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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
Nifty Level For Tomorrow ( Price Action Analysis)If Tomorrow Market Open Above 15900 and Taking Support at 15880 Then GO Long AFTER 15 Min Candle High Breaks. iF market open below 15840 then Go short for 50-80 Point Down and If given support breaks then second support is 15700 Or If Market Open Flat Then Avoid trade if the given level breaks then take trade with Proper Risk Management All Advice is given for Educational Purpose Do Concern your Financial Advisor before taking any decision Major Resistance:- 15990 Minor Resistance:- 15900 Major Support :- 15600 Minor Support :- 15690 Have A Wealth Tading
NSE:NIFTY
by Mayurnavhale
Asian Paints: Shorting for target of 2798. Take entry at 2940Hello Traders, One can short Asian paints when a 75 minute/60 minute candle closes below 2945. The target of 2798 should look achievable if there is no reversal from weekly resistance (blue line). Entry price: Short at 2940-2945 Target: 2798 SL: 2994/3031 Depending on risk appetite. I would go for SL of 3031 to avoid being taken out by any Wicks. Disclaimer: I have already attempted the trade on Friday and shorted the current month Future Contract at 3976 (Around 3963 in cash segment). Although I entered it at high risk but it looks very much strong from chart. Happy Trading.
NSE:ASIANPAINTShort
by guptaaditya24
5
Nifty Level For Tomorrow ( Price Action Analysis),IF MARKET OPEN 15690 AND TAKING SUPPORT THEN GO LONG UPTO 1574. IF MARKET BREAK THIS LEVEL THATS IS 15690 THEN GO SHORT For 50-80 Point Down Or IF Market Open on 15748 then Go Short For 100 Point Down If LEVEL BREAKS THEN CONTINUE IF mARKET GO SIDE WAYS THEN DONT TRADE IF LEVEL BREAKS THEN TAKE TRADE MAJOR RESISTANCE:- 15750, 15900 MAJOR SUPPORT :- 15680 ,15600 ,15531 ALL Advice is given for Educational Purpose Analysis Based on Purely Price Action.........
NSE:NIFTY
by Mayurnavhale