Dow Bottom Broken - What to do nextDow Bottom Broken - What to do next. No one know the next market move but Dow theory tells us when to react.
Dowtheory
[Positional] Dhanuka Agritech buy IdeaDhanuka Agritech seems to be moving in a parallel channel .
After the downtrend, it has reached it's demand zone as per parallel channel where it is currently consolidating indicating accumulation.
For high probability setup a trader should always wait for price to give confirmatory signal then act.
Buy trade can be taken when uptrend is confirmed by dow theory. So, when price will go above it's previous high 791 we can initiate a buy trade with stoploss as previous swing low 704.
Target at top of the channel comes near 1070 making a very attractive R:R of 1:3
WATERBASE | Trend reversal - Trying to capture 10% WATERBASE | Trend reversal - Trying to capture 10%
CMP : 108
SL : 102
Target : 122
Almost 1:3 risk reward setup
Higher High Higher Low Formation. Swing trade ideaStock was moving down but now in 1hr timeframe the stock has formed a Higher High Higher Low structure and can be added for a swing trade as per Dow Theory
Higher High Higher Low Formation. Strong CandleStock was in correction mode. But in lower timeframe, the stock has formed HH HL structure and given a good close. Can be a good entry trigger
Accumulation & Distribution Levels - DOW THEORY Dow Theory - Accumulation and Distribution
Accumulation is marked by resource-rich participants accumulating the stock at lower levels when other participants are fearful
Distribution is marked by resource-rich participants de-liquidating the stock at higher levels when other participants are greedy
dow theory according dow theory it can come near 1200 and can bounce back and it will break the resisitance of 1508
Route Mobile - Low Risk SetupThe stock was in uptrend since its IPO. Recently after some strong candles the stock was moving sideways. Today the stock has come out of that sideways movement and formed HH HL structure. Can be a low risk entry here.
Uflex - Trendline BreakoutStock was in consolidation. today it has given breakout above trendline and also formed a HH HL structure
NIFTY Trading Cycle - Accumulation/Markup/Distribution/Markdown Educational:
According to Dow Theory, the bull markets are trade with three distinct phases, which are self-repeating. These are called the Accumulation phase, the Markup phase, and the Distribution phase. Initial 2 phases we seen 2 time repeating on the nifty's bull rally. Now we need to focus on 3rd phase which can be distribution phase after this 2 cycles.
Disclaimer: Consider this post for educational purpose only. Which helps you to understand different phases of market. Not recommended to buy/sell any position by considering this post. Before taking any decision firstly take advice from your financial advisor. Thank You!
Sequent Scientific Weekly View1) Weekly Trendline Support Broken.
2) Entered into Stage III - Consolidation/Minor correction.
3) Taking Support at 225.
4) If we apply Dow Theory:
(i) A close below previous swing low (HL/214) may result in change of Trend. Which is Stage IV - Downtrend. OR
(ii) Stage III may continue for a while before it enters next Stage II - Uptrend.
EID parry ready for a intraday spike.Looking at the history of its price action, EID parry might give a one day spike tomorrow.
Giant move expected in bank nifty by the end of the month.Bank nifty has been consolidating in a narrow range of 34093 to 36230 that is 6%, and if we look carefully there is a trendline from may 2020 which bank nifty respects and takes supports from, and in the past 10 days it has hit the upper poart of the channel that is 36230 on 7 occasions so we can expect a good move in bank nifty when it comes near to the trendline.
Why I am bullish on Airtel - Macro trend analysisThis is a long-term analysis for the telecommunications giant - Bharti Airtel .
There are two primary market trends in the broad perspective :
1. Uptrend/downtrend
2. Accumulation/ Distribution.
The accumulation phase is the boring phase , when smart investors accumulate positions and get in early. the uptrend/mark-up phase is the euphoria phase when the retail market participation increases, indicated by surge in volume, and smart investors slowly start unloading their positions, until the uptrend momentum has subsided, followed by a new accumulation phase and another possible mark-up, or a distribution phase followed by a downtrend, which is also known as a bear market. Till the time price has moved away from the range it has been trading in, we do not know whether the range is accumulative or distributive in nature.
