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Support-Resistance, Volume, Fibonacci, EMA & Breakout Case studyCase study of DISHTV for Educational Purpose.
This stock was facing resistance at particular level since last 2 years,
and also got consolidation in parallel channel from last 1 year,
now Stock making higher highs and higher lows ( Up Trend )
each and every time when price was correcting, the Volume was decreasing, which can makes conviction towards positive.
co-incidentally top of parallel channel and 2 years resistance level both are at same level,
finally it has given good breakout from that level, along with good intensity of volume,
and also price moved up more than 40% from that breakout level,
and now again it has corrected towards that same level in decreased volume.
Fibonacci Retracement level is 61.8 % from recent rally, which is healthy retracement to go long.
Now after Breakout that same Resistance became Support area, and has been retested too.
Co-incidentally weekly 100 ema and 20 sma are also at that same levels, and daily 50 dema and 100 dema are also at same levels,
Which makes supporting conviction more and more powerful to go long in this stock with stop loss of recent swing low
Stock making higher highs and higher lows ( Up Trend )
each and every time when price was correcting, the Volume was decreasing
Supports Combination
1 year consolidation in parallel channel
Breakout with good intensity of volume from 2 years resistance zone
Fibonacci Retracement level is 61.8 % from recent rally,
which is healthy retracement to go long
Daily macd positive crossover done
Weekly RSI uptick near 60
Weekly stochastic positive crossover
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
TCS Intraday Trading Set up 1 - S&R + EMAs15 MINS 100 EMA @ 3530
SELL IF THE ZONE IS broken with selling volume .
If 3575 is broken with volume , we will see more upside.
The Indicator Used:
1) Support/Resistance Levels are marked on the charts
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Intraday set up 1 - Maruti EMAs + S/R + Trendline breakdown?60 MINS 200 EMA @ 7460
SELL IF THE ZONE IS broken with selling volume.
If 7545 is broken with volume, we will see more upside.
The Indicator Used:
1) Support/Resistance Levels are marked on the charts
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Multiple Support: Trendline Support + Fib Level +EMAThe stock corrected 20% from ATH and price at key level (weekly time frame):
- EMA 50 : in past stock has reversed multiple time FROM MOVERAGE AVERAGE and currently at same level.
- Fib .0618 : will be key level, if support break then expect a 10-15% further correction.
- Trendline Support : Upward trending stock, in past we have seen the reversal from base support.
The fundamental very good stock and accumulate at every dip.
Thanks
GRASIM, Flag + Fibonacci + Ema - Winning cominationGrasim has given a strong breakout from recent consolidation (Flag) today. Although volumne could have been better but other factors can't be ignored.
Grasim has followed Fibonnaci beautifully & bounced from 50% retracement level.
It can see 1832-35 as target which co-incides with 1.6 extension level.
Time & again, it has bounced from EMA 21 and moved well.
It can move above 1800 tomorrow.
Thanks
Piyush Gupta
Learn & Earn
INFY has closed below 200 EMA , go short if it Infosys has closed below 200 EMA of 15 min time frame, the purple line is moderate demand zone , you can go short for a intraday trade if it breaks the zone. Check IT sector in the morning to add a little more confirmation to your trade. It will go down after breaking the zone , as it tries to fill the gap from 1720 to 1740. Place a proper stop-loss .
200-EMA probes EURUSD bullish consolidationAlthough Breakout-Pullback-Continuation (BPC) formation backs EURUSD bulls inside an eight-day-old rising channel, 200-EMA probes the upside momentum of late. Hence, a clear break of the stated moving average hurdle, near 1.1665 by the press time, becomes necessary to defy the sellers’ hopes. Even so, the upper line of the stated channel, near 1.1700 will be a tough nut to crack for the pair buyers ahead of targeting late September’s swing high near 1.1755.
Meanwhile, a convergence of the nearby channel and previous resistance line from September 03, near 1.1605, becomes the short-term key support for EURUSD sellers to watch during the pair’s further weakness. Should the quote drops below the 1.1605 level, also conquer the 1.1600 threshold, odds of witnessing 1.1560 and the yearly low of 1.1523 on the chart can’t be ruled out.
Darvas Box + Multiyear Resistance + EMAIdea : The chart is self explanatory but broadly based on idea of "Darvas Box consolidation (+) multiyear resistance level"
Analysis : Support at EMA 21 , RSI breakout , Darvas Box Consolidation, Cup & Handle and favourable risk & reward
Advice : Wait for volume surge and go long at breakout level with stop loss
Festival Theme [1:4]: Ascending Triangle + RSI + EMA + Fib LevelThe stock is down by 20% from ATH, set up look favourable with R:R 1:4
Point consider in analysis:
a. Ascending Triangle
b. RSI
c. EMA
d. Fib level
The entry, exit and stop loss mentioned in chart itself.
Disclaimer : Consult financial advisor