Stockbible
BHARTI AIRTEL IS LIKELY TO GO DOWNSIDE SEE YOURSELF ?Hi Traders,
1. A few weeks ago I shared my first post for Bharti Airtel where I shared a buying zone. You can see below how price moved around this zone taking support several times. First changing its sentiments to travel in five-wave structures to a corrective pattern (ABC). The journey in these weeks you can better understand the first fig. I shared a few weeks ago. Compare all moves, you will see the transformation of sentiments change with time. Where you also need to change. If you are not adept to switch with price, you can not be a profitable trader. Compare a clear vision on June 6 post is quoting for your consideration " I showed a red buy zone in fig. where I shared investors and traders can entry if not taken out. You can see a pink circle candle took to support and in the later move, this zone was tested and traveled to the red dotted zone. If this hurdle is taken out then you can see the prize visiting white box very soon. On the contrary, If the dotted red line does not fulfill the condition of taken out then the price will be range-bound between the red zone and this dotted line. If in the next trading session price open gap up and sustains here at least one hr then longs will become comfortable. The investor should have bought 50 % of his/her capacity at zone. I will be bearish on this stock if the buy zone is taken out. " . Just imagine three weeks ago I mentioned the whole trade which you can compare with then mentioned conditions. This is the power of education and in-depth visualization. Price neither fulfilled up side condition nor downside the result consolidation.
2. Now, what next In current fig I made three circles showing different patterns and same sentiments. let us interpret them. See the white circle at that resistance where I mentioned the upper condition of trade on June 6th forming two Doji one long-legged and second small spinning top this shows missing buyers' efforts. And the price dropped to the buying zone. Then green circle at that resistance with two small spinning top same information buyers missing. Come to the third circle in pink a small Doji at microzone showing lack of buying. See In three circles the same sentiments.
3. If the green trend line is breached and pink lower support is taken out in 4 hrs time frame then long positional trades should be surrendered. Till price does not take lower red zone out in 4 hrs time frame I will not short. If satisfy this condition then Sort with the target of the lower blue zone. Those new for them to understand taken out is as follows:- Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
4. Both arrows indicate direction not exact level around this area sentiments will change. The rest price will decide.
YOGESH VATS
DISCLAIMER:- All positions should be taken by consulting your financial planner. This work is purely for educational purposes only.
BAJAJ FINANCE ACHIEVED MY TARGET NOW WHAT NEXT ?Hi Traders,
1. In the last post on this stock, I mentioned in point no. 2 is quoting for your consideration " now the target is a white zone." . you can see exactly the white zone acted as resistance and target achieved. There you can see a pink circle showing a variation of dark cloud pattern of a candlestick. This is activated now as the last trading candle has closed below the pattern's second candle low. If the next day trading candle is closed below the white candle low then the price is expected to go in next week to the blue and red dotted line.
2. Here one more condition applies, which is of a yellow dotted line. This line can act as support for the consolidation of the price for some time. One should keep a stop loss of Friday's candle high and should take short positions. Make sure the position should only be taken when yellow dotted provide some support.
3. On the contrary, if the yellow dotted line is taken out on a 1 hr time frame then the price will travel to the blue and red zone. Those new to my blogs, they must understand taken out condition, only then enter into a trade if that is satisfied. For your understanding quoting my condition " Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. "
4. On otherwise If price takes out on 4 hrs time frame the upper pink line then the price will move to a red color upper line. This is how the trade should be going in next week. I always try to make my trades easy-going without stress. The conditions help me to understand moves in the right direction informing me where to enter and exit. So follow conditions strictly. If satisfied then move in that direction if not get out of a trade or do not enter.
5. I have seen many followers who just jump into a trade because conditions satisfied. But that is not the right way to play the market. You need to show patience and find buying or selling set up on a lower time frame then take entry. In this way chances of failing trade get reduced drastically. See my 160+ posts almost in every second post I make you remember to be patient and disciplined. for your understanding chart better, I show you chart below when I suggested going long in this stock. A pink color circle was the time when I recommended and see achieved my white zone target. The rest market will decide.
YOGESH VATS
DISCLAIMER:- All positions should only be taken on the advice of your financial planner. This information is for educational purposes only.
SBI WILL BE IN RANGE FOR COMING DAYS SEE HOW ?Hi Traders & Investors,
In my last post of this stock what I mentioned is quoting for your consideration " " those who want to enter long they should consider a red dotted line as sl and get long side position till that dotted line is breached." you can see in two days bnf gave big volatile moves but the price did not even come closer to the red dotted line. Today it breached green dotted line but not taken out. Now the scenario is little different Those who are long can belong till the pink solid line is taken out on 30 min timeframe. And those who want fresh entry in the long side should wait to go long when green dotted line and pink dotted trendline both are taken out on 30 min timeframe. " . You can see the price fulfilled the condition for long side trades. And the price reached near red upper line. Those who remained long would have earned good profit in this positional long trade. Investors this stock is in the accumulation stage If you get near blue and pink zone on lower side can add in the portfolio for at least one year how will get 300 level till that time.
Trade for next week.
