REPORT OF VARIOUS SCRIPS ANALYSED LAST WEEK PART-3HDFC BANK
1. In last update regarding this stock I mentioned is quoting for your consideration " two days trading after my post the effect of an evening star is neutralize by the bullish harami which i circled in white. and today candle activated it for long side. now long can be initiated with the sl of red dotted line down side." . You can see what a fantastic rally to blue line . See how sentiments are calculated with the formation of candle to candle analysis. That what you have to learn when analysis is done. In every post I corroborate my statements first then I provide next move. Is any post more than 155+ without proving my statements. This is called consistency and strike rate. You all can reach that level by putting hard work with passion. Many people are not able to digest this perfection in my post so they become egoist and start writing without proof illogical. I understand this effect I reply them with my work. As soon as trend progress my analysis move with sentiments.
2. A dotted red color zone if not taken out in 2 hr time frame then this will become buy zone. on the contrary if taken out then trend will change to down.
3. If next session trading takes out last candle high in 2 hrs time frame then price can move to white dotted line. That is right place to book positional long.
BAJAJ FINANCE
1. On june 14th the title of this scrip was " bajaj finance has come out from sell mode to buying see how? " . You can see when sentiments changed you were imformed on bottom fishing time. I mentioned is quoting for your consideration " see upper dotted and solid red zone. on taken out at lower time of 1 hr you can go long with with the sl of lower end of this zone." . You can see price rallied. see the level of confidence written with small condition. See price rises and volume rising . That how manifestation are done with conviction. You will find many analyst providing some calls correct but not all . Even single call is missed in !55 + post are on record.
2. Now the target is white color zone. price can consolidate one to two days depending if nifty go in correction .
Rest market will decide.
YOGESH VATS
Stocksignals
REPORT OF VARIOUS SCRIPS ANALYSED LAST WEEK PART -2BHARTI AIRTEL
1. In last updated post of this scrip I mentioned that "if pink dotted line in upside is taken out on 2 hrs time frame , then i would like to initiate long position ." y you can check in two hrs time frame it is taken out but with some glitch . See volume of 2nd 2 hr candle is low. This does not satisfy me for long. Here price has to fulfil new condition to go long.
2. The red color dotted line should take out on 1 hr time frame Then with the sl of low of ref candle which cross red dotted line . I will initiate my positional long for the target of white box.
3. On the contrary If price takes out yellow support line on 1 hr time frame , then I will cover my previous week long positions. And will wait for price action near green trend line . If that line is also taken out in 2 hr time frame then I will be bearish on this scrip.
4. All conditions to trade in this scrip are important any relaxation will convert into big ......
ICICI BANK I. In my last update for this scrip I mentioned is quoting for your consideration "but it does not mean that stock fulfilled my condition of going down. till red solid line is not taken out on 2hrs time frame chances price can move up." You can see lower taken out condition not fulfilled and price moved up. All my charts speak themselves with conditions . Because this is the game of conditions . Now further move of this stock is dependent on upper red line if it is taken out in 1hr time frame then blur color zone lower band is my target. That i mentioned in first post of this scrip. otherwise price will consolidate here .
AXIS BANK
1. In this scrip I mentioned is quoting for your consideration " In my last update of this scrip I mentioned is quoting for your consideration " that change of sentiments made my biased now down side. but i will not short till red support is not taken out in 2hrs time frame. till then stock is in no direction range neither long nor short can be initiated without clear break out either sides." You can see the clarity of visualization of move when sentiments changed to down I clearly mentioned red support line condition and confidently wrote I will not short though sentiments are down side . See your self breaching upside gave a fantastic move to upper end of my green line. That is accuracy Of an amateur and non professional person See MR.troller ( gann-elloit-trader). If you can come out of your ego then you can see. This is classic example of my conditions which never put me into jeopardize.
2. Next leg of move will start only when green dotted line and solid zone is taken out in 2 hrs time frame. Other wise price will move into range bound trade between upper green and lower green support. Rest market will decide.
YOGESH VATS
RESULT OF LAST WEEK ANALYSIS OF VARIOUS SCRIPS PART -1Hi traders/Investors ,
Last week I shared few scrips movements and now compare them with this week move . Whether this amateur and non professional analyst can make people earn money or not . This is the statement of only one of my respected trollers who himself is not able to publish a single idea on platform but very eager to satisfy his ego writing these words. So being a "amateurs and non -professional" analyst I try to compare the accuracy with so called highly professionals. Though at one point he accepts my analysis make money but with above mentioned words.
Reliance Industries
In my first post and second I mentioned is quoting for your consideration" if red dotted line is taken out on smaller time frame of 1 hr then you will see rally to red line in coming days.( first post statement). you can see lower yellow dotted line is intact and price breached upper red dotted line but not taken out on either 1 hr and daily time frame. if tomorrow it fulfill this taken out condition the see rally.(in second post ) ". You can see price gave rally and touched my red line then came down little. This is the accuracy of amateur analyst.
