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Nifty: Price Action Macd Strategy: RevisitedFree stuff -- something which we ignore in haste. Unfortunately, whatever education I have been doling out is absolutely free. So please bear with me. Rules: ------- Only Long trades when price > 55 EMA Only short trades when price < 55 EMA ------------------------------------------------------------------------------------------------------------------------------- Time Frame 1H ------------------------------------------------------------------------------------------------------------------------------- Long Entry Preconditions: a) Price above 55 EMA b) MACD histogram above zero line --Positive Divergence seen on MACD signal line (a complementary condition for High probability Entries) Long Entry Trigger: Price break above Significant peak fractal of previous downwave OR the break above prior peak fractal high. Exit Strategy or Stop: Type 1 Exit Precondition: Negative Divergence seen on MACD signal line; and Trigger: Break below a consolidation level or the prior minor swing low Type 2 Exit Hourly close below 55 EMA Exit type I or type II whichever comes earlier ----------------------------------------------------------------------------------------------------------------------------- Short Entry Preconditions: a) Price below 55 EMA b) MACD histogram below zero line --Negative Divergence seen on MACD signal line (a complementary condition for High probability Entries) Short Entry Trigger: Price break below Significant fractal of previous upwave OR the break below prior swing fractal low. Exit Strategy or Stop: Type 1 Exit Precondition: Positive Divergence seen on MACD signal line; and Trigger: Break above a consolidation level or the prior minor swing high Type 2 Exit Hourly close above 55 EMA Exit type I or type II whichever comes earlier ------------------------------------------------------------------------------------------------------------------------------------ # If trade exited but price shoots back piercing out of 55 EMA or is already above/below 55 EMA , a break of previous peak fractal with MACD histogram above/below zero line triggers entry again. # Exit Strategy discussed above works well in long trades but chops in short trades. Tweaking a little by taking 1:1 or smaller targets (to previous support zones) instead of the Exit strategy may help in this issue. Backtesting 10/2017 to 2/2018: -------------------------------------- 9896/10413 = +517 *10331/10255 = +76 *10254/10130 = +124 10344/10355 = +11 *10211/10130 = +81 *10095/10148 = -53 10323/10210 = -113 *10210/10255 = -45 10374/10469 = +95 *10409/10504 = -95 10504/11009 = +505 *10878/10781 = +97 *10511/10411 = +100 *10379/10330 = +49 10475/10478 = +3 Profit points = +1352 What I have noticed is that this strategy works very well in a trending market. It help to ride the trend to this full potential. On short trades, we have to take profits at previous supports or else it will chop the profits. May be this is because we have been in a bull market. I sideways market there are hits and misses. I will try to further fine tune but keep in mind that no strategy works all the time, as visible from backtesting results. Do hit the like button for appreciation. Regards Bravetotrade
NSE:NIFTY
by Bravetotrade
4
Turning Bullish: OIL India Ltd. OIL India Ltd. has been in a downtrend since it attained the peak level of 763 in Sept 2024. It has strong support around 414 levels. 488 level is acting as the strong resistance. 20 EMA (Black Line) is trading just below 50 EMA (Orange Line) and 100 EMA line (Sky Blue line). In the weekly closing, if the 20 EMA crosses above 50 EMA and 50 EMA crosses above 100 EMA we can confirm the bullish trend and take long positions. Resistance levels: 488, 542, 588, 643, 763 Support levels: 414, 361
NSE:OILLong
by shanmurali
Turning Bullish: Devyani International Ltd.Devyani International Ltd. has been in consolidation for more than two months. A couple of days ago, it gave a positive breakout with good volume. The downside risk is limited, and the upside potential is huge. 20 EMA (Black Line) is trading just below 50 EMA (Orange Line) and 100 EMA line (Sky Blue line). In the weekly closing, if the 20 EMA crosses above 50 EMA and 50 EMA crosses above 100 EMA we can confirm the bullish trend and take long positions. Resistance levels: 180, 194, 223 Support levels: 161, 145
