Date - 22 March 2024 Time - 10:30 AM WHAT is, 1. VAH& VAL- The upper limit of the Value Area is called Value Area High (VAH), while the lower limit is referred to as Value Area Low (VAL). These levels can serve as potential entry and exit points for trades. 2. POC- The price level for the time period with the highest traded volume. -As we can see, since...
Muthoot On a Higher Timeframe making significant Higher High and Higher Low Stock rejected from Previous High and came down for retracement. Stock Retested the Previous Breakout level and currently forming a Strong #PriceAction. So the Stock shd move from Higher Low to Previous Swing High then New ATH.
#JswEnergy moving strongly by making proper structure, Moving up without making much noise. Strong monthly breakout and Holding. Good to hold for Swing to Shortterm trades. Do ur own analysis with proper Stoploss
Last update There is now a break down of the dow theory it went back up from sup but still stuck in a range
Banknifty just made dow theory. I think its bullish (the path i made is just a guess) I hope it follows the path
1) Stock made Higher High, 2) Retracement is over 3) Priceaction is done 4) Entry above the Pin Bar 50 Stop loss and target in charts
Stock was under long term Consolidation at low levels which means under Accumulation, #TechM #Brokeout the range, retest done and now it will resume its trend. Pure #TechnicalAnalysis #DowTheory #WyckoffTheory
Chart patterns look good for a short trade in Reliance industries REASONS 1. RELIANCE has been trading inside an Ascending Channel and currently it is down under its Downswing move inside the channel 2. There is a Monthly breakdown (shown in chart) out of a 5 year old trendline support Monthly timeframe chart below - 3. In weekly chart shown below, ...
Chart insist me to go with the above titled opinion.... Reasons : 1. Stock has been respecting the expanding triangular pattern . 2. MSTC has given BREAKOUT with extra ordinary volume on 28th November. 3. Respecting the DOW theory and has formed HIGHER LOW and then BREAKOUT. 4. REVERSAL from perfect trendline Support . Target and SL mentioned in...
Attached: TITAN Daily Price Chart as of 22nd March 2023 Price has triggered a SELL Signal today on account of the following reasons: 1) Hidden Bearish RSI Divergence as RSI puts in a Higher High but Price puts in a Lower High 2) Price has come back to Retest a Prior Support Zone which now can act as Resistance 3) Dow Theory Structure of Lower Highs and Lower...
Attached: BPCL Weekly Chart as of 17th March 2023 Going by Harmonics: A Bullish Anti Bat Pattern has got activated with this Week's Bullish Power Candle Close above 350. This is a BUY signal!🚀 Going by Dow Theory: We see that Price has also put in its First Higher Low of 314 since the Lows of 288 back in October 2022. This is a Sign of a Trend Reversal...
Attached: BankNifty Weekly Chart as of 17th March 2023 A Bearish Anti Gartley Pattern had got activated in Bank Nifty on the 23rd Jan Weekly Candle Sell Off (Big Red Candle that caused a 5%+ decline) Since then there has been a follow up as Price continues to make Lower Highs and Lower Lows as evident in the Weekly Candles that have followed This Week's Candle...
Chart pattern just explains the situation Reasons 1. Dow theory respected. 2. Breakout with volume . 3. At 4 year old Support Trendline(from 2018). Target & SL levels mentioned @ chart !!! Let's wait & watch how it moves!!!! Note - Just Sharing my view....not a tip nor advice!!!
Classic dow theory states that a new low in one index not confirmed by others indicates a potential trend reversal on cards. Nonconfirmation amounts to inter-market divergences that are bullish or bearish. In this situation, the new low in bank nifty today over the last few days is not confirmed by the Nifty. Even more, the outperformance of the Midcap 100 index...
Dear Chartist, trader and investor, Deepak Nitrate is moving upward and follow the Dow Theory Tenant - Higher High and Higher low and today break the previous high and entered into suppliers zone. Waiting for through back and then entered into a long position. All the details are mentioned in charts.
Orient paper is ready for breakout the downtrend line.
we can see formation of higher highs and higher lows and moving average crossover with good volume breakout
Focus PI industries makkale, W pattern formed wait for confirmation then enter the trade. As i always say whatever we do must follow risk reward and money management rules.