Next week trade plan
1, You can see the white circle the blue zone is taken out on daily basis with good volume also circled in white . So price is expected to move up with certain conditions.
2. I made a micro zone this can act as resistance for time being and target is the upper red line . Those who want to take longs ,they will have to wait till price move down to blue zone. But it does not mean price reached near it and you jump into trade. wait to see whether price stays at this zone or going to break it.
3.If yellow trend line is breached then it can be signal of weakness so do not take long til you get buy setup. In any case prices takes out blue zone on lower time frame then no trading either long or short. Wait for next day if price continue to move down then short with sl of upper band of blue zone.
4. Chances if not taken out micro zone then range bound can happen for day or two. Both arrow showing the direction after these levels.
Maruti
Compare my last statements for this scrip with this week move.
1. In my last post what is said quoting for your consideration " you can see in two days trading price did not close above bull candle in green still not activated so no long can be initiated. see beauty of analysis i made red dotted line price in two days did not dare to breach this." You can see when price activated this pattern a rally is seen which is not completed yet. The dotted line of lower side could not breach that see what is accuracy Mr.troller ( gann elloit trader) of amateur .By writing that name you can not be gann or eilliot just learn etiquette to write and search the real meaning of criticism. If you want to satisfy your ego go somewhere else . My analysis will not give you that privilege to satisfy your ego. The people like you can not even understand that language. Because mind set is in denial mode not in acceptable mode.
2. yellow dotted line is first target of longs from there price can go into consolidation for time being. Rest market will decide.
Yogesh vats.
REPORT OF STOCKS ANALYSED ON LAST WEEKEND PART -2ICICI BANK
In last post of this scrip I mentioned is quoting "in hdfc little confident to go upside but here this gives me edge over hdfc." See how price moves changes sentiments in two days. In part -1 post I shared perfect harami pattern activated but in this scrip it is variation of harami which is not activated . last Saturday I was bullish on Icici but in two days scenario gets changed . But it does not mean that this stock fulfilled my condition of going down. Till red solid line is not taken out on 2hrs time frame chances price can move up. I will be little more confident when upperr yellow line is taken out in 1 hr time frame with first target of upper red solid line and that is also taken out on 1 hr time frame then blue zone lower band.
MARUTI
In my last post of this stock I mentioned is quoting " i will like to trade when price gets activated on next day by closing above bull candle." You can see in two days trading price did not close above bull candle means the piercing pattern circled in green still not activated so no long can be initiated . See the beauty of analysis I made red dotted line price in two days did not dare to breach this . Can you imagine how precision the moves are manifested with clear conditions no confusion in any condition. This is why I every time emphasize on education of this unique language. As in last post already mentioned the clear conditions of long and shorts so I would not discuss here interested traders can see last post on this scrip.
AXIS BANK
In this stock my biased was for long side Till Saturday but on Monday trading changed to down side why I tell you by comparing my statement " if green support is not taken out on lower time frame and later on next day in daily time frame." You can see on monday it did not even try to touch high of bullish candle and whole day traded down. This shows weakness and breached green support so long positions should have been surrendered on same day. The next day means today close is below bullish candle low means taken out condition is also fulfilled. That change of sentiments made my biased now down side. But I will not initiate short Till red support is not taken out in 2 hrs tine frame. Till then stock is in no direction range neither long nor short can be initiated without clear break out either sides.
BHARTI AIRTEL
In last post of this scrip I mentioned is quoting " piercing pattern on good tested support not activated yet." You can see two days trading candle could not give any candle close above this pattern bull candle for its activation being on good support. This changes my biased to down side if this pattern low is taken out in next trading session on 2hrs chart then I will be completely bearish for this . I made pink color solid line on bull candle . On the other side If pink dotted line in upside is taken out on 2 hrs chart then I would like to initiate long with sl of pink solid line. If you have depth in your analysis and skill to change you sentiments with price market will reward you . In these two parts I tried to show you two days back my sentiments with stocks and how I switch with price formation. In some stocks I changed and in some did not. Rest market will decide.
YOGESH VATS
Note. All trading positions should be initiated by the advice from your financial planner.
REPORT OF STOCKS ANALYSED ON LAST WEEKEND PART-1RELAINCE INDUSTRIES
In last post I gave two dotted lines one red and second yellow. What i mentioned quoting '" IF red dotted line is taken out on smaller time frame of 1 hr then then you will see rally to red line in coming days." you can see lower yellow dotted line is intact and price breached upper red dotted line but not taken out on either 1 hr and daily time frame. If tomorrow it fulfill this taken out condition then see rally . on the contrary yellow dotted line is taken out the this scrip can be range bound. bullish engulfing pattern is activated now.
