Dr. Reddy's : Triangle Pattern Formation in Demand ZonesDr. Reddy's stock is currently forming a descending triangle pattern on the 2-hour, 4-hour, and daily demand Zones. This pattern and its positioning within demand zones are crucial for potential future movements.
Key Observations:
Triangle Pattern : The stock is creating a descending triangle pattern, characterized by a series of lower highs and a horizontal support level. This pattern often precedes a breakout or breakdown, depending on the direction of the price action.
Demand Zones: The triangle pattern is developing within established demand zones on all three time frames. These zones are areas where buying interest has been strong in the past, which may influence the pattern's outcome on the upside.
Implications:
Potential Breakout : Watch for a breakout above the upper trendline signaling the start of a new trend.
Support Levels: The demand zones within the triangle may act as crucial support levels. A bounce from these levels could lead to a trend reversal.
Key Levels:
Demand Zones:
Daily:
4Hour:
2Hour:
Pattern:
Lets monitor the price action closely as the stock approaches the apex of the triangle pattern for potential trading opportunities when it breaks out
Institutionallevels
Vodafone in 4H & 2H Demand Zones: Potential Reversal Ahead?Vodafone is currently consolidating in both the 4-hour and 2-hour demand zones , coupled with daily trendline support , indicating a strong potential for a bullish reversal. This price consolidation suggests potential accumulation and could lead to a bullish reversal in the near future. Also convergence of support levels across multiple time frames adds confidence to a possible bounce in price action. There should be a lookout for a potential bullish breakout, especially considering the strong confluence of support levels.
Key Levels:
Daily Trendline Support:
4H Demand Zone:
2H Demand Zone:
Breakout Possibility
The price is consolidating within the demand zones in both the 4H and 2H time frames, while maintaining contact with a daily trendline support. This consolidation could signal an accumulation phase, where the market is indecisive before a breakout. Once the price has broken out of the range (i.e resistance @ 13.77), The target could be the next supply zone around 15. There is also a small gap filling opportunity as well
BULLISH VIEW ON SATIAHuge momentum is expected in SATIA. Keep it on your watchlist.
Be sure to buy it at an average price. If you buy, please follow risk management & maintain appropriate position sizing.
Disclaimer: This post is for educational purposes and not a recommendation. The analysis posted here is just our view.
Hindustan Institutional buying zone Similar to the HDFC analysis I gave, Hindustan Uni has approached its major support zone where it has had three previous 12% rallies from.
position Sizing is recommended...
What is position sizing?
It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct.
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
Hence, if one does go long, I personally am buying as close to the zone as possible and then will be adding more as positive signs are shown.
One downside is that the overall market is taking a beating and a dead cross has formed on Hindustan Uni
Keep It simple
LATENTVIEW - THE ART OF WYCKOFF ACCUMULATIONLATENTVIEW is being accumulated by institutions, I have already explained the Wyckoff Accumulation in my previous posts. You can refer my 63MOONS post to study in detail.
I have initiated my position @ 383. MY stoploss is 340
*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.
Bajaj Electricals IBZ Bajaj Electricals has approached its institutional buying zone and is rangebound over a long horizon as clearly visible.
position Sizing is recommended...
What is position sizing?
It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct.
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
Hence, if one does go long, I personally am buying as close to the zone as possible and then will be adding more as positive signs are shown.
Keep It simple
SIGACHI a classic example of Wykcoff accumulationSIGACHI Industries is showing signs of Wykcoff Accumulation. I I have explained earlier in my post how Wyckoff accumulation works. Please refer it. I believe a trend reversal is taking place here. I have entered the scrip with stoploss placed @ 280.
*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.
HDFC BANK institutional buying zone HDFC bank has been in this range since about 300 days and has always bounced back from
this institutional buying zone where big players accumulate.
It has approached this range again giving a beautiful risk to reward ratio of 1:3 and more.
As seen in the past, on the break of this minor downward trend, the market rallies to the resistance zone hence we should follow the past.
Position Sizing is recommended...
What is position sizing?
It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct.
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
Hence, if one does go long, I personally am buying as close to the zone as possible and then will be adding more as the trendline breaks.
