- With the tailwind in the steel sector (which indicates an increase in steel production in coming Quarters) Linde might also benefit from the same.
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
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**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
Titan Long | Consolidation BreakoutAfter a consolidation, the stock has given the breakout from the previous huddles and tested the previous resistance with a successful pullback. Now, on the previous resistance levels, good green candles are been formed, showing the signs of a new uptrend.
Stock has been consistently making higher highs.
An hourly closing above 1860 can be a good opportunity for the swing trade
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
HDFC READY TO CONTINUE ITS UP RALLY AFTER A PAUSEBUY HDFC ABOVE 2685
SL 2620 DAILY CLOSING BASIS
TGT 2870 / 3500
REASON:
1> Long Consolidation Break Out after an Established Uptrend
2> Consolidation Resistance Level has been already retested
3> RSI Sustaining above 60 Level
4> Good Expected RR Ratio