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
Consolidation
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
Continuous in UptrendStock in uptrend since listing cause the fundamentals are very strong
and growth is very much impressive.
Future is bright fundamentally and so that looks technically too.
Let's see does it give breakout or breakdown.
The only one thing that is the wicks upper side in current pattern are long.
That should be also considering point to took a trade.
Even if it gave breakdown, the major support line is near so a pullback will also come soon so not to worry a lot.
It will be amazing if gave breakout.
Let's see.
This post is for information purpose only.
TATACOFFEE potential breakoutTATACOFFEE has been consolidating in this range for a few sessions now.
we can expect a breakout out of 195 if its accompanied by good volumes.
1HR chart also shows the same.
kindly perform your own analysis and enter trade above 195.
ASIANPAINT Trade Setup For Tomorrow ( 22nd July)So Asian Paint share give around 6% move on Tuesday, there is a two reasons behind it.
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1. Asian Paint was in consolidation mode from last so many days so it gave a breakout on Tuesday with the level of 3068.
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2. In the second half, Asain paint declare their good Quarter Results so it gives the more upward momentum to the share.
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So for tomorrow, there is a simple Strategy, Asian Paint share will retraced till .5 level mean till 3106 or 3083
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At the retraced level you should buy for the targets of 3270. .
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Note: Don't buy in the morning maybe after making one green candle stock will retraced, so buy only once it retraced.
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What's your view on this comment below in the box.
Stock Analysis of Cadila HealthcarePrice - 622.50 Dt. - 20.07.2021
The stock is consolidating from May 10 and on 20th July stock took the support of a lower horizontal line and managed to close above the 50DEMA. The stock broke the 21 DEMA which was acting as a support for the last few days. Nifty Pharma may start moving up from the next trading sessions.
If the stock starts moving up from Thursday and if it is above 630 after 1 pm with high volume then it would be a buy signal with the target of 670.
TATA MOTORS ANALYSISChart is self-explanatory (OPEN THE CHART FOR DETAILED VIEW)
Take position according to your analysis
Long position can be taken after the breakout from the consolidation zone with half quantity book at 338 (mid way supply zone) and full book at 360-370 (major supply zone and trendline)
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JK tire in simple consolidation See the graph, but formed last red candle so only enter in trade after 150.50 or 151 crossing , or else oppose of it, it may go to deep oversell zone , good to buy for short-medium term , just an idea i have...follow me for more genuine ideas on standard stocks only...
Mentorship InstaView 16 July’21: Consolidation is better than Co
Nifty View: A flat unit point's negative close for the benchmark Nifty index in today’s session to end the week. On a week-on-week basis, it was however a better performance as the index gained over 1.35% or 213 points and post a new life high. The index is essentially consolidating this recent rally with today’s flat close which has taken the shape of a “Bearish Harami” pattern on the daily time frame. I will reiterate my view that the only worry for the next couple of trading sessions will be if the index slips down and breaks below 15,775. Or else we should do fine and short tern consolidations like we experienced today is healthy for the underlying uptrend. Keep a bullish stance and look to add long positions.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.