NSE:DEVYANILong
by shanmurali
Banknifty prediction for tomorrow 14 AugAs Banknifty is showing a huge sell-off today, the market is in bearish sentiments, followed by the Heisenberg report on the SEBI chairperson. If we look at the chart now: The market is trading at the 4H-TF support trendline zone(Marked in Green) and 200 EMA (4H-TF). price is trading below the ema(13, 50, 200) shows market is in bearish phase. The market might take support here, or if it breaks down to the downside, it's going to take support at 49000 next, as can also be confirmed with OI data. Support levels : 49683, 200 EMA (4H-TF) Resistance levels : 50 EMA, 200 EMA If we look at the OI data: PCR = 0.55 shows bearish market behavior. There has been a huge PE sell-off today, which shows bulls are not trusting the market anymore and come out. There is too much CE writing at higher levels than PE writing at lower levels, which shows a high chance of a bearish market in the upcoming session. I am expecting the market to follow 3 cases which are marked on the chart. Case 1 : if it opens the gap down, it might touch the trendline and take support 49000. Case 2 : if the market opens a gap-up, it will take resistance at 50 EMA, and then it might continue the bearish momentum. Case 3: If it opens sideways, wait for the price action at the green trendline zone. Reason: RSI < 40, showing the market is going to be in a bearish structure. Price trading at 200 EMA (4H-TF), which might provide good support. PCR = 0.55 shows that the market is huge Bearish. Price < VWAP shows a Bearish market structure. Verdict : Bearish or sideways Plan of action: See the price action at the green trendline zone. There have been marked three cases.
NSE:BANKNIFTYShort
by finnova_
IGL - long for 15 %fundamentals - decent valuation at current price on higher time frame - price is at confluence of 200,50,18 week EMA - price forming symmetrical triangle on daily time frame, price is at confleunce of 200 ,18,50 day EMA while 18>50>200 day EMA (bullish indication ) price taking support twice at 200 day EMA is a positive sign inside bar formation above 200 and 50 day EMA (18 day EMA is still acting as resistance ).18 day EMA has to be crossed up with good volume fro a rapid upmove overall bullsih ( 7.5/10) target and sl given
NSE:IGLLong
by FrankzMD
GameStop Price Tumbles After A Sharp Gain: Can Bulls Make a ComeGameStop Price Tumbles After A Sharp Gain: Can Bulls Make a Comeback? GameStop crypto price Surged over 170% in the last couple of sessions, however lost over 50% of the gains by the session end, yesterday. At the time of writing, the GME crypto was exchanging hands close to $0.0153, trying to stabilize near 20 day EMA on a 4 hour chart. GameStop price witnessed a sharp U turn in its price trajectory yesterday after an explosive bull run in the last couple of sessions. The Solana based meme token saw a steep decline of nearly 54% from its high the previous day, aligning closely with the 20-day Exponential Moving Average (EMA). Earlier, in the last couple of sessions the price made an impressive rally of over 170% after taking a rebound from the 20 day Exponential moving average on a 4-hour chart. The crypto price surged from $0.011 to a new record high of $0.032. Despite the recent volatility and the classic pump-and-dump in GME price, the overall trend remains optimistic. The token's price is still significantly higher for the week, indicating a continued bullish sentiment among investors. Volume Inflow Rises, Despite A Profit Booking The meme token GME, operating on the Solana blockchain, experienced a value surge of nearly 100% within a single day. At press time it was down 54% from its ATH which was recorded in yesterday's session. Despite this sharp decrease, its current price remains over three times higher than at the start of the week. Despite witnessing a price drop the Volume inflow has been on the rise as per the coinmarketcap.com. The volume inflow has surged by 22.70% as compared to the previous session