#ASHOKLEY - VCP Breakout in Daily Time Frame Script: ASHOKLEY
Key highlights: 💡⚡
📈 VCP Breakout in Daily Time Frame
📈 Price gave a Gap Up Breakout
📈 Volume spike during Breakout
📈 MACD Bounce
📈 Can go for a swing trade
BUY ONLY ABOVE 132 DCB
⏱️ C.M.P 📑💰- 131.90
🟢 Target 🎯🏆 – 14%
⚠️ Stoploss ☠️🚫 – 7%
⚠️ Important: Market conditions are Okish, Position size 50% per Trade. Protect Capital Always
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk:Reward Ratio as 1:2, with this RR, you only need a 33% win rate to Breakeven.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with MMT. Cheers!🥂
Gap
Exhaustion vs Runaway Gap |How to Catch Trend and Spot ReversalsGaps often confuse traders — some lead to powerful trends, others signal trend exhaustion. In this video, I break down the key psychological and technical differences between Runaway Gaps and Exhaustion Gaps, with real examples and clean explanations.
Gap, Inc. (GAP) – Reinventing Retail Through AI and InnovationCompany Snapshot:
Gap Inc. NYSE:GAP , home to Gap, Old Navy, Banana Republic, and Athleta, is entering a new era of transformation under fresh leadership with a focus on technology, AI, and operational agility.
Key Catalysts:
AI-Driven Reinvention 🤖🛍️
Launched an Office of AI to accelerate personalization, demand forecasting, and automation
Enhancing digital marketing, customer experience, and inventory precision
Supply Chain Stability 📦🌎
Less than 10% exposure to China tariffs reduces margin volatility
Emphasis on diversified, resilient sourcing
Digital Transformation Momentum 📲
Investing in e-commerce platforms and data integration across brands
Aligning fashion cycles with real-time demand via predictive analytics
Brand Strength & Consumer Reach 👚👖
Broad appeal across income segments
Old Navy and Athleta continue to gain traction with value-conscious and wellness-driven consumers
Investment Outlook:
✅ Bullish Above: $24.00–$25.00
🚀 Upside Target: $44.00–$45.00
📈 Growth Drivers: Strategic tech adoption, supply chain discipline, brand modernization
💡 Gap isn’t just making clothes—it’s tailoring the future of fashion retail with AI. #GAP #RetailTech #AIinFashion
Will Gold Surge with a Gap Up as US-China Trade War Heats Up?XAU/USD Analysis: Will Gold Surge with a Gap Up? (26/5 - 30/5)
Fundamental Outlook
US-China Trade War: China's halt on US goods imports weakens the USD, boosting gold (inverse USD correlation).
Trump’s 50% EU Tariff Threat: Potential EU retaliation could spike global uncertainty, driving investors to gold as a safe haven.
Gold Demand: Rising trade tensions and inflation fears are pushing capital into gold, especially in India and China with upcoming festivals.
Macro Drivers
Monetary Policy:
US Fed: Trade war fallout may pressure rate cuts, reducing USD appeal and supporting gold.
China’s PBOC: Possible Yuan devaluation could lift gold prices in USD terms.
Market Sentiment:
Expect VIX spikes from trade uncertainties, favoring gold.
Strong physical gold demand in Asia supports prices.
Key Events:
US PCE inflation and consumer confidence data (watch for high inflation boosting gold).
Monitor EU/China trade retaliation statements.
Technical Analysis (H4 Chart)
Trend: Gold is in a strong ascending channel with support (3,325) and resistance (3,407 - 3,444).
Current Price: 3,407.554, testing key resistance (3,407 - 3,444).
Support Levels: 3,361.648 (mid-channel), 3,325.347 (channel support).
Resistance: 3,444.436 (all-time high).
Price Action: Recent Doji candle at resistance suggests possible pullback before continuation.
Fair Value Gaps (FVG):
3,325 - 3,340
3,361 - 3,407
Scenarios:
Bullish: Break above 3,444 with momentum could trigger a gap up, targeting 3,500
Bearish: Failure at 3,444 may lead to a pullback to 3,361 or 3,325.
Gap Up Probability: 60% chance at market open (26/5), driven by bullish sentiment.
Trading Plan
Buy Strategy
Entry: 3,361 - 3,370 (pullback to FVG or mid-channel).
Take Profit: 3,444 (resistance), 3,500 (breakout target).
Stop Loss: Below 3,325 (channel support).
Sell Strategy
Entry: Sell on rejection at 3,444 with bearish confirmation (e.g., strong bearish candle or head-and-shoulders).
Take Profit: 3,361 (FVG zone).
Stop Loss: Above 3,444.
Best Trading Times
Monitor market open (26/5) for gap-up confirmation.
Trade during London/New York sessions for optimal liquidity.
