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Intraday Trade: watch for support breakdownCan break support zone. short below 76.8 in Intraday For stoploss in Intraday use 5 minute chart and see nearest resistance. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapdown or bd before 9:20 If gapdown is more than 1% from bd level than avoid completely. if less than 1% or gives bd before 9:20 than wait for first 5 minute candle and entry below 5 minute candle and revised SL above candle high.
NSE:BANKBARODAShort
by stockkar
GMR Infra Technical Analysis. Short Term Bearish TrendIts an amazing sight to see patterns and mathematics following each other so beautifully. GMR Infra is following an ascending channel. I have marked two channels, one in dotted line format (inside channel), and the other one in simple line format. After March 2020 downfall, it has made a peak which is close to extended Fibonacci level 1.618. I have used two sets of Fibonacci levels based on recent rally and 2020 fall. When you look at the fib levels of two different sets, you'll find how beautifully it has followed these levels, with a fractional standard deviation. What are we looking at in the future? The recent price action has made kind of inverted cup and handle pattern, which is suggestive of a bearish move is short term. The supports are placed at 27.30, 26.80-26.65 (this is basically a zone, very good support region), and then at trendline which is close to 24.80. The immediate resistances are at 29.50, 31.75, and 33.90-34.35 (this is basically a zone, very good resistance region). This stock will fly when it breaks the channel and the resistance zone placed between 33.90 to 34.35. As of now, it might trace back to support region placed at 26-80-26.65, or if the bearish momentum turns out to be strong it might come down to trendline support at 24.80. That's all about technical's of GMR Infra. Fundamentally, I'll be looking at its plan on reducing debt. Yesterday's results were promising, but still there is a long way to go. Personally, I'll be looking for breakout to go long on this scrip, and also if it breaks below the lower band of the channel, then it might go into bearish mode or long sideways movement. Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision. If you like the idea, give me a thumbs up and share it with others. You can choose to follow me too. Comments and Criticism are welcome.
NSE:GMRINFRAShort
by UnknownUnicorn24887800
SRTRANSFIN ACCUMULATION 1D 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. NSE:SRTRANSFIN used to consolidate for a very very long time between 700 and 1300. After the rally since last year we can see currently its in a sideways region. This could be accumulation or distribution. We are not sure yet. But chances are high it is a small pause and a small accumulation region. Nonetheless confirmation is absolutely essential. 1500 and 1265 are important levels within which the sideways region is currently in. Breakout with high buying(green) volume will confirm accumulation and the opposite could signal possible distribution. Volume Profile -: ACCUMULATION REGION: 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 IMPORTANT OBSERVATIONS 1. From 17Mar-20 to 30Oct-20 A Nice accumulation took place in the rectangular region with ample of volume. 2. Then rally happened with in between small pause where accumulation happened since in those small pause green volume was more than red volume (more buying than selling). 3. Now its in sideways but with very low volume compared to historical accumulation. So there is a high chance that its a brief pause and soon it will breakout and resume the trend. TARGET WITH LOGIC Mark the brief pause that happened between 22nd Nov and 23rd Dec (2020). The volume at that level is comparable to the volume at current level. Two things can happen 1. It breaks out with this amount of volume. In this case, it makes sense to assume a rally to be little more than the rally since 23rd Dec 2020 level since the accumulation volumes are almost same. So i used a Fib Extension from 23rd Dec 2020 and marked 168% as target level. 2. It continues in this region for a long time. Then afterwards if it breaks out we have to consider rally to be much longer because the accumulation now is much stronger. I will update target level with image if that happens Entry Wait for a breakout above 1537 level with high volume, 1D, closing at 320PM and then take position. I will update here before or during possible breakout. You may use breakout above 1537 + ATR(Average True Range) for additional confirmation. -> The best way to enter would be to partially after breakout and the add after (throwback + continuation). i will update when addition can be done. STOPLOSS Best to place stop-loss at or below 1276 for conservative approach. Then trail as per your strategy or best use MA in 1H or 1D timeframe with ATR 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 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 Note-: This analysis is for NSE:SRTRANSFIN to be put in watchlist not immediately taken position in. **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 LIKE AND 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:SRTRANSFIN
SLong
by VPA_TRADER
Double Top in UPLNSE:UPL UPL Ltd is forming Double top Which is a strong chart pattern We would learn as well as trade UPL as per the price action formed Chart Patterns are usually very accurate if applied netly I would share such type of Ideas so that many traders can learn how to Draw, Find or execute a chart Pattern. Rest all details are given in the Chart please have a look at it (NOTE - This research is only for educational purpose We are/would not be responsible for any profit or loss of yours)
NSE:UPLShort
by Arshad_Khatib