Lets learn new thing: AVWAP (stands for Anchored Volume Weighted Average Price): the average Price of a stock weighted by Volume from an Anchored point (swing low or swing high are good anchor points). Think like moving average but volume also include (not entirely true but to keep easy you can think like that) so it become more powerful as it involves both...
WTI Crude Oil picks up bids to reverse the previous day’s retreat from a seven-week-old falling resistance line, close to $78.65 by the press time. In doing so, the black gold recovers from a 50% Fibonacci retracement of December 2023 to April 2024 upside, near $77.70. Given the bullish MACD signals and upbeat RSI conditions underpinning the commodity’s rebound,...
Nifty opens gap up and bulls were struggle to survive into the markets and made days low 21791 level. Afterwards bulls came back into action and made days high which is 22670 with 735 points up which is almost 3.36% up. Nifty has formed a big bullish candle on daily chart with long lower shadow which indicates participants were buying from day’s low. Candle...
Fifth winning streak of bears with huge gap down. Bears were aggressive from starting of the day and made day’s low which is 22417 level with almost 270 points. Nifty has formed big body bearish candle with upper and lower shadow on daily chart. Candle is trading below 9 Days Simple Moving Average line on daily chart. 22313 will work as support level with...
NDTV can go till 226, taking reversal from Fib golden zone.
These two patterns indicate a new strong trend is about to begin. Keep this stock in watchlist. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The nature and degree of separation in both bands indicates the price could resume its uptrend. On the upside the range of 10% could be tested. And on the down side the range is 9%. For a positional trade the level of 416 can be used as a stop loss and for target the level is 480. Disclaimer: This is my pre market analysis and my trading journal. Not a...
Nifty opens gap up and mad days high which is 22297 level but didn’t survive upper level and bear drag the nifty down to the 22151 points, after that index was in a consolidation and gave flat to bearish closing which is -17 points. Index has formed red body candle with upper and lower shadow. Candle is crossing 9 Days Moving Average Line on daily chart. Nifty...
Another gap up opening of Index and highly volatile session, Index has made days high that is 22516 level, there was profit booking in last hours of trading. Third green body shaven bottom candle is formed on daily chart, which indicates todays open and low are same and buyers were buying from starting of the day. Formation of last three candles are higher highs...
Second winning strike of bulls and took control over market and made days high that is 22180 level. Nifty has formed big green body candle with upper and lower shadow. Candle is taking support of 50 days Moving Average line. Nifty is able to hold above on 22000 level so that next hurdle level can be 22115 and weakness could be seen towards 21831 level. Today’s...
Gap up opening of Nifty with Positive note and made days high that is 22080. Into second half bears were back into action and took Nifty down to the low of the day that is 21941 level. Index has formed small green body candle with upper and lower shadows. Nifty has taken support of 50 days Simple Moving Average line on daily chart. Nifty is able to hold...
Alkyl Amines breaks out from Falling Wedge Pattern with higher volumes. It is trading above its 200EMA and other key moving averages.
In Mphasis, there is a resistance trendline broken so good candidate for opening a long position. PFB the key levels EN - 2427, TP - 2552, SL - 2326
Breakout in BPCL @398.00 Weekly Chart basis. :: Data Point :: Breakout Level: @398.00 1st Target: @420.00 2nd Target: @470.00 Stoploss Level: @372.00 Note: BPCL traded above 200 EMA as well as Good Volume showing its Breakout poteintiality.
The Stock in Breakout Range and Strong closed above MA 200 Expected Target 275 Educational Purpose Only
CENTRAL BANK OF INDIA DAILY BREAKOUT :: Data Point :: Breakout Lavel @33.00 1st Target Level @36.00 (April 2019 Resistance) 2nd Target Level @40.00 (Last year High) Stoploss Level @29.50 (Swing Low) This is a CUP & HANDLE Pattern. If its sustain above @33.00 then go for LONG.
Bank Nifty Trading in a narrow range in coming few days we can expect a breakout/breakdown. BNF is at a Important Support Level including 200 EMA Support as well, if it breaks we can expect a sharp down-move after a retest at the support levels.
We all have witnessed the bombastic rally of Gold & Silver, now it seems that companies that are engaged in business related to gold & silver are going to buzz. Let's have a detailed overview of the stock in prominent timeframes. Daily Timeframe: - Goldiam has shown a breakout from a right-angled broadening wedge pattern which was under construction for...