KNR Constructions Ltd: Momentum trade setup. Increasing buyer participation and institutional interest. Trending above short medium and long MA's. Happy trading folks NSE:KNRCON
“The goal of a successful trader is to make the best trades. Money is secondary.” - Alexander Elder
Meaning: A quote to remind you to focus on getting the trade to work first! Money...
Inside Weekly Bar Formation - Week A volatility is 10%, Week B Volatility drops to 5.2% and Finally Week C is 3.6%. The stock went tighter in terms of movement meaning there were very limited sellers in the stock. All bars were inside the body of the previous one
KEI - The contraction in KEI dropped from 12 % to 4% over a period of 17 days. This means the weaker buyers were getting out and the stronger ones were accumulating which resulted in the stock shooting up 10% in the next 3 days post getting into very tight movements in the last 3 days of the total 17 days.
Bataindia - Bought it after a volatility contraction pattern formation with the volatility dropping from 14% to 3% in the second contraction (marked by the green curve lines). A drop of 50% in volatility is good but in this case it dropped more than 50%, which means most of the weak buyers were out of the stock.
Institutional buying drove the price higher by 22%...