and was at $516.381. It has a live market capitalization of $106.15 Million and ranks at 455th in the overall crypto market. The number of tokens in the circulating supply is 6.88 Billion which is also the total supply. Can Bulls Make A Comeback Again? Despite falling half the way from All time highs, the GME crypto price has not invalidated the dynamic support of 50 day EMA and was trying to stabilize above it on a 4-hour chart. It indicates the bulls' presence near the 50 day EMA. The RSI line retreated from the oversold zone. Also, the both the RSI and SMA line lies above the men line indicating the price still hovers in a bullish territory. At the time of writing, the RSI line was at 50.5 points and that of the SMA line was at 61.18 points. Now if the price resumes on the higher side after a consolidation, it may indicate a bullish continuation and the price may surge higher. whereas, if the price breaks below the 50 day EMA on a 4-hour chart, it may indicate a bearish reversal. Conclusion. GameStop, a Solana-based meme token GME experienced a significant rally, surging over 170% in the last couple of sessions. However, it experienced a sharp 54% drop from its peak and was hovering near the 20-day EMA on a 4-hour chart. Despite All these ups and downs, the week's overall trend is bullish, with volume inflow up by 22.70% and a market cap of $106.15 million. The intraday price was maintained above the 50-day EMA, suggesting bullish support. Moreover, the RSI and SMA are above the mean line, indicating the price in a bullish territory. Now, If GME crypto price rises post-consolidation, it could signal a bullish continuation, while a drop below the 50-day EMA might suggest a bearish reversal. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
GLong
by Ritika_TCR
HHH999To create a trading strategy using Supertrend, Relative Strength Index (RSI), and the 200 Exponential Moving Average (EMA), you can combine these indicators to make more informed trading decisions. Here's a basic strategy outline: 1. **Supertrend**: Use the Supertrend indicator to determine the trend direction. When the Supertrend line is green, it indicates an uptrend, and when it's red, it indicates a downtrend. 2. **RSI**: The RSI can help confirm potential trend reversals. When the RSI is below 30, it suggests that the asset may be oversold and could potentially reverse upward. When the RSI is above 70, it suggests that the asset may be overbought and could potentially reverse downward. 3. **200 EMA**: The 200 EMA can act as a long-term trend indicator. When the price is above the 200 EMA, it indicates a bullish trend, and when the price is below the 200 EMA, it indicates a bearish trend. Here's a basic strategy using these indicators: - **Entry**: - Buy when the Supertrend is green (indicating an uptrend), the RSI is above 50 (confirming strength), and the price is above the 200 EMA (confirming long-term bullish trend). - Sell/Short when the Supertrend is red (indicating a downtrend), the RSI is below 50 (confirming weakness), and the price is below the 200 EMA (confirming long-term bearish trend). - **Exit**: - Exit long positions when the Supertrend turns red or the RSI crosses below 50. - Exit short positions when the Supertrend turns green or the RSI crosses above 50. This is a basic strategy outline, and you may need to adjust parameters and rules based on the specific assets and market conditions you're trading. It's always a good idea to backtest your strategy on historical data before trading live.
NSE:NIFTY1!
by hpiehp
1
Dogecoin Price Crossed Demand Zone, Is It About To Get Wings The Dogecoin Price retraced the 20 day EMA and jumped higher indicating strength in the crypto. The DOGE crypto is extending the gains on the third consecutive day and was up 4.26% at the time of writing. The Dogecoin price has been trading well in the last couple of sessions and has added nearly 17% to its value in the last past three sessions. The price retraced the 20 day EMA and surged higher indicating strength in the trend. The bears tried to get into the game after the DOGE price attained a new swing high. However, the bulls made a comeback near the dynamic support of 20 day EMA and previous