SBIN
In last post I mentioned is quoting " those who want to enter long they should consider red dotted line as sl and get get long side position till that dotted line is breached." you can see in two days bnf gave big volatile moves but price did not even come closer to red dotted line. Today it breached green dotted line but not taken out. Now scenario is little different Those who are long can be long till pink sloid line is taken out on 30 min timeframe. And those who want fresh entry in long side should wait to go long when green dotted line and pink dotted trendline both are taken out on 30 min timeframe. Those who are not aware of taken out condition they can see attachment where I discussed in detail.
HDFC BANK
In last post I mentioned is quoting " now to invalidate the effect of this pattern further price have to take blue zone out on 2 hrs tome frame.only then reverse sentiments will apply."
You can see I was taking of week structure of hdfc as compare to Icici bank because of an evening star pattern and told you the condition for discontinue the effect seeing to down side for last couple of days by fulfilling the condition of blue line. But two days trading after my post the effect of an evening star is neutralize by the bullish harami which I circled in white. And today candle activated it for long side. Now long can be initiated with the sl of red dotted down side line slightly below it. Because blue upper line condition I mentioned in last post is not fulfilled. So I suggested this sort of sl with the target of red channel upper band. Rest market will decide.
YOGESH VATS
Note. To better understand compare with my previous post of these scrip. All trading positions should be initiated by consulting your financial planner.
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
ICICI BANK & HDFC HAVING SAME STRUCTURE BUT THIS LOOK GOOD SEE !Hi Traders / Investor ,
Recently I posted hdfc bank analysis here Icici bank having same pattern that is an evening star and behaved same but in hdfc little confident to go up side target but here this gives me edge over hdfc. Both are in accumulating process . The behavior of price formation is same but effect would be different that is I feel May be I wrong this time will tell. I circled same pattern in white. I will not discuss about this pattern already discussed in hdfc post. For Monday price comes in yellow dotted range and sustains there or take out this yellow dotted band up then one should go long with the sl of lower band of yellow zone with the target of blue zone lower band. This would be positional trade. Entry at right time is important. If risk reward ration do not match then leave it for trading. In any case low of Friday is breached and price do not come back in 30 mins then trend will change to down. investors should wait when price come back from blue zone then think over to invest that i will share in next week. Til then lat price do whatever in upside.
YOGESH VATS
Note. All trading and investing should be done with consulting your financial planner.
WILL FRIDAY BUYING IN HDFC BANKS GOOD ENOUGH TO TAKE UP SEE !!Hi Traders / Investors ,
This is my first analysis on this stock . Since it is quite popular I thought That should also be on my radar. So I analyze it by understanding the structure of smart money is making in it . Actually they are accumulating it on lower levels. All investors listen carefully. If you can invest in this stock for two years that will provide fantastic return. People wanted to buy it on lower prices but it did not gave chances . Thanks to covid crisis It became half . Those who could not board train , they will get chance to board it soon. That would be missed then regrets only. See carefully This is in blue range and upper side I circled an evening star pattern . Those who are reading my recommended books on candle stick they will find the condition which I am going to discuss in advance level with examples. New followers pl do not ask me the name of books , I have fed up giving same reply to many of them. It does not mean I am discouraging you not to ask , not at all. You are welcome to write about these in comment box many of my followers are willingly happy to help you. They all know the value of my time. Now come to point This pattern was made but not activated on next day by giving next candle close down the previous candle. The price went upside breaking the high of pattern . Many of you will think this pattern is not activated so will not work, But that is the beauty of steve nision he taught me in 3rd candle price closed below the high of center candle so chances of activating is still possible. And same happened 4th candle gave close below 3rd candle of circled pattern. And you saw price came to red dotted lower candle. Now to invalidate the effect of this pattern further price have to take blue zone out on 2 hrs time frame . Only then reverse sentiments will apply. Other wise price will visit to lower end of blue range. Intelligent traders will find sell setup if unable to take out upper blue band of range. This buying on Friday may be deceptive. I will be bullish if white dotted line is taken out on 2 hour time frame. That is why Indicated it green arrow. If not taken out blue upper band then red arrow will work. Investors shuold wait price come to blue and green dotted zone. Invest 50 % with sl of low of april . Rest market will decide.
YOGESH VATS
NOTE- All trading and investing should be done by consulting your financial adviser.
RELIANCE IS READY TO GO IN UNCHARTED TERRITORY SEE HOW !! HI Traders/Investors,
Two week ago I posted my analysis on this stock giving conditions for trades . Let us see reliance followed which and how ? In point no.3 " A green means white zone is not taken out then price will move to blue zone and red will be crossed easily." See price did not even dare to visit white zone and see red is crossed easily. I did not use taken out for red zone instead use crossed easily. That is the beauty of words I use in my conditions to manifest next move prior it happens. I could use these words because I know where structure can change and respond. All my charts are full of these examples. More than 140 ideas are corroborating this fact. That is why I say many times the words I use should be seen in that context. People miss them and go wrong. Those understand earn a lot. Bad trades and good trades are written regularly in nifty and bank nifty post comment box by traders. Even those who trade in stock they also write both trades, many of them accept their fault to understand the word in right context.
