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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...
NSE:DCMLong
by sagartharayil
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.
NSE:BELLong
by Karanshah137
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.
BSE:ZFSTEERINGLong
by nishant_bhatt
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. --- 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. --- 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 --- 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.
NSE:BANKNIFTY
by viswaram
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!!!
NSE:BELShort
by mmjimm
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!!!!
NSE:KOTAKBANKShort
by mmjimm
2
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!!!!
NSE:SBILIFEShort
by mmjimm
2
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
ZLong
by slkingyogesh
4
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!!!
NSE:SIEMENSShort
by mmjimm
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:
NSE:CUBEducation
by MAKTradingSchool
16
'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.
NSE:NIFTYEducation
by Chaser30
5
Gap up / gap down intraday strategy with simple entry / exitI get queries from a lot of people who don't want to study technical analysis much. They're just focused on getting a predefined trading strategy, which they can use effectively in the market without looking much at the charts . So, in this video, I share a strategy which has been given really good results and it works a lot of times and I believe the probability of this particular strategy is close to around 65 to 70%. It has simple entry and exit rules, and you can only apply this particular strategy when the market opens gap up or gap down. See, whenever the market opens gap up or gap down, there is high volatile period of the market during the beginning half an hour or an hour. And in that period of time,if you place a trade, then you have a good probability if market moves as per expectation. As you can see these days, nifty and back nifty have been creating gap up and gap down opening almost on a daily basis. In this case, the first rule is that if the market opens gap up by more than half a percent. So for example, if bank nifty opens gap up by more then 200 points. , then only you can apply this strategy. And on the other hand, if nifty opens gap up or gap down by more than 50 or 60 points, then only you should think of applying this particular strategy. Small gaps do not count in this strategy. So if bank nifty gaps down or gaps up by only 50- 60 points, then avoid this strategy altogether. See, whenever the market is opening gap up or gap down, there are two possibilities. The market might continue the current trend. For example, if the market opens gap up, the chances are that the market might move higher, or the other possibility is that the market might go sideways the whole day. So ,in this case, whenever you see the market opening gap up or gap down by more than half a percent, just have to follow this simple procedure. Just plot the 15 minute chart with a 20 exponential moving average. Why 20 exponential moving average because the market usually gets good support and resistance around the 20 moving average. You can expect the market to stall around the moving average for a lot of times if you take a trade. So ,you just have to plot the 15 minute chart, and if the market gaps up or gaps down, you just have to watch the first 15 minute candle. So if the market opens gap up and it forms a bullish candle. Then , what you can do is you can sell puts if price breaks the first 15M candle high. You can sell puts with the stop loss at the low of the candle. If the market comes below the low of the candlestick the first 15 minute bar, then you exit your position and book the loss. Why sell puts? The idea behind selling puts is that during the first 15-30 minutes, the volatility is on a very higher side during that period. And if at that point of time you start to sell options, then with the passage of time, as the market starts to move sideways, the volatility reduces. And, what occurs is a concept called IV Crush. The volatility starts to reduce very quickly and that will give you a benefit if you sell a put, even if the market goes sideways. So for example, the market formed a very big bullish candle, and the criteria is if it crosses the high of the candle ,sell puts . So, the whole day, if the market is moving sideways/upwards , the volatility crush will start to happen. And with the passage of time, you'll start to see the benefit of the IV Crush and the time decay. So this is a very handy strategy which you can apply. Always remember, keep the stop loss below of the first 15M candle. It's a very effective technique, and it's based upon gap openings. And ,the first 15 minutes usually tell us who is on the stronger side, who's winning , buyers or sellers. So make sure the gap is big and whatever bar is being formed in the first 15 minutes. If the bar is bullish, you sell a put If the price crosses the high of that candle stick, and stop plus below the low of that candlestick. It's an effective rule based strategy and you can back test it on nifty and bank nifty. And you can also check its reliability, its effectiveness, you can also add this particular strategy in your tool kit. So I hope this strategy will provide some sort of value to you in your trading. And if you find the video helpful, don't forget to like this and share it and also comment your thoughts. Thank you very much and take care.
NSE:BANKNIFTYEducation
by piyushrawtani
24
Tata Motor - Runaway gaps or Exhaustion Gap (Learning) Runaway Gaps Good uptrend can have runaway gaps caused by significant news events that cause new interest in the stock. There is a significant increase in volume during and after the runaway gap. Recent Events - Tata AGM 2022 Exhaustion Gaps This Gaps formed near or the end of good uptrend. Identified by high volume with a large price difference between previous days close and opening price. This are quickly filled as prices reverse their trends. Please let me know if I am wrong or rights.
NSE:TATAMOTORS
by sarangmv
2
Breakaway GapWhat is the Breakaway gap? It occurs when the price goes above the resistance or below the support. It changes price direction from the existing chart pattern. Here, there was a price trend for 1 month where prices were trading in the ascending parallel channel. But on the 13th of June, it changed its direction. Impact of Breakaway gap? It creates a strong resistance. When it occurs on the downside, the probability of the gap getting filled is very low because market participants become fearful and a chain reaction kicks in. Whereas in an upside breakaway gap, it acts as support and there is a higher possibility of slight retracement because here participants become greedy and close their position. How to trade it? In the downside breakaway gap, consider the low of the previous candle as a point of exit and short the calls In the Upside breakaway gap, consider the high of the previous candle as a point of exit and short the puts
NSE:NIFTY1!Education
by OK_Rane
1