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Pricevolumeanalysis

Good accumulation in SyngeneStock moving out of the base. The range of the base is mere 5 % , daily volumes were more than average daily volumes of the past month. The moving averages SMA of 200,100,50 & 20 are near to each other, which shows this can turnout to be strong base. An entry point near to all SMA reduces the probability of breaking the base. I've attached link of the chart below, as all 4 indicators cannot be used in free version trading view. drive.google.com To conclude stock might have moved in to strong hands referring to above 2 observations. SL to be kept at Rs 545, mere 8% Risk from CMP 592
NSE:SYNGENELong
by varadtambolkar
ICICI Bank might have completed its correction / FallAfter continuous selling pressure from 860 levels, ICICI bank has now lost the momentum on the downside. It is evident by failure to make a new low on daily basis and increased volume, even today it made a news high with volumes after 6 bars as marked by box. This shows the supply is being cornered, sellers are failing to make a new low. The higher high higher low structure on weekly is intact. Interesting is the RSI divergence on daily chart & trend line breakout on line charts. Below is the trend line breakdown on weekly charts. Important is to note that the large red breakdown bar is in the end stages of downtrend, looks a blow off bar with volumes. Simple logic is why market maker will sell aggressively at lower levels? he could have done that at higher levels only. Another point is that red bar is followed by indecision bar, hence the breakdown is followed by indecision zone and not follow up selling. To conclude the breakdown failure chances are high, resulting in bear trap. One can accumulate with 650-660 SL on weekly close basis. RR is favorable, current Risk is around 9-11% This can be good levels to accumulate for delivery purpose too Note: as there is continuous down trend, stock can take a breather and give sideways movement & then resume its up-move.
NSE:ICICIBANKLong
by varadtambolkar
Quess Corp moving in Narrow RangeQuess Corp is moving in narrow range. After drop in volume. Volumes are picking up week on week basis. Price is sideways in 980 & 840 Range. Basically Stock is in contraction phase, which will be followed by expansion phase in which breakouts occur. Drop in volume is a sign of big move. As the buyer n seller fight has settled & the price will move in the direction in which the price & volumes goes. Since the price is sideways there are other signals of a up-move Breakout of a Major Resistence/Neckline Healthy higher high & higher low structure Combining the volume & price movement. A breakout on upside is highly probable. On a weekly basis Keep SL at 775
NSE:QUESSLong
by varadtambolkar
30
Institutions are building up their positions in IDBI bankIDBI bank is gearing up for the large moves in coming few weeks. There was a large accumulation for about 2 years and gave a break out with good volume on 28 sep 2021. We can also see that prices are making higher highs and volume is 2 times more when compared with the volume from April 2021 to Sept 2021 that clearly depicts, we are in Trending zone. At present it is a good opportunity to enter trade with good RR ratio (1:2). Long term trade:- target Rs. 70 to 80 with Stop loss of Rs. 42 Short term trade :- target Rs.65 with stop loss of Rs.50
NSE:IDBI
by Varun_B
HAL a different accumulated patternIn Aug 2020 HAL started moving up with high volumes, within no time HAL Zoomed from 550 levels to 1300+ levels. Within next 2 months stock halved to around 650 levels. Interesting is the volume after the down move, these are abnormally high volumes. This is clear sign of accumulation by Market makers/ Institutional investors. As now one would distribute stock at such high volume compared to volumes since 2018 till Aug 2020. Even for distribution stock has not given huge returns as given by stocks before a normal distribution phase. There is multi fold rise in volumes since Aug 2020. Even after low of 650 after stock reached 1100 levels slowly instead of quick move and consolidated for since Feb 2021. Listing day high was crossed with huge volumes at the end of Aug 20 this was the indication that accumulation was complete. Breaking of previous life high marked will be the trigger for the next bull run All these observations conclude that stock has moved has moved in to strong hands & we can see a new bull run very soon. This is not a accumulation phase as per Wycoff method. But a based on observations above its clearly accumulation phase after Aug 2020 Now currently HAL is trading near previous life high. moving in Narrow range. This narrow range is small stop before next life high. This will be new higher high after breakout.
