Consolidation
HDFC - Possible Swing Trade SetupCurrent price action is consolidation within uptrend. Now, the price action tested the previous support, failed to break it and now it may swing up to test the resistance range in coming days. It seems like a good swing trade setup.
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.
GLAND offers good R:R positionallyChart Structure:
- In consolidation after Darvas Breakout.
- Stock in continuous uptrend.
- Price has retraced almost 33% of its up move.
Relative Strength:
- RS is strong and in uptrend.
- No Flip-Flop stock.
Volume Activity:
- Good Delivery volume in past few days
- 20 MFs Increased & 10 MFs decreased their positions in June.
Financial Performance:
- Company posted good Q1 results.
- QoQ Sales increased by 29.98%
- QoQ Profits increased by 34.64%
Stock Analysis of Rupa & Co.Price - 519.45 Dt. - 30.07.2021
Stock is consolidating from 1 June. It's been 60 days since the stock is moving in range and it looks like the stock is ready to make investors and traders rich.
If the stock crosses above 525 with good volume then it will be the buy signal.
How to make 6% fast in Voltas - Logic and trade entry Voltas is trading between the zones of supply and demand and currently on demand zones and moving towards the supply zones, we can make a good 1:2.5 RR trade
here on a 1HR tf close near 1060 levels target for 6% and risk can be set near 2% to 2.5%
wait for 1hr close and let it close bullishly on 1hr :) trade with proper risk rules and follow them also let the trade initiate :)
Any problems regarding the trade plz comment and feel free to discuss
Hinudstan copper, still long way to go.Accumulation: Wyckoff Events
PS—preliminary support , where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—selling climax , the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests.
AR—automatic rally , which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR.
ST—secondary test , in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC.
Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring.
Test —Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume.
SOS —sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action.
LPS —last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term.
BU —“back-up”. This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
Text taken from school.stockcharts.com
Note : You'll never get everything as per text book theory. You always need to modify some parts as required. Bookish knowledge and reality is not exact.
Probable profit booking zones.
Review the charts at each level, book profit accordingly.
Targets are set based on my observations of various stocks like NSE:TANLA , BSE:VENKYS , NSE:MASTEK etc. you can check monthly charts and compare it with this chart.
Your own analysis is expected before taking potions. Blindly following and entering can land you in trouble. Don't get carried away by targets as they are multibagger type. Analyze at each level and book profit accordingly. Nothing works 100% in live market, you need to act accordingly to the changing circumstances.
TATASTLBSL offers good R:R positionally (Study)- Price coming out of VCP contraction range;
- Spread value crossing over 50 ma;
- Positive Volume Activity during VCP Breakout.
- Accumulative volumes during consolidation.
- Stock took a breather of 20% after 110% rally.
ALKYLAMINE, darvas box consolidation breakout, coming up?Hello traders,
ALKYAMINE, a chemical stock which rallied huge on based of some news.
same rally might come up again if it breaks this 3 month consolidation box.
can go for first target of 14% upmove and 2nd target of 75% upmove.
keep a watch on this. can be best for swing and intraday.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
#VGUARD .. Watch for bounce back from supportVGUARD is a fundamentally strong company. It has come out of a 4 year long consolidation in range and has given a breakout with retesting completed.
Currently the price lacks momentum however, current structure is very bullish and can easily resume moving upwards during next week.
VGUARD has almost 2X twice after giving similar breakouts. See below -
Maharashtra Scooters Rounding Bottom Breakout (Consolidation)Maharashtra Scooters Ltd has a tendency to consolidate an then give a move . Previously before twice it has done the same thing . This time the consolidation has extended but looks like breakout has happened . Though there has been a little correction selling but if it retest's it can give an upward move or it can directly move upwards. Looks like a decent chart with good potential.
LINDE INDIA CUP AND HANDLE CHART PATTERN- Bullish Trend SoonThe following chart shows the CUP and HANDLE Chart Pattern of Linde India, Expect a Bullish Reversal Soon. A perfect Rounded Bottom was Converted into a Cup And Handle Pattern, giving more clarity towards the overall trend.
Make sure to Place your stop losses correctly, because last year we have seen a huge rally in this Stock. The Monthly Charts show a Perfect Evening Star. So make sure to go somewhere between Mid and Long Term.
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.
Manappuram Finance Breakout! NSE:MANAPPURAM Manappuram Finance Breakout
Breakout from a consolidation. Bullish.
Good Risk to Reward Ratio.
Will buy if takes support and moves further.
I would appreciate your thoughts on it.
PS. - I am not SEBI registered. This is for analysis and educational purpose only.
#TATACOFFEE .. 10-20% move is coming .. 2.43R Check the chart...strong price consolidation and hidden bullish divergence... RR on the trade is 2.43