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Fibextension

ACCUMULATION-CHANNEL-BREAKOUT-UPMOVE-VOLUME-PROFILE-1D-1WClearly we can see the volume profile and the accumulation regions. During Mar-Apr-2020, a nice accumulation happened and then a nice momentum of upmove. 1. Now again a consolidation region since Feb-2021 has broken out of 830 price resistance level. 2. Moreover in the recent price action we can see a small upchannel, whose upper-trend line has also been broken. 3. The volume in this consolidation is similar to the previous accumulation, + breakout has given confirmation about the impending up-move. Target-: This has been determined which the help of Fib. Extension tools. The origin being the accumulation during Mar-Apr 2020 and current consolidation as the retracement region(other leg of Fib Extension) Stop-loss-: Clearly the support of the consolidation region can be used as stop-loss. RR ratio is good enough and Stop-loss is not that wide. NSE:TATACHEM **Followers let me know if this post was too short compared to my previous ones. Please suggest if I should add more or if this is sufficient** **Sorry for the gap and delay in posts**
NSE:TATACHEMLong
by VPA_TRADER
2
ACCUMULATION-TRIANGULAR-BREAKOUT-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 POC-: The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place. OBSERVATIONS-: 1. Triangular Breakout and then resistance at 884 level. 2. But the recent volume is comparable to the historical volume that accumulated before the long rally happened. This time its highest. 3. I would bet another round of accumulation is happening. So breakout above 884 level will confirm the accumulation and long position can be taken ENTRY-: Confirmatory breakout above 884 level. TARGET-: Since the expected rally could be as big as previous one since the accumulation is highest in the current region so we aim for at least 100% Fib Ext Level- 1270. STOP-LOSS 784 was a short-term resistance level. So somewhere below 784 would be a good stop-loss. Keep trailing stop-loss 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 **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **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:ADANIPORTS
NSE:ADANIPORTSLong
by VPA_TRADER
7
Major Move down due 29th jan still seems to be on course!My earlier publication using fib fans to predict the dates of major upward or downward moves still seems to be on course, it seems to me market players were trying to poke fun at retail traders yesterday with a tonne of fakeouts/bouncebacks. It makes sense to me that we are facing upward pressure as we were trying to move down too fast, in my experience slower the movement(up or down) the more bars it travels, too much momentum is almost always faced by a reversal(you can probably see volume charts and notice whenever the sell volume is at peak, an upward reversal occurs and vice versa). I'm expecting a downward movement from 33k on 29th Jan. Note: I'm not making blank statements, this is just my viewpoint according to my analyisis, you could take my advice it may work, it may not, this is only a possibility that I see most likely to occur.
by Gusatvtrades
Nifty : Pullback & then Run Up...After a day full of technical glitches, I hope we resume normal trading from today. There can be several theories for the glitch & we can make many post out of it but for time being lets look at result oriented task. When scrips, which showed volatility are ok to trade again ? This was the most frequent question I got yesterday. Intra Guys, never worry. Nothing Changed for Us. Positional's till those wicks are filled with some orders n market covers up the space, wait. Ex: SBI looks ugly n screwed. Fib extension reversal so I expect 50 points pullback in Nifty & 9730's will be good pickup point for Us to get into the trade, its bit weaker zone that's why having another zone below it at 9700's. But let's wait for the trade setup to happen as expected, if Bulls decided to run from here to upside, Buy on yesterday high break only if you have proper trade setup which you have tried already. Happy Trading !
NSE:NIFTYLong
by InsiderB
6