Dwarkesh Sugar is currently trading in a tight range and most likely forming a pivot range of <= 7%
What is the trade idea?
Stock has risen 222% within 21 weeks and formed a good 2T VCP pattern. Now it's been consolidating for a good 17 weeks and with the low risk range that’s currently in progress, it is on my high alert now.
My expectation is that 78.50...
Summary
► DTF is in area with "BEARISH HAMMER", which infers "sellers dominant" bias".
► Pivot analysis infers TRADING RANGE bias.
► CPR is in "LOWER VALUE WIDE RANGE" relationship.
► Support levels 15605/15578
► Resistance levels 15778/15735.
FII have sold total of 18300 crores in total for this month. SO, my suggestion it would be better if we take short...
Summary
► DTF is in area with "MARUBUZZO", which infers "sellers dominant" bias".
► Pivot analysis infers TRADING RANGE bias.
► CPR is in "LOWER VALUE WIDE RANGE" relationship.
► Support levels 15696/15656
► Resistance levels 15793/15778.
Don't rush into taking trades. since, its trading range day. wait for extra confirmation.
Most of traders make money on...
Summary
► DTF is in area with "Bearish Hammer", which infers "sellers being dominant" bias".
► Pivot analysis infers TRENDING DAY bias and ADR is below 0.50 which suggests high probability of TREND DAY.
► CPR has "narrow range LV" relationship, which suggests breakout tomorrow.
► Support levels 2332/2319
► Resistance levels...
Summary
► DTF is in area with "Bearish Doji", which infers "sellers being dominant" bias".
► Pivot analysis infers sideways/breakout bias. But, ADR is pretty high hence, big whipsaws are possible, but one sided moves are of low probability.
► CPR is in "UNCHANGED VALUE" relationship, which suggests breakout or sideways tomorrow.
► Support levels 15735/15700
►...
Summary
► HTF is in uncharted area with "Inverse Hammer candle", which infers "highly negative" bias".
► I believe sellers are dominant, but expect support at 15830-15850. As I said last week, am bullish until 15730 is broken convincingly.
► Pivot analysis infers TRENDING DAY bias. This is the first time in months that I am seeing CPR is such a tight range i.e....
Summary
► HTF is in uncharted area with a Bullish candle, which infers "Positive" bias". If sellers can push market below 15760 then we may see sellers upper hand, else Bulls will take control.
► Pivot analysis infers TRENDING DAY bias.
► Support levels 15895/15858
► Resistance levels 15941.
► If market can hold off tomorrow and close above 15850, we may see...
Summary
► HTF is again is crucial demand zone. DTF has a "Hammer" candle, which infers "Positive" bias".
► Pivot analysis infers Trading Range DAY bias.
► ADR levels are below 0.50 hence, it infers trending day but, CPR width is not encouraging. So, be ready for double distribution day or mild trending day.
► Support levels 15793/15735
► Resistance levels...
Summary
► HTF is again is crucial demand zone. DTF has a "Inverse Hammer" candle, which infers "Negative" bias".
► Pivot analysis infers Trading Range DAY bias.
► Any upward movement is an opportunity to sell, provided it's in right levels.
► Support levels 15633/15605
► Resistance levels 15780/15745
► Demand zone will have lot of buyers, so don’t sell at first...
Summary
l HTF is again is supply zone. DTF has a "WRC" candle, which infers "Positive" BIAS".
l Pivot analysis infers TRADING RANGE DAY bias and due to overlapping wide range CPR.
l 15916 to 15885 is a resistance level and any weakness at this zone should be a selling opportunity.
l Support levels 15793/15735
l Resistance levels 15916/15879.
l Market is moving...
Summary
l HTF is again is bearish zone. DTF has a "Inverted Pin bar" candle, which infers "NEGATIVE" BIAS".
l Pivot analysis infers TRADING RANGE DAY bias and due to wide range CPR.
l 15916 to 15885 is a resistance level and any weakness at this zone should be a selling opportunity.
l Support levels 15793/15735
l Resistance levels 15916/15879.
l Market is...
Summary
l HTF is again is bearish zone. DTF has a "Bearish SRC" candle, which infers "NEGATIVE" BIAS".
l Pivot analysis infers MILD TRENDING DAY bias and due to narrow range CPR.
l 15696 is a resistance level and any weakness at this level should be a selling opportunity.
l Support levels 15673/15605
l Resistance levels 15735/15753.
l Market is moving in a very...
Summary
l HTF is again in a make or break zone. DTF has a "Bearish SRC" candle, which infers "NEGATIVE" BIAS".
l Pivot analysis infers MILD TRENDING DAY bias and due to narrow range CPR.
l 15793 is a resistance level and any weakness at this level should be a selling opportunity.
l Support levels 15735/15674
l Resistance levels 15723/15793.
l Market has been...
Summary
l HTF is again in a make or break zone. DTF has a "Bearish WRC" candle, which infers "NEGATIVE" BIAS".
l Pivot analysis infers TRADING RANGE bias and due to wide range CPR. But, since today was a silent day, I can still sense a chance of trend for at least part of a session if not more.
l 15901 is a critical level and any rise should be a selling...
Summary
l HTF is again in a make or break zone. DTF has a "Hammer" candle hence, probability of breakouts is high.
l 15901 is a critical level and if breakout fails again, we may see bearishness to test support again.
l 15439 is critical level and unless its breached in convincing manner my view will be bullish in medium term.
l Pivot analysis infers...
Summary
l HTF trend is bullish and any weakness is an opportunity to buy. Market I believe is soaking all supply hence, expect market to consolidate before moving upwards.
l DTF candle pattern is a bullish Doji. So, expecting a breakout above 15860 to finally see new highs.
l 15439 is critical level to breach in convincing manner for me to change view from...
Summary
HTF trend is bullish and any weakness is an opportunity to buy. Market I believe is soaking all supply hence, expect market to consolidate before moving upwards.
15469 is critical level and only if its breached in convincing manner, then my view will change from Bullish to Bearish in Medium term.
Pivot analysis infers SIDEWAYS bias But, since its...
Summary
l HTF trend is bullish and any weakness is an opportunity to buy. Market I believe is soaking all supply hence, expect market to consolidate before moving upwards.
l Pivot analysis infers neutral bias, so direction is difficult to judge. Hence, opening print will confirm direction.
l Support levels 15700/15660.
l Resistance levels 15900/15850.
l Wait till...