1. See I circle a bearish engulfing pattern in green. This is a bearish pattern which gives signal who are positional long should cover their positions.
Since it is not activated till yet so one should wait to go short once activated. In fact, if the price close below the big bearish candle low on a closing basis then the pattern will get activated.
2. Green dotted support zone can provide support so that pattern becomes invalid. If that happens then one should take long with the stop loss of lower band of the green dotted zone with the target of the upper red zone.
3. On the contrary short side, trade is very tricky I will not suggest shorting this stock because the risk-reward ratio will not be matched. The blue lower end will be the target in the coming days if yellow trend line is taken out on 4hr time frame. As the stock is going in range-bound trade by satisfying lower conditions . so trapping will be seen both sides. No chances of good reward until you book quickly.
4. last but not least upper red zone is taken out in 4 hr time frame then uptrend will resume. So trading in this stock will be difficult in the short side except for one two days. For your better understanding see fig below of the last update and compare it with the current one.
The rest market will decide. YOGESH VATS
Disclaimer:- All positions should be taken with consultation from your financial adviser. This work is for educational purposes.
IS ITC READY TO CHANGE ITS UP DIRECTION TO DOWN SEE YOURSELF !!Hi Traders & Investors,
ITC ANALYSIS
Almost a few weeks ago, I posted my analysis on ITC where I mentioned two conditions is quoting for your consideration " If this is taken out on a 2hr time frame then the structure will change and the price will move down further. On the contrary, If the price consolidates or not taken out then uptrend will resume." You can see price did not break blue color line ( in previous fig it was slightly down but here I moved a little bit up.). Basically I was expecting the uptrend that is why I wrote trend will resume. Though I showed an evening star pattern in a white circle that got activated at that time. so that effect was assumed to take price near the blue zone. Had I got time last week to update then you would have got upward information too? Showing the last chart to understand the better view of the picture with the latest one.
Trade plan for next week.
1. See a white color circle showing an evening star pattern on the blue and white upper zone. Today trading the price made a dark cloud circled in red on the same tested zone. This shows that it is tough for the price to break this upper zone upside. Though this pattern is not activated till yet. But hope to get activated soon.
2. A red color zone is in fig to go further down this is the second condition to take it out on 2 hr time frame.
3. If price takes support at the blue down line Then a pullback can be seen to the yellow upper line. So be careful at this point. Yellow resistance line should be used to sell the stock only when this line is not taken out on 2 hr time frame. keeping a stop loss at the high of the breached candle of the yellow line.
4. On the contrary, if the price takes out a yellow line with the above-mentioned condition then the trend will change to upside.
5. On taking the blue line out on a 2hrs time frame you will see the price moving to the white red lower zone.
To understand the taken-out condition I provide the detail in one of my posts. Attaching with this blog.
YOGESH VATS
Disclaimer:- I do not suggest any buying or selling in the real market better to consult your financial advisor. This work is purely for educational purposes.
ITC IS IN SELL MODE WILL IT CONTINUE FURTHER SEE YOURSELF!Hi traders ,
One of my followers yesterday requested me to put some light on ITC , here this analysis for him and many more who are the part of this scrip or want to be. I circled an evening star pattern in white see this is tested by red long shooting star on red resistance. Clearly shows this pattern is active and you can see the effect of this pattern price going down. This is bearish pattern so my next target id lower blue line in coming days. If this is not taken out on 2hr time frame then structure will change and price will move down further. On the contrary If price consolidate or not taken out then up trend will resume. As you are expected to break 209 seems to be tough with this structure . Rest market will decide.
YOGESH VATS
APPOLO HOSPITAL IS READY TO SHORT FLY SEE YOURSELF !!Hi Traders /Investors,
One of my followers , requested to put some light on the movement of this stock. So here is for you and most traders , investors who are the part of this stock or interested to trade and invest. See first what is going on in this stock for long term structure basically this is now making range lower side has already been made now it is finding its upper side. From where when it will give break then boom in next phase. Range means accumulation of long term move . It will take few months to complete this process . So for investors it is not right time to invest in this stock .Therefore, investor should wait . Now come to traders , I made red color channel In last trade it took support of lower end of support zone and crossed small upper zone It means it is ready to go up to white upper band of zone. But with condition since in last session made big candle which disturb risk reward ratio better wait price to come in small red zone then take buy position with the sl of big candle low. This would be good strategy. On breaching lower channel lower line is ok if price gets back to channel in next 30 mins if not then long should be covered. Lower red zone is taken out then trend will change to down. No long till price come in small zone. In any case next session price move up without coming to small zone then let it go no long please. Many followers are writings how inspite of given conditions , they get trapped into emotional trades . I appreciate their sharing because other co-traders will learn from their mistakes. That how trading can be adopted.
YOGESH VATS
Note. All trading and investing should be done with the consultation of your financial planner. Not on my sharing . I can be wrong.
AURO PHARMA IS CONTINUOUSLY TRAPPING BEARS SEE HOW? Hi Traders / Investors.