breakout zone and the selling momentum faded away. The bulls are in control of the trend and the crypto has been headed towards north forming higher highs and higher lows. The 20 and 50 day EMAs are acting as a dynamic support. The daily chart showcases that Dogecoin has resumed its way on the higher side after a short term correction in February. The short term trend outlook is bullish at the moment and the crypto may continue to conquer higher levels. Dogecoin Crypto Volume Analysis The volume analysis shows that DOGE received nearly 2.17 Billion USD In volume in the past 24 hours which is nearly 5.54% higher than the previous day. The volume has been on the rise for the last few sessions along with the rise in the price. The volume to market cap ratio is 7.36% suggesting mild volatility in the crypto. It has a live market capitalization of 29.62 Billion USD. it has 143.79 Billion DOGE tokens in the circulating supply which is also the total supply. Dogecoin Crypto: Social Volume Shows A Positive Trajectory. The social volume reveals the number of social media users engaged in the transactions of Dogecoin. The social volume chart highlights that a growth of nearly 60% in the number of users was observed in February. The total number of social users participating peaked in the 1st week of April and dropped nearly 25%. Recently, the number of users again started to increase indicating a positive value for the crypto. The social dominance value of Dogecoin stands at 1.95% at the moment with an increase of nearly 0.5% in the last one week. Technical Indicators Imply A Positive Outlook. From a technical point of view, the DOGE crypto retraced the 20 day EMA and surged higher indicating strength in the trend. The crypto hovers higher than all the key EMAs of 20, 50 and 200 day EMA suggesting a positive trend prevailing in the short term as well as long term. At the time of writing, the RSI line was placed close to 60.28 points and that of the SMA line was at 59.88 points. Both the RSI and SMA line were placed above the mean line indicating a positive outlook in the short term. Dogecoin Price Forecast 2024 On the most optimistic note, Dogecoin Price could gain to a high of $0.260 as the highest value in April if the bulls are able to surpass the recent swing high of $0.227. On the other hand, the most pessimistic prediction of our analysts is for the price to reach $0.122 if it breaks below the recent support level of $0.175. Conclusion. The Dogecoin Price is extending the gains on the third consecutive sessions and has jumped nearly 4.26% in intraday to currently trade at $0.205. The price took a rebound from the 20 day Exponential moving average and surged higher indicating strength in the trend. The short term as well as the long term trend outlook is positive due to which the crypto may resume its way towards the higher levels. The bulls have regained control after a short term correction in February and are intending to conquer higher levels. Technical levels: Support levels: $0.175 and $0.172 Resistance levels: $0.227 and $0.260 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
CRYPTO:DOGEUSDLong
by Ritika_TCR
NIFTY Prediction for tomorrow 5th MarAs we discussed yesterday, NIFTY has been taking resistance at the resistance trendline and resulted sideways. If we look at the chart now: The market is trading at the Resistance trendline. The market has been in a range bound in (22350-22470). Also price >> EMA(200) (TF = 30 min) and EMA(13) >> EMA(200). This indicates that the market needs some correction or consolidation at this point. If we look at the OI data: PCR = 1.26 indicates the bullish nature of the market. There has been huge activity at 22400. NIFTY has equally distributed PE and CE writing on both sides. But at lower levels, the market has huge support at 22200 and 22000. I am expecting 2 cases in the market, which have been marked in the chart. Case 1: Support is at 22370, and resistance is at trendline. Case 2: retracement till fib 0.38 level. (22220) Reasons: Price > EMAs show bullish sentiments. (Bullish) Price >> EMA(200) and EMA(13) >> EMA(200) market might get some correction till 22200. RSI ~ 63 (falling) shows weakness in bulls. PCR = 1.25 shows bullish signal whereas combined week expiry shows PCR = 0.90 weekness in bulls for upcoming week. (sideways) Price <= VWAP shows that the market price is balanced and can go either side. (Indecisive) Verdict: Sideways or Bullish Plan of action: Case 1: Iron condor in range 22300-22450. Case 2 : Sell 22450 CE (Hedge is with 20 rs CE)
