Tci stock bullish from support TRG 800Tci stock has Taken good support from trend line .
Stock has high probability of Given ROI of 15-18 %
Price-action-trading
Triangle Pattern Breakout - NMDCTriangle Pattern Breakout - NMDC
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
HINDUNILVR breaks after a long time [one year] HINDUNILVR breaks after a long time . Chart speaks for itself.
Rune Coin Pure Price Action WorksIn Rune coin falling wedge pattern break in daily time frame and successful achieved target.
Escorts break outBased on the below analysis seems to be upmove
Camarila R4 breakout
Channel breakout
Moving average above 20 50 100
Volume up
PENNANT-BREAKOUT-UPTREND-PRICE-ACTION-VOLUME-PROFILEDisclaimer-:
1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED.
2. Do ask your questions in the comments if any.
Volume Profile-:
Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price.
2. If the current volume is low, its mostly a pause before the trend resumes
3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case
POC-: The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place.
IMPORTANT OBSERVATIONS-:
1. Stock formed a big triangular pattern, gave breakout and then rallied.
2. Recent it formed a flag-pennant-like pattern i:e a brief pause.
3. That can be confirmed by the volume in that region. Mark the low volume as compared to the high volume when it started rising.This confirms that the current pennant pattern was just a pause. And thus when breakout happens the uptrend will resume.
TARGET WITH LOGIC-:
Since its a brief pause. and within that pause buying ( green,blue) volume is more than selling (red )volume. There is a high chance the current expected up-move should be kind of equivalent to previous move (could be more too).
So a Fib Extension 100% target seems feasible.
ENTRY-:
Entry at CMP since it has just given a breakout out of the small triangular pattern with trend-lines tested at least 3 times gives us a nice conviction.
STOP_LOSS
1450 and 1165 are good support levels. But since 1450 is too close to CMP , it will be a narrow stop-loss. Thus a conservative stop-loss is better for a swing trade in 1W.
So 1165 could be a good spot.
Its necessary to trail stop-loss as per your strategy. You may use Moving Average with ATR(14) as buffer.
EXIT
Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals.
1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low)
2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal.
3. If the trailing stop-loss is hit, please exit
**IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :)
**I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC.
TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT.
**YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES
**ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
WEDGE-BREAKOUT-UPTREND-PRICE-ACTION-VOLUME-PROFILEDisclaimer-:
1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED.
2. Do ask your questions in the comments if any.
Volume Profile-:
In volume profile we can compare the levels of volume at different price levels historically and current price levels to try to find the strength of current move and strength of the resistance it might face.
If the up-move (currently) and its previous accumulation's volume is very high compared to the volume of its historical resistance level it means we have more strength in up-move and weak resistances can be crossed.
IMPORTANT OBSERVATIONS-:
1. Stock was declining for a while.
2. Gave a nice falling wedge or triangular pattern breakout and started rising.
3. Recently accumulated over a range and then gave a breakout.
4. Has retraced a little with low volume and thus has given us an opportunity to enter with confirmation.
5. The volume of the accumulation level is too high compared to the volume at its all time high, which shows its a weak resistance level and there is a high chance it will be broken.
TARGET WITH LOGIC:
Since all-time-high has a weak resistance we might make a target farther than the all time high.
Since the up-move is strong and accumulation has nice volume. So a Fib Extension target of 168% makes sense since , since the rally started the recent accumulation has more volume than ever before so the current expected up-move should be more than the previous rally. So 168%
MY APOLOGIES-:
Of course the best entry would have been after breakout of the wedge pattern with confirmation but I had not come across the stock at that time due to my negligence.
(See my other recent posts, some of them have recently given wedge breakout with good opportunities)
ENTRY and STOP-LOSS
Entry at CMP above 90 level with a conservative stop-loss at the support of accumulation which is at 65 would be better than an aggressive stop-loss.
Enter only if next time the entry price gives a reasonable RR ratio as per your strategy.
Keep trailing stop-loss. One of the ways is to use Moving Average with Average True Range(14) (ATR) as buffer.
EXIT
IF there is bearishness near the all time high, a trailed stop-loss should be at place and obeyed.
Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep trailing stop-loss. Following can be used as exit signals or bearishness signals.
1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low)
2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal.
3. If the trailing stop-loss is hit, please exit
**IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :)
**I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS ETC.
TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT.
**YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES
**ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
#banknifty view for 30th July'21#banknifty view for 30th July'21
What I said yesterday:="Selling pressure will intensify below 34,373 and lower targets goes till 33,823 to 33,671
Buying will only come above 34,956 and will post fresh view if the closure is above 34,956"
BankNifty is still weak, there is no sign of strength till the time we trade below the gap.
Short Term Analysis is still bearish:-
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG.
TRIANGULAR-BREAKOUT-UPTREND-PRICE-ACTION-VOLUME-PROFILEDisclaimer-:
1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED.
2. Do ask your questions in the comments if any.
Volume Profile-:
Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price.
2. If the current volume is low, its mostly a pause before the trend resumes
3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case
OBSERVATIONS-:
1. Triangular Breakout and then resistance at 1024 level.
2. But the recent volume is comparable to the historical volume that accumulated before the long rally happened.
3. So the current could be a consolidation->breakout=long position.
ENTRY-:
Confirmatory breakout above 1024 level.
TARGET-:
Since the expected rally could be as big as previous one since the accumulation is highest in the current region so we aim for at least 100% Fib Ext Level- 1450
STOP-LOSS
865 is the best recent support level tested multiple times. So stop-loss somewhere around that level.
EXIT
Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals.
1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low)
2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal.
3. If the trailing stop-loss is hit, please exit
**IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :)
**I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC.
TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT.
**YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES
**ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
NSE:KAJARIACER
ACCUMULATION-TRIANGULAR-BREAKOUT-VOLUME-PROFILEDisclaimer-:
1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED.
2. Do ask your questions in the comments if any.
Volume Profile-:
Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price.
2. If the current volume is low, its mostly a pause before the trend resumes
3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case
POC-: The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place.
OBSERVATIONS-:
1. Triangular Breakout and then resistance at 884 level.
2. But the recent volume is comparable to the historical volume that accumulated before the long rally happened. This time its highest.
3. I would bet another round of accumulation is happening. So breakout above 884 level will confirm the accumulation and long position can be taken
ENTRY-:
Confirmatory breakout above 884 level.
TARGET-:
Since the expected rally could be as big as previous one since the accumulation is highest in the current region so we aim for at least 100% Fib Ext Level- 1270.
STOP-LOSS
784 was a short-term resistance level. So somewhere below 784 would be a good stop-loss. Keep trailing stop-loss
EXIT
Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals.
1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low)
2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal.
3. If the trailing stop-loss is hit, please exit
**IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :)
**I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC.
TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT.
**YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES
**ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
NSE:ADANIPORTS
EICHERMOT - Short Opp @ 2588.95 - 2-10 day targetNice 4.5 RR opportunity (i.e. 3.88% profit) potential
Glen Pharma - Long Opportunity - Few Days TargetLong opportunity on Glenmark Pharma. Good 4.8 RR possible.
NIFTY 50NSE:NIFTY
Nifty looks bullish above 15339 but may show some retracement at 15400.
Happy Trading !
INDUSIND open = low, might fall further up to 570Indusind formed triangle downwards, RSI pointing down from 60, MACD bearish, There would be good movement downwards up to 570, but we can wait for open=today's low/crossing today's low for entry.