Key Takeaways
Gold is poised for potential upside due to trade war escalation and USD weakness. Watch for a breakout above 3,444 for a possible gap up or a pullback to 3,361 for buying opportunities. Stay updated on US inflation data and trade policy news.
Tata Steel Potential Breakout Candidate.📈 Tata Steel - Trading Plan
🎯 Trade Setup:
🔹 Entry: ₹159 (Preferably on a daily closing basis)
🔹 Stop Loss (SL): ₹145 (Daily closing basis) (-8.81%)
🔹 Target 1: ₹184 (+15.72%)
🔹 Risk-to-Reward (R:R): 1:1.78
📊 Why This Stock?
✅ Above 50 DMA & Consolidating Above 200 DMA – Signs of strength after prolonged weakness.
✅ Gap Up & Trading Near Resistance – Potential breakout opportunity if volume supports.
✅ Metal Index Breakout – Recently broke out of a base, trading just below 200 DMA.
✅ Weekly Candles Showing Strength – Wide-range candles indicate demand.
✅ Improving RSI – Momentum gaining strength.
⚠️ Risks to Consider
❌ Overall Trend Still Bearish – Market structure remains Lower Highs, Lower Lows.
❌ Metal Index Below 200 DMA – A strong close above it adds more conviction.
❌ Volume Needs Improvement – A breakout without volume can be weak.
📌 Safe Trading Approach
🔹 Ultra Safe Traders: Wait for a weekly close above ₹159.
🔹 Confirmation Traders: Enter only after Metal Index closes above 200 DMA with volume.
🔹 Breakout Traders: Ensure a clean breakout with strong volume before entry.
📢 Disclaimer: This is not a trade recommendation. Please do your own due diligence and manage your risk accordingly. 🚀
NIFTY 50 | Critical Levels & Gap-Fill Zones in Play!Nifty 50 continues to react strongly to key levels, but the overall structure still remains in correction mode. Let’s break it down:
White Lines (DTF Trendlines) ⚪:
2 key support lines and 1 counter-trendline (CT).
The DTF CT (near-term resistance) is around 500 points away from CMP, making it the next big test for bulls.
Blue & Yellow Trendlines (WTF & MTF Support) 📉:
A cluster of support created a bounce, but not as strong as past recoveries seen in 2023 or early 2024.
Despite FII selloffs & global stress, technical levels are holding up well!
Gap Zones (Blue Boxes) 📦:
The nearest gap got filled, and the next one sits just below our DTF white CT.
This could act as a magnet for price action in the near term.
Gap Down Fill Candles :
A few gaps got filled in a single session, showing bullish pressure at lower levels.
But, without a higher high - higher low structure or a DTF white CT breakout, the index stays in a corrective phase.
DCM Limited Exhibiting good Price Action. Risky proposition.
Microcap company.
Exhibiting good Pricie Action.
-Rounding Bottom.
-Darvas Box Breakout
-Breakout with Huge Volume.
-Wide Range Clean candle without any wick
-Dry volume when pulling back.
-Break Away Gap.
We talked about the positives now let's dwell on the negatives.
-Ideal entry missed.
-micro-cap company which increases the risk
One can trade it in 2 ways.
1. Wait for a retest of 113 levels. Add 30%-50% now and add the rest after retesting.
2. Wait for a breakout of 146, which is the ATH.
Keep SL low of the break-out candle.
Selecting this stock mainly for
-The volume
-Good clean candles.
-Break away Gap
I have laid out the possibility. Now it is time for you to do your due diligence. Remember this is a risky trade. Do not trade solely on tips. Enter only if you understand the Risk, the price action and the company.
Peace...
BEL Trying for a Reversal NSE:BEL is Trying to make a Reversal on the Daily Chart with today's heavy inflow as it's now gonna be part of the Nifty 50 which will attract more passive funds chasing it, although a breakaway gap is yet to be filled below the accumulation zone let's see if bulls can defend it a close above 315-317 Levels will confirm that they defended it and further upside can be seen.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Banknifty analysis Banknifty bounced from important swing support near 50200 after
a big fall from high of 54467 . Thereby given nearly a fall of 4000+ points
Now POC at 51350 will act as support.
on upside immediate resistance is 52370
and than golden fib level 52846 which also has gap area to fill
Expecting banknifty to move towards 52300 and than gap area.
Disclaimer : I am not SEBI registed
ZFSTEERING looking strongZFSTEERING after giving an episodic pivot gap with high volume is nicely respecting the gap and following tightly with respect to 21 EMA and 50 day MA. Looks like there's more gasoline left in the scrip. Stoploss should be placed ar 590-585. This is a great candidate for a swing trade.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
PostMortem on BankNifty Today & Analysis of 23 JUN 2023Even in spite of the recent greenish momentum, we were all looking for a bearish breakthrough. I cannot say with 100% confidence that we are on the verge for a timely correction - but the markets are quite indicating that way.