NSE:HALLong
by varadtambolkar
6
Man Infra - Breakout & Volatality contraction My analysis is based on the Monthly chart. The monthly chart is considered ideal for long term investors and gives a directional perspective of the stock price. The stock is forming a double bottom pattern. Typically, a double bottom is formed after a single rounding bottom pattern is formed and is often an early sign of a potential reversal. According to Investopedia "Rounding bottom patterns will typically occur at the end of an extended bearish trend. The double bottom formation constructed from two consecutive rounding bottoms can also infer that investors are following the security to capitalize on its last push lower toward a support level. A double bottom will typically indicate a bullish reversal which provides an opportunity for investors to obtain profits from a bullish rally. After a double bottom, common trading strategies include long positions that will profit from a rising security price." Volume expansion can also be clearly seen as the candles are coming close to ATH (All time high). The ATH was in year 2010 and the stock has broken with a strong body candle and volumes after eleven years. If the period from January 2018 to July 2021 is observed carefully, there is volume contraction- this is a good sign. Relative Strength against CNX Infra index is outperforming since April 2021. This is another positive. Data from Screener.in shows that promoter has been increasing shareholding since September 2018 -from 63.13% to 66.10% in June 2021. Promoter buying is again considered a positive move. Entry strategy - now that the longer timeframe looks positive, we should move to the lower timeframe to get an entry. Here I will move to the Weekly timeframe and follow the Stan Weinstein framework. The stock has to be above the 30 Weekly MA, volume expansion must be clearly seen, range and body of weekly closing candle must be strong. Stock must be in HH HL structure. The stock fulfils the Stan Weinstein framework. If stock retraces and takes support within the 75-81 zone, that would be a good entry point to add from risk reward standpoint. Ensure volume does NOT expand when stock retraces. If you move to the Weekly timeframe, between the candles of 19 July 2021 to 30 August 2021 you will see a high tight flag (HTF) formation. The stock had run up approx. 86% between 19 April to 19 July 2021. HTF is a very rare pattern and forms in bull cycles and according to William O'Neil, HTF begins with a stock moving 100% to 120% in a very short time, usually four to eight weeks. It then corrects sideways no more than 10% to 25% usually in three to five weeks. It may not be HTF strictly by William O'Neil's definition, but the flag can be seen very clearly. Risk management is key in both investment or trading. If we see the current market cycle, NIFTY50 is forming newer highs. The rise has been unprecedented. This is fuelled by supply of money in the markets. What if in the near future money supply is chocked by tapering by FED or hawkish stance by MPC of RBI? In that case we will see a retracement even if the broader economy is doing well, structurally speaking. No one knows the future and hence a safer approach is to invest using a pyramid model i.e. take an entry when stock is just above the 50 Day MA with volumes above average and scale up. This could be an equal split, for example, 34-33-33 or 50-25-25. There is no hard and fast rule. There is a possibility that stock may shoot up after the first tranche and not give another opportunity to enter at retracement, but what is market turns against us? In that case our loss will be limited to the first tranche only. Disclaimer: I am not a registered investment advisor or analyst. This is not a recommendation to buy or sell. The purpose is to share with peer community and learn from the experts. For any investment or trading calls, please consult your authorised investment advisor.
NSE:MANINFRAEducation
by culturalDealer79974
ICICI Bank moving in a RISING WEDGEStock moving in rising wedge. Recently touched the upper trend line third time. Candles also showing exhaustion at resistance. check image below. Check the candles after the recent quarter results were announced, Big high volume green bar. It is followed by big red bars with volumes. Check number of red bars is more than green bars. Red candles are of bigger size with volumes. Combing all observations 3rd touch, Exhaustion, Big red candles. we can conclude that there is clear profit booking. Even Moving averages are stretched. In such cases upside is capped and short trades give better RR Ratio. Breakout trades fail in such cases. This does not imply downside will just like March 2020. Plant of Action One can short with SL at 725 For targets of 635-640 immediate. And further downside till 550-565 can be expected. ( Purple zone )
NSE:ICICIBANKShort
by varadtambolkar