Markup
ADANIPORTS - Buy above 370NSE:ADANIPORTS
Buy At 370 or above
SL - 357 or 1% of your money with proper position sizing.
Reason for the trade: 3 months of accumulation and for the first time price has closed above the green line, hence ready to move out the value area and into markup phase.
Volume was high today meaning big money has already enter and are ready to take the price higher now.
If you are taking the trade, please keep strict SL.
Disclaimer: Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.
KARNATAKA BANK - BULLISHNSE:KTKBANK
(For Learning Purpose)
Currently trading in Wyckoff's Phase 1 (Accumulation)
Test of supply happened and price started to move up with expanding volume
We can clearly see volume expansion when price moves up and volume contraction when price moves down or trading in range
Price might move down to ₹40 - ₹42 range before starting to move up but bullish trend is confirmed only when price crosses ₹55 mark
Breakout from Accumulation zoneIt has been observed in the chart that NIITTECH given break out at 447.5. volume also picked up and bounce from 200day MA. watch near 440/448 for target 530/580 stop loss below 420.