NSE:NIFTY
by finnova_
NIFTY prediction for tomorrow 4th MARAs we discussed NIFTY's bullish behavior in our last analysis, the Market (NIFTY) moved up 280 points. If we look at the chart data: The Market is trading at the resistance trendline zone. Also price >> EMA(200) (TF = 30 min) and EMA(13) >> EMA(200). This indicates that the Market needs some correction or consolidation at this point. Also, the Market is in an uptrend channel, which has formed a Higher High(HH). There is a possibility to form a higher low now. If we look at OI Data: PCR = 1.28, which shows the Market has bullish sentiments. There has been a huge PE writing at 22400. But if we look at the combined PCR = 0.99, it shows that the Market is likely to come down for some correction to form a Higher Low. FII & DII data: FII is medium bearish because the Market is trading at the resistance trendline. Clients are bullish because the Market is trading at ATH. I am expecting the Market to get some correction, at least till the level of 22200 (Fib 0.38 levels). Reasons: Price > EMAs show bullish sentiments. (Bullish) Price >> EMA(200) and EMA(13) >> EMA(200) market might get some correction till 22200. RSI ~ 75 needs some consolidation at this level. (sideways) PCR = 1.28 shows bullish signal whereas combined week expiry shows PCR = 0.99 weekness in bulls for upcoming week. (sideways) Price <= VWAP shows that the market price is balanced and can go either side. (Indecisive) Verdict: Sideways or Bullish Plan of Action: Case 1 : Iron condor in range 22300-22450. Case 2 : Sell 22450 CE (Hedge is with 20 rs CE)
NSE:NIFTY
by finnova_
2
Data Patterns: Potential Profits of More then 30%Trade Report: Unleashing Potential - Data Patterns Soar on Technical Breakout Introduction: Data Patterns, a stock under scrutiny, has recently exhibited compelling technical signals, igniting excitement among traders. The stock has not only broken out of a wedge pattern on the upper side but has also witnessed a simultaneous breakout of both the 50 and 100-day Exponential Moving Averages (EMA) on today's trading session. Disclaimer: This analysis serves for education, not as advice. Trading involves risks, so tread cautiously and make informed decisions. Best of luck in your trading endeavors! Technical Analysis: Wedge Breakout: Data Patterns has successfully breached a technically significant wedge pattern on the upper side, indicating a potential bullish momentum in the stock. EMA Breakouts: The breakout of both the 50 and 100-day EMAs signals a strong upward trend. This reinforces the bullish sentiment and suggests the potential for sustained positive price action. Above Major EMAs: Notably, the stock is currently trading above all major EMAs, including the 13, 20, 50, 100, and 200-day EMAs, affirming a robust bullish trend. Trade Entry and Retest Opportunity: Traders have two strategic options for entry: Immediate Entry: Take a position now at the current price of 1979, riding the momentum of the recent breakout. Retest Entry: Alternatively, patient traders may wait for a retest of the breakout level near 1890 before entering the trade, ensuring a more conservative approach. Risk Management: Stop Loss: Place a stop-loss order at the 200-day EMA , approximately at 1790, to mitigate potential downside risks. Upside Targets: Anticipated upside targets for Data Patterns: 1-2100 2-2300 3-2500 Conclusion: Data Patterns exhibits strong technical signals, suggesting a potential bullish trend. Traders can choose between an immediate entry or a more conservative retest entry strategy. Risk management is crucial, with a recommended stop loss at the 200-day EMA. Upside targets provide a roadmap for potential profits. Disclaimer: This analysis serves for education, not as advice. Trading involves risks, so tread cautiously and make informed decisions. Best of luck in your trading endeavors!