As you can see in the chart, Bharti Airtel has been in an accumulation range for more than 10 years, and it seems as though we have finally successfully managed to break away from the range to the upside. The longer a stock has been in accumulation, the stronger the momentum once price breaks away from the range.
Let us see a stock that has done something similar. It is none other than, Reliance Industries .
You can clearly see how quickly the trend progressed after leaving the accumulation range.
Key takeaway points from the analysis and comparison
1. Airtel has been range bound for a longer period of time as compared to Reliance. This implies that Airtel has spent more time in the accumulation phase.
2. Airtel broke out of the range in early 2020, but threatened to fall back into the range, only to deviate back above and hold the range-high as support for several months. Deviation and reclaim as support is considered a strong bullish sign, indicating that buyers are stepping in to defend the range high as support.
3. Reliance never back-tested its range high as support before its second mark-up phase. Airtel back-testing range high as support is giving buyers more confidence that the stock is ready for price-discovery mode.
4. Volume analysis - Airtel has a better volume profile, with depleting low volume during accumulation phase and a surge in volume upon breakout attempt, and is showing continued volume strength. This setup was not seen in Reliance.
Conclusion
With this we can conclude that Airtel is giving us a nice bullish setup for a long term trend change shift and tackling new all time highs. The Indian stock market has been in a bull run ever since the year 2000, with corrections along the way (two major corrections in 2008 and 2020). As long as this macro bullish structure of the Indian market continues, we can expect Bharti Airtel to perform strongly in the coming years and have a similar run up as compared to Reliance Industries.
Thank you. Do leave a like/comment if you enjoyed the analysis.
Note: This is not financial advise. It is for educational/entertainment purposes only
CAMS for swing tradeCAMS is giving good returns from some time now and presently it is in a good range, anything below 3200 would be good buy.
IOC | Nice retracement after swing high breakout (Dow theory)IOC | Nice retracement after Swing High breakout (Dow theory)
CMP : 106
SL : 98
Target : 150, 160
P.S : I'm taking it for long time, allocated a small capital. Unless SL is hit i'm planning to hold for 1-2 years
#Gayatri Project #Gayatri Project
Looks good for short to medium term from current levels of 39
SL 26
Target 48
Looks as a money bagger to me
UKOILBRENT (Crude Oil):- 74.22 CMP, 80 to 90 zone (Multiple Resistance Zone)
1) Dow Theory (Downtrend Since 2008/2009)
2)Crude takes year to rise (But in pandemic its is rise too fast)
USDINR DOW theory Weekly View from Monday 14Jun2021USDINR DOW theory Weekly View from Monday 14Jun2021
Uptrend in Daily Timeframe
USDINR has broken out of a triangle/flag pattern
Retest of the same is expected to go higher.
However, gap up possibility is also considered, if this happens we are super bullish on it if it stays above the gap for at least an hour.
Details given on the chart.
Happy Trading !!!
USDINR DOW theory Flag BOEverything explained in chart...
Sold Put options of lower strikes and next expiry...
Disclaimer : This is a trading idea for learning. No trading call. Keep your stop losses and risks within your limits.
Nifty View To do ATH or not to do ATH, that is the question?Nifty broke our bearish DOW theory and made a HH (higher high) than previous LH (lower high)
If this bullish DOW theory has to continue, expecting a HL and then continue upwards. Cautiously Bullish view here.
Though if on a broader outlook, it has not crossed high and we can consider today's high as Lower high compared to yesterday's High.
So, on broader view, it is still making LH and we may expect a LL and for trading that move we must see a breakdown of 15690 (HL level)
Today's high is also 78% retracement of yesterday's dip (which could also be wave B).
Nifty Expiry View 10 June 2021Nifty broke the Higher Low of the previous Uptrend, making a Lower Low - Lower High formation.
This can be considered trend reversal.
Nifty may halt at this level between 15700 - 15500
If flag breaks down making LL below 15560, or makes a bearish candle pattern supporting bearish view, we may go for short.
else price may halt here before continuing the downward journey...
USDINR reversing / DOW theoryUSD INR formed a bullish candle today on Daily TF
Also, on hourly its changing DOW theory and making higher highs and higher lows... YES ! Uptrend !
Flag n pole structure formed on hourly.
Flag breaks go long or else wait for confirmation of breakdown below 72.638
Went long after the morning star today... :)
Happy Trading !!!