Banknifty is again scoring over Nifty50 by staying more stable and swinging lesser. Today's episode may be linked to ADANIENT, but over the past few weeks - I think Nifty50's volatility is higher than Banknifty. Mainly because the options premium & the daily price swings per strike depends on the uncertainty of the underlying.
And if you are an option seller, nifty's options gave more bang for the buck compared to banknifty.
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Banknifty opened slightly gap down, filled the gap immediately and then made a downswing. The LOD was 43519 at 09.35 which was recovered pretty quickly. By 10.25 BN turned positive and maintained ground.
The session from 12.45 to close made some price action which showed a sentimental level weakness - but nothing serious. In fact Nifty50 hit its LOD during the closing minutes, but not banknifty.
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Nifty50 1hr chart shows the trade that was carried out today was below the resistance zone for 18762. Yesterday's trade was concluded right at this SR level and then today's breakdown helped the momentum to play its part.
Yesterday also we discussed the price action forming a 2 legged downward move
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Banknifty's 1hr chart on the other hand is showing a converging price, the top keeps falling and the bottom stays steady. A falling wedge is a bullish indicator - but at present I dont see signs of outright bullishness.
BEL Paving way for INVERTED CUP & HANDLE ??!!!Chart pattern insist me the above titled opinion
Reasons
1. BEL is in formation of a Inverted Cup & Handle (Handle in progress)
2. Lower high and Lower low formed (confirming bearishness) .
3. Gap b/w 15th & 16th Day candle can act as Strong resistance.
4. Target & SL levels mentioned @ Chart.
5. BEL may take support @ Green trendline (Major Support from 2020) .
Let's wait & watch how it moves!!!
Note - Just sharing my view...not a tip nor advice!!!
KOTAKBANK in Bear's Radar ??!!!Chart patterns look impressive and paves way for the above titled opinion
REASONS
1. KOTAKBANK has been trading inside ASCENDING CHANNEL(Bright red and green trendlines) taking support and resistance at perfect levels till now.
2. Currently it is going under the down swing move inside the ascending channel .
3. In daily time frame , it looks like a Bearish Pennant in process yet to break.
4. Target & SL levels as mentioned (dashed yellow horizontal lines)@ chart.
5. It may take support @ Green line( 10year old strong support from 2014 ) (channel support) soon.
6. In addition to the above mentioned points, A GAP remains UNFILLED till now.
7. Gap often gets filled .....there is a chance for that to happen... .let's stick with our targets and trail our SL!!!
8. Better to enter after a day or at least 2 hour Breakdown out of the Yellow trendline .(as shown below)
Let's wait & watch how it moves!!!!
Note- Just Sharing my view....not a tip nor advice!!!!
SBILIFE Double top Breakdown ??!!!Chart pattern look interesting for a short trade
Reasons
1. SBILIFE travelling in a Descending channel pattern ( hourly time frame)
2. Now, it has formed a DOUBLETOP pattern (with a perfect High & Lower High as the two tops )
3. Lower low too formed on Friday, increasing our probability and thus Breakdown!!!
4. SL & Target levels mentioned @ chart as horizontal dashed lines(red & green)
5. 2 hr candle escaping out of the channel(yellow) can be less risky SL.
6. On 15th Feb(wed), Sbilife formed a Superb Bullish Engulfing day candle, but couldnot sustain. ... showing the BEARS STRENGTH!!!!
7. 1113(1st target) level small gap remains unfilled!!!
Let's wait and watch how it moves!!!!
NOTE- Just sharing my view......not a tip nor advice!!!!
ZeelNSE:ZEEL1!
Running news of merger with sony .chart have breakaway gaps with highest volume with previous weekly trendline and triangle breakout.
now again forming triangle on weekly trendline support area ,breakaway gap area with bullish butterfly, also having support of monthly inside candlestick low, and divergence on daily chart
Buy Zeel above 226.4 add more 218.80 with two days candle closing stop loss of below 200 target will 236.9-247-274-287++(short term )
mid term buy Zeel @ 226-216 two days closing stop loss below 200 target 287- 364-412
long term buy Zeel @ 226-216 weekly closing sl below 199 target 364-562
BOLO JAI GAJANAND
SIEMENS Ready for a Sharp CORRECTION MOVE ??!!!Chart patterns poise way for the above titled opinion
Reasons
1. SIEMENS travelling in a Ascending channel (From 2019)(Bright red & green lines shown in chart).
2. Now, it seems ready for the downswing (white trendline descending channel shown in chart) inside the Ascending channel.