NSE:DATAPATTNSLong
by ZoneFlow
VEDL detail analysisVEDL is overall in Bearish Trend on higher timeframe. See the below chart for EMA and RSI correlation. EMA:- - Its below Daily 200 EMA (White Line). - Its below Weekly 200 EMA (Green Line). - Both these Daily & Weekly EMA's may now act as Resistance. - So i am expecting price to again reverse downside from 256 level. - Price is above Monthly 200 EMA (Red Line). - I am expecting price to fall back to this Red line and reverse from here @185-190 level (Support Based Trade). - Expecting an upside only if its breakout above 256 and retest 256 level as support (Breakout Trade). RSI:- - Daily RSI (White Line) bounced from oversold zone (RSI 30) and now above 65+ level. - Weekly RSI (Green Line) bounced from oversold zone (RSI 30) and now near 46+ level. - Monthy RSI (Red Line) bounced from support (RSI 40) and now near 45+ level. - So overall if i see Daily RSI may reverse from 70+, Weekly & Monthly RSI may reverse from 50. - Now correlate that price rising from current price to 256 may lead to Daily RSI hitting 70 and Weekly & Monthly RSI hitting 50. A good setup for reversal downside. So 256 may act as Resistance and Major Breakout level. TRACK 1 - shows the Breakout trade above (Skyblue Track). TRACK 2 - shows the Support Based trade near 185-190 (Yellow Track). Support & Resistance:- - Major support level is at 209-210 from where VEDL price has bounced back. - Supertrend Red colour line shows resistance at 256-257 level. - Resistance Levels are 246 - 282 - 317 - 357 - 397 - 440. - Support Levels are 232 - 209 - 187. - Red Trendline Resistance marked is the make or break for price. - If successfull Breakout above this Red Trendline with retest done and volume supporting Breakout (Buy). - If rejection from this Red Trendline the price may fall to 185-190 Support zone (Buy). So as per my analysis:- It took support from major support level. But if you correlate it rose and fall back again and again from resistance (in downtrend). as per my analysis its a limited bounce and expected to fall back again. Wait for Breakout or fall to Monthly 200 EMA for long posn or accumulation. For Positional or Long Term Buy 185-190 Stoploss 158 Targets 242 - 282 - 317 - 357 - 397 - 440. For Swing Buy above 249 or above 257 Stoploss 228 Targets 270 - 282 - 317. This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. We are not SEBI registered. Happy Trading :-)
NSE:VEDLLong
by MasterTrader1949X
1
Reliance - Oversold I have taken an opportunity to discuss one of the best indicator i.e. William R% for trading which I always recommend. The usage has been discussed in iH Chart. Now, that stock is oversold in 1H, it is bound to go up. But, wait for atleast 3 hourly candles above levels mentioned above and then trade tomorrow. Though, I have made detailed analysis and suggest that Reliance will recover any wherefrom here, but to cut it short not discussed them rather discussed William R% instead. All the other things take a back seat in treading and on the front is liquidity available to the smart money. Smart money will not take auction upwards unless it gets enough liquidity at his own price and time. So, even if we don't use any other indicator else than this and act accordingly, we can succeed. Please read everything carefully as written on the chart and try to apply at all levels may be 5m, 15m. 1H D, W, M. Price Levels for tomorrow are mentioned here under: Sell Below 2231.56 2208.01 2184.57 2161.27 Buy above and targets Providing here the modified version of my script for indicator study(title="Williams %R", shorttitle="The Willy") // Williams %R length = input(defval=21, minval=1) upper = highest(length) lower = lowest(length) output = 100 * (close - upper) / (upper - lower) ema = ema(output, input(defval=5, title="EMA")) ema1 = ema(output, input(defval=13, title="EMA")) // Plot h1 = hline(-31, title="Upper Band") h2 = hline(-71, title="Lower Band", color=red, linewidth=2) L1 = hline(-29, title="Upper Band" , color=red, linewidth=2) L2 = hline(-69, title="Lower Band") h0 = hline(0, title="Uppermost Line", color=silver,linewidth=2) h100 = hline(-100, title="Lowest Line", color=silver,linewidth=2) //////// fill(h1, h2, title="Background") ///////// plot(output, title="%R", color=yellow, linewidth=1) plot(ema, title="EMA", color=aqua, linewidth=1) plot(ema1, title="EMA1", color=red, linewidth=1) 2267.13 2279.05 2302.98 2327.046709 2351.228945
NSE:RELIANCE
by rekhi567
Nifty: Will there be more gain or more pain? Nifty Observations - Nifty has seen a good swift 1000 point recovery from the recent lows - currently trading below 200 EMA and near 50 day EMA - 1st time Nifty broke 200 day EMA, it recovered quickly - 2nd time it broke, it recovered and halted at 200 day EMA - now it is below 200 day EMA and trading near 50 day EMA - Nifty getting resisted at 50 day EMA might indicate weakness has gripped the market and it might suggest more pain in the next couple of months. - doors are still open for a fall up to 14400 odd levels This is a positional view and not necessarily for this month. Pls read the disclaimer Best wishes Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
Mahindra &Mahindra ALL TIME HIGH!!!MAHINDRA &MAHINDRA has reached its all-time high Price in the Daily timeframe. It is moving in Ascending Parallel Channel from March month on Daily timeframe. On the daily timeframe, it has made four times flag and pole pattern and reached its target also. As we know, when the short-term EMA is above the long-term EMA then the trend is bullish and for the bearish trend, the short-term EMA is below the long-term EMA. Here Short-term EMA i.e, EMA 12 is above the Long-term EMA which is EMA 50 which depicts the trend has been bullish. The RSI have showing divergence on multiple time frames. Disclaimer: This post is meant for learning purposes only. Invest your capital at your own risk.
