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POC

BTC ready for continuation of UP move with a reward ratio of 5RSI Profile shows a positive trend for BTCUSD and and risk reward ration is above 5. Also a Bullish triangle pattern seems to reach near complete on BTC Chart. Price is above RSI Point of Control, hence a small SL below POC and target is near the Value area High. Entry near 105600 Target near 108940 Sl near 104995 RR : 5.16 PS : Above is only for Educational purpose and does not constitute any financial advice. Do your Own Research.
BITSTAMP:BTCUSDLong
by gauravrakhecha
3
$ETH BULLS HAVE ENTERED ALREADY?From the chart we can say the bulls have entered around the green zone and trying their hard to push through the above red zone and and after every FUD the bulls just don't give up. What I see here is bulls would soon overpower the bears around the red zone and give a crazy upside spike clearing all shorts above. Now the question is how soon would that happen ?? Maybe a day or maybe a week or month. Sooner or later this would be cleared :). View is negated once closed below the green zone and broken the low of that candle. Rest you guys are smart enough to plan a trade and minimize your risk and enjoy the gains / learn with losses. DISCLAIMER : VIEWS ARE PURELY EDUCATIONAL AND NOT AN INVESTMENT ADVICE IN ANY SENSE. PLEASE CHECK WITH YOUR FINANCIAL ADVISOR BEFORE FOLLOWING MY IDEAS BLINDLY
Long
by YoungFinance_in
2
Edelweiss Swing Trade (1:2)There's some interesting price action happening in Edelweiss Fin After a strong base formation it gave a Breakout with good volumes expansion. It retested thrice on the same support of 51 giving the stock a strong bounce every time. After it broke out it halted and started going for a pullback and that too with dull and weak sellers' interest and this low volume pullback suggests a good retest and if you are having a low risk appetite then prefer going in after it shows a sign of reversal like a hammer to make sure it respects the support zone around 65 and if it somehow goes below. I have kept a logical stop loss below 59-60 where lies another resistance turned support! Below it the structure fails and an exit should be made. Position size according to risk appetite and use strict exit rules, I would prefer a close below 58 to trigger my SL as a wick is frustrating but at that time will update here in comments if the price approaches that zone. If we talk about targets we have the next resistance 20% from here I.E. at 77. so we get 1:2 if it hits our target. To add more conviction I have added the volume POC that suggests the highest traded zone and it lies around the second support zone of 60.5. Another strategy can also be used to scale is by adding half @ CMP & half @ 60.5 THIS IS NOT A FINANCIAL ADVISE & KINDLY DO YOUR OWN ANALYSIS/RESEARCH.. Thanks for reading!
NSE:EDELWEISSLong
by UnknownUnicorn21160479
Nifty looks bullish on daily and weekly timeframeSgx has given close near 17500, which is ~ 170 points above Friday nifty closing. On Nifty, 17300 reason was Point of control region, where majority of price action happened during this correction phase. Now it has crossed that resistance, next resistance is at 17600-17650 level, where downward channel target will be achieved. If it holds above it, it will unfold the level of 18000-18100 level, which is very unlikely to happen in current scenario. Supports levels are17300 and 17000.
NSE:NIFTY1!
by OK_Rane
Using POC (Point of Control) for Entry & StoplossExcellent Example of POC at work. - Huge Accumulation Happened on JSL between 8th & 22nd July. - Price remained Sideways and started dropping. - Price took support exactly at the Point of Control (POC) of Huge Accumulation days and retraced back up. What is POC? It is a Point of Control. It tells us the average price at which maximum volume activity happened at a certain time period. In the given example, it tells us the average price of the stock which was bought in Huge Quantities. The psychology behind this? Generally, if a huge buying has happened in stock, and the stock comes down at that price range of POC, the big hands probably will again initiate buying at the same price. It could provide us a great entry/support point.
NSE:JSLEducation
by AmanSaraf
1