Volume isn't a key indicator here since it has been high in the past as the market approached this zone and still rallied upwards.
Targets marked on the chart.
Keep It Simple
Infosys Institutional Zone Infosys is currently on a crazy support, this is not just any support, it is an institutional support where price has run up 17% and 19% in the past in just
1-2 months.
1. Falling volume- as price approached this area, selling pressure weakened out and candles became smaller with larger wicks. Which is a bullish sign
Entry- After it Breaks Away
Stop loss- Below the consolidation
Target- 1617
Keep It Simple
Institutional Buying Zone Looking at past data, it is visible that: whenever, reliance comes to this zone and breaks out, it rallies, candle after candle, and has given 18% and 30%
returns in almost 1 month. Reliance is at the same zone and at the bottom of market structure, it has formed 2 more bullish confirmations.
1. liquidity grab- Reliance broke the support zone and trapped short sellers and used that liquidity to burst out
2. Multiple Bearish Anomalies- As reliance approached the zone, it has a type of stopping volume, like a person slamming the brakes, red candles came with high volume but with very little downward price movement and started forming lower wicks.
Even a good time to buy for investments.
Target: 2754
Stop loss: 2180
Risk:Reward- 1:5
Keep It Simple
How to be successful by following the foot prints of Big Banks.A Very simple way to identify the foot prints of Big banks / Institutions / Big players in trading.
Why to follow the big banks ?
Because they are the market leaders who decide the direction of a market, and also they never loose their position most of the
time.
So who will be successful ? following big players or the one who follow retailers?
So hope you can find the answer - the one following the big banks / or institutions.
This can be achieved by finding the Valid Supply and Demand Zones and taking trade at those Zones only.
More info is given in below comments
Aditya Birla fashion 2 possibilitiesHello traders, this stock has been in my watchlist for a long time now, but for me it's not tradeable right now until and unless it it triggers one of the 2 possible scenario above.
Scenario 1
It completes the double top pattern:
In this case it will go to the bottom of the long existing channel.
Risk reward will be 1:4
200 MA cluster can also act support.
Scenario 2
It takes support from bottom channel line:
It falls down but without triggering our short.
Risk reward will be 1:5
Takes support from the 200 MA or
Takes support from bottom channel trendline
Bounces up to the upper side of channel
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Heromotoco breakout + consolidationHeromotoco has been falling like a meteor in the past months and now looks to have made a bottom
It has retraced 50% on the weekly timeframe.
RSI is bullish but for now oversold so we might see some consolidation
MACD is above the signal line.
Bounced back of 50% fib level.
Sitting on 200 MA cluster.
Buy above - 2841
Targets mentioned in the chart above
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Naukri (infoedge) bullish aboveNaukri has came above 200 ma after trapping the bears.
Took support and bounced back from demand zone.
MACD above the signal line
RSI is just below 50
It looks like the above 5700 levels the stock is going to give institutional breakout.
Buy above - 5700
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Indian Oil Corporation 1- Hour Chart expecting a Sell to BuyIndian Oil Corporation as seen on the 1-hour time frame has been putting in higher prices.
The last place composite man (Institutions) sold In was at 103.55 and pushed prices higher to 113.70. Price has created imbalances as it pushed higher and a Demand Zone which has not been mitigated yet. We can expect prices to come back into the demand zone near 104 and may see prices delivered higher in the future.
We can look for short positions towards 104 if the opportunity provides and buy-back with the institutions once it reaches our Demand Zone if we get confirmation to look for buys.
NIFTY 50 INSTITUATIONAL PRICE ACTION Nifty has made imbalances on different areas where it needs to come back and mitigate. Currently what we can see is there is a Institutional Sell order which needs to be mitigated on the left and price would need a lot of liquidity before coming in to the 13800 level to shoot to the upside inline with the Institutional Buy level.
How ever there should be enough liquidity to push price down to those level, which institutions might do by going up to the 15200 - 15300 imbalance area, trapping retail traders to push liquidity down to 13800 and eventually pushing it back up to 15400.
Plan A would be a Sell towards the 13800 and Plan B the Buy form 13800 towards 15400.