NSE:M&M
by Immature_Snorlax
Divis labs long at 4590Tranche 1 of 7 shares @ 4590 1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA Price topped out in Aug 2021 end, then distribution till Oct, Decline till Dec end and Accumulation from Jan. Currently price bouncing from 200 Daily EMA Also Price higher than 200 EMA (daily), higher than 21 EMA (Daily), lower than 50 EMA (Daily). Price crossing over 50 EMA daily would signal trend change confirmation 2. Is there any trend reversal in play? 1. Multiple divergence confirmations on MACD , RSI and MFI? Yes 2. At important support or resistance - horizontal - Yes bounce from 4400 zone 3. At important confluence of EMAs + price + support - Yes - Daily 200 and Weekly 50 3. How are the candlesticks behaving and what is the volume doing Candlesticks - No clear play as of now 4. Is there any trend continuation in play? Currently in accumulation.... Good candidate for up trend to start 5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance) No, not yet. 6. Fundamental factors in play 1. EPS growing quarterly and yearly due to revenue growth and OPM growth (very healthy growth)... PE is lowest compared to EPS growth since Dec 2020 2. Are institutional investors/promotors increasing their stake - Slight decrease in FII and retail holdings which was lapped up by DII
BSE:DIVISLABLong
by Golden_Ratio_Capital
How multiple timeframe analysis is helpful in filtering trades?After a 1.5 month long consolidation the stock has finally broken out of the channel phase forming a typical Bull & Flag pattern indicating a further upside potential confirmed by multiple timeframe analysis. This analysis is divided into two different phases based on 2 different timeframes and those are: 1. Daily Timeframe 2. 1 Hour Timeframe Daily Timeframe Here, the stock has formed a Bull & Flag pattern with 3 supports & resistances on both lower and upper part of the channel. A break from which was seen in the last trading candle with following probabilities in the favour of the buyer: 1. Shifting of Lows: After forming a Lower Low(LL) at 1014 the low shifted to 1067.45 forming a Higher Low(HL) which again shifted to 1155.05 making a new HL near the resistance which is a sign that bulls are becoming agressive. 2. Volume: Highest volume since last 7 days in the BO candle is seen, moreover, it is even greater than the 20-MA volume which further adds to the confidence in the trade. 3. EMA Behaviour: Exponential Moving Averages shows no signs of discrepency. Baically Shorter Term EMA is still way beyond Medium Term EMA. Here, I have taken 21-day EMA as the shorter one and 50-day EMA as the medium term one. 1 Hour timeframe Ideally, lower timeframe is used to confirm whether bullish sentiments are still prevailing on the lower timeframe or not. If not, a trade should be neglected. But, here a whole new scenerio of another bullish price action pattern is seen which is a Inverted H&S pattern that further adds the odds in the favour of the buyer. What to look for: 1. Pattern: Ofcource, the pattern cannot be overlooked with a clear Left Shoulder(LS), Head(H) and right shoulder(RS). 2. Time spent Near the resistance: Here, the stock has spent some time near the red resistance line as mentined in the chart. A good amount of time spent near the resistance(in this case red line) is good indicator of a successful breakout. 3. Moving Average Indication: Shorter term EMA is above Medium Term EMA which is also a tick. Conclusion: 1. EMA trend bullish on both daily and hourly timeframe. CHECK ✔ 2. Price actions patterns with good consolidation. CHECK ✔ 3. Volumes are above average. CHECK ✔
A
by abhinavjain97