3. Rounding top too confirming the chances of down move .
4. GAP b/w 6th & 7th December is acting as Support.
Entry can be made after the yellow trendline gets broken.(Keeping the high of the breakdown candle as SL)
FIB 0.5 can act as support in downside(1st target)- 2645
Safe SL mentioned @ chart.(IF WE ENTER NOW)
Let's wait & watch how it moves!!!!
Note - Just Sharing my view...not a tip nor advice!!!
Gap Trading Combined With Supply & Demand ZonesWhat Are Gaps?
Gaps are nothing but Price of a Stock moving up and down sharply with no or little trading happening between the previous days close and current days open. Gaps show an ultimate picture of imbalance between supply & demand. Gap formations are due to many fundamental and technical reasons.
Most common example, when there is an announcement of company earnings. Gap Up or Gap Down is imminent the next trading day due to positive or negative news. A trader can profit from gaps provided he/she can identify the type of gap and its location with perspective to Institutional Supply & Demand Zones.
Gap Trading Strategy using Supply and Demand Zones
A lot of traders are fearful of Gaps and see it as a threat & aren’t comfortable carrying positions overnight. However, for a professional Supply Demand Trader, these Gaps aren’t threats on the contrary they provide high probability trading opportunities, when combined with Supply & Demand Zones.
Four Gap Structures That We Look At:
1. Inside Gaps
2. Outside gaps
3. Novice Gaps
4. Professional Gaps
1.How to Identify & Trade Inside Gaps?
Inside gaps are created when Price Opens between the prior Day’s High and low. Often these gaps fill quickly on the same day. Inside gaps can be mainly used for quick intraday trades, provided they happen at strong supply & demand zones.
Gap Up into a strong Supply Zone provides a good short opportunity, whereas Gap Down into a strong Demand Zone presents a good long opportunity. Let’s see an example:
2.How to Identify & Trade Outside Gaps?
Outside gaps are created when Price opens beyond the Prior days High and low. These gaps generally do not fill on the same day. They indicate the establishment of a new Trend or the continuation of the existing one.
One must wait for quality Supply & Demand Zones to form after the gap and wait for a pullback to join the new move. Let’s see an example:
3.How to Identify & Trade Novice Gaps?
When price gaps in the same direction of the current trend, then it is called a Novice Gap. Novice gaps as the name suggests are created by novice trader emotions and are excellent opportunities to find high probability trade setups.
Gap Up or Gap Down after extended moves into quality areas of Supply & Demand, offer us high probability Short & Long opportunities respectively. Let’s see an example:
4.How to Identify & Trade Professional Gaps?
When price gaps up in the Opposite direction of the current trend, it is called a Professional Gap or a Pro gap. Pro gaps represent a significant imbalance between Supply & Demand.
Pro Gaps generally occur after extended moves in one direction, taking the amateur traders completely by surprise. They generally bring about trend change. Pro Gap Down & Pro Gap Up form high probability Supply & Demand Zones. Pull back to these zones provide us with opportunities to enter at trend change points. Let us see with an example:
'LEAP' the 'GAP' with the knowledge !!!Definition of a Gap:-
- Gap is a space left behind by a script in its price chart.
- It is the area of discontinuity price in the respective script.
- The reason may be anything but generally it occurs due to sudden changes in the sentiment of the market due to some events or news related to the particular script.
Types of Gaps:-
1. Common Gaps -
These gaps are not so certain to be considered. They are visible casually and almost every day as we have seen Nifty gaps up or down daily without any event or news. They have a high tendency to be filled (price generally comes back to that gap).
2. Breakaway Gaps -
A much more significant gap indicates the start of a new trend. Often seen at resistance or support points for example a stock is trading in a small band bounded with resistance and support and suddenly breaks the band with a gap on either side, now this gap indicates the start of the new trend which is according to the level which is broken.
Higher volumes at the gap point further confirm the move.
3. Runaway Gaps -
Runaway gaps are quite similar to the above one but, the major difference between them is runaway gaps are seen in the middle of the trend and breakaway gaps are seen before the trend. This gap indicates the strength of the trend and confirms the buying/selling interest in the stock.
This gap generally occurs in aggressive buying/selling interest due to news or events.
4. Exhaustion Gaps -
These gaps occur at the stage of exhaustion of the trend i.e. the trend is very close to finishing. If spotted correctly it could provide you exit at a very sweet spot. It is a typical sign of trend reversal. It generally occurs after the spike in the price of the stock.
This indicates that the market players are not interested to take the position at such a high/low price. The volumes would be unusual in this case.
My Observation: Breakaway and Exhaustion gaps can be spotted with help of RSI, if you RSI at choppy levels i.e. 40-60, and a significant gap is formed it is generally a breakaway gap. And if RSI is at extreme levels i.e. 15 or 85 and a significant gap is formed it is usually an exhaustion gap.