In my last statements for this chart What i shared is mentioning for your consideration. " if strong bears entered at red channel top then price should move out of green trendline if weak then this area will provide support at green line." You can see inspite of activated shooting star circled in pink last week price should breach red and green dotted trendline which did not happen because of weak bears entry. And again touched upper end of channel. But one thing is good that activated shooting star is now converted into exhaustion sign of move. since the inception of this move the volume are in declining side . It means this move is just trapping game by weak bulls not by smart money. you can see I showed the trap move of bears in yellow arrows. So sooner or later It has to come down . For this stock has to break first red dotted line and then green . A very strong zone will be the ultimate target of this down fall. After that what will happen that i will discuss in next week. Till then let market play his game. We know know almost what will happen.
YOGESH VATS
Note :- All decisions of trading and investing should be taken with the consultation of your financial planner.
IS BHARTI AIRTEL ON ITS WAY TO RALLY AGAIN SEE HOW ?Hi Investors/traders.
In my previous post on bharti airtel , I showed a red buy zone in fig. where I shared investors and traders can entry if not taken out.You can see a pink circle candle took support and in later move, this zone was tested and traveled to red dotted zone. If this hurdle is taken out then you can see prize visiting to white box very soon. On the contrary If dotted red line does not fulfill the condition of taken out then price will be range bound between red zone and this dotted line. If in next trading session price open gap up and sustains here at least one hr then longs will become comfortable. Investor should have bought 50 % of his/her capacity at zone . I will be bearish on this stock if buy zone is taken out. where stock price is standing this is right time for stock to go down if do not then target of box for traders. Investor stay till it reaches to 800 in coming months.Right now structure is good . when it will change I will update you. Til then buy on dips. Rest market is supreme.
YOGESH VATS
AXIS BANK CHANGED ITS STRUCTURE IS IT READY TO FLY!! Hi traders/investor,
In my last post of axis bank , it was in sell mode til upper end of red channel gets taken out it remained in sell mode. But crossing it fulfilled the taken out condition of channel By giving close above the clear break out candle. This gives me clue that chances to go down is negligible now. Well with one condition If green support is not taken out on lower time frame and later on same day in daily time frame. It means If price breach lower green support and in coming days. The one hr candle should remains out of this green support plus next any of two hours candles close below breached candle.If lower time frame condition gets fulfilled . Then If any body long on stock should cover his/her position. And confirmation will be seen when same day daily candle gives close below support green line. Then only shorts can be initiated for target of white upper band of lower zone. Similarly Buy condition will be activated when same details work in upper green resistance. Price between two green line is no trading zone. If any body long or short in trade should cover their positions in this zone. Right now biased is for long side can change opp side when lower taken out is fulfilled. In every analysis I make you remember that be flexible with your analysis change with conditions . These provide you clear direction of trend , entry and exit if in wrong side of trade.
Investors should follow upper green resistance condition in this way you will be part of confirmed bottom. That assurance is need by every investor to put their money for long term investment. if this stock confirm upper taken out condition then you will get good return in 18 months. Traders upper target is upper zone upper band. Early deduction of trend change is always needed in stock market rather to trade in hope. Rest market will decide.
YOGESH VATS
SHORT POSITIONS ARE BEING TRAPPED IN AURBINDO PHARMA SEE HOW?Hi traders/investors,
This is really amazing that aurbindo pharma is showing weakness symptoms where as sellers are being trapped. In fact one of my followers requested to clear the picture of this stock . Basically he is short with heavy quantity. I do not know the rate at which , he took positions. So this analysis for you and those who are in similar circumstances . See care fully.
1. Before going to technical part I share which phase is going in this stock. Actually Re-accumulation is going in this script. Means buyers are buying at attractive levels by keeping price in range. So trapping has been done by buyers. It does not mean bears do not play in it. At certain point buyers do not show interest for buying .They give chances to sellers to take price down so that they also get chances to buy at lucrative price again. In short all game is in hands of buyers but they show that both sides are fighting to gain control. Even the best panelist on air say market is in range bulls and bears are struggling to take control. This is not true. The psychology behind this re-accumulation is that which I shared with you all.
2. Now come to technical part. I showed you at volume area that it is decreasing with increasing price. Therefore, volume relationship with price it should come down. But what I feel is this is classic trapping of sellers . Hope has been creating by buyers showing weakness so that sellers start taking good loss in hope trade. As you know the psychology of human being , They stay in losses and left in profit. This is what creating in this scrip.
3. A red channel is created at the top of strong zone showing weakness. By confusing sellers that price will break the red dotted channel lower end and will not take support of strong zone. But here reality is different by trapping more sellers and keeping rest of sellers in hope trade. At certain point boom to upper zone of white color in fig. This is how I Manifested the move of this stock. A illusion is being created of different factors which sellers so that sellers find their positions for entry.
4. Now talk about other side. See a very strong zone and green dotted trend line until and unless this is not taken out structure is in pure up trend.I will leave my long when green dotted trend line is breached.
5. I showed the anticipated movement in white color price will come down to this strong zone and will start its final move to upper white zone. This is the whole scene . Now Dear follower decide your self with your selling price what you want to do. I can be wrong any day any time. For investors this is not the right time to invest in this scrip. Rest price will decide.
YOGESH VATS