Now I circled a pattern called bullish engulfing which is not activated yet But the beauty of this you will not be able to see in any books . I tell you the characteristic of this . See a big bull candle covered the last three days small candle on good buy zone with good volume Its effect would be seen if red dotted line is taken out on smaller time frame of 1 hr then you will see rally to red line in coming days. If not taken out then and this pattern low is taken out on smaller time frame then good fall . When this sort of pattern are failed then fall becomes worst. I try to provide practical knowledge when i get that sort of setup.In every post first I prove my statements then I write manifested move. Not like others given target missed new target. Basically they don not know stock market is language of probability which they do not use in their analysis. I know this statement of mine will hurt their ego instead of learning new concept some of them to satisfying their ego to troll me taking out silly points that my charts are very cluttered. In my life I appreciated the people who taught me new concept to attain this level. So my dear friends rather than to depend upon machine signals train your eyes and mind to find structure market is performing.
There are many who are good but this is for those who not egoist rather good seekers. Sorry for this offence. You are not my competitors rather co-analyst. Please think over it.Rest market will decide.
YOGESH VATS
NOTE- All trading and investing should be done with the advice of your financial planner.
BAJAJ FINANCE HAS COME OUT FROM SELL MODE TO BUYING SEE HOW ?Hi Traders/Investors,
Two weeks back I posted my first post on this scrip. That time it was in sell mode and in last week came out from this mode to buy. Will it continue further lets find out. What I shared with you all in form of my conditions is quoting for your consideration in point no.3 of that post. " my sentiments for long will switch only when price takes out red dotted line where I showed green small arrow." See carefully took out from red dotted line in last to last week. In fact had I updated this post in last week I would have not waited for red dotted line condition to go long in new update. Since red channel was broken upside I would have given buy signal in last week. One thing is noticeable green arrow sentiments changing line is acting as good support That is why gave big bullish candle on Friday trading session. Two week back I manifested that point which can change the structure of this stock. Every chart is manifested so accurately that all reactions are done on that points why any scrip do not choose to react on so many other points on chart. This is a question of thinking.
Now I discuss the next move see upper dotted and solid red zone. on taken out at lower time frame of 1 hr you can go long with the sl of lower end of this zone to the target of white lower end zone. If momentum is good then can go to upper end. This is the trade of next week.Rest market will decide.
YOGESH VATS
Note - All trading or investing positions can be taken on advice from your consultant . I can be wrong any time.
IS MARUTI READY TO SURPRISE IN NEXT WEEK SEE YOURSELF !!Hi Traders/Investors,
last week one of my condition was so helpful for aggressive traders that it saved for going short on this scrip . Let us understand it. "if blue zone is not taken out then price will move to red zone. where price can consolidate or momentum is strong then can breach it . but short after red zone can only be initiated when the condition of taken out is completed at res support zone."
can you see the price took support took support from that red zone by making candle close near day. Has any body taken short on gap down open , he would have been trapped by bulls. I circled the the candle stick pattern called piercing . The psychology behind it is very much clear that bulls found that price lucrative as on support zone .so they came and bought aggressively closing price days high. Novice traders seeing this pattern will jump into long side buy positions. But intelligent will wait for next day trade to find out whether the entry is of weak bulls or really strong . In fact this pattern is Warning for short traders to cover their shorts. Those who do not later part can be painful to them. Every candle speaks else you know its psychology behind it. I am not saying you just go and take long next day. with this candle the price to reward is not comfortable. So let price make it comfortable by coming to red dotted line Then buy with the sl of bull candle low. I do not recommend this trade but aggressive nature can take this. I will like to trade when price gets activated on next day by closing above bull candle. Here is also problem If next day is also good momentum day to upside and take price away from upper end of blue zone then also risk reward will not match. so in that case you will have to buy when blue zone lower end is breached upside and price stay above this level for 30 mins then can go long with sl of red dotted line.Once price will stable upside then in next week lower end of white zone is my target. On good momentum can go to higher end also. In every post you all have been watching my conditions and level works magically why they are so reactive all times with almost 100% accuracy. While all on air advisers give numerical nos but have you ever seen me given nos. Nope , I believe in structural points , level where a scrip performs. Investors should wait this stock will come down then you can join. Rest market will decide.
YOGESH VATS
Note. All trading and investing decision should be take with consulting your financial planner. My idea can be wrong any time .
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 GOING TO FLY SEE YOURSELF !!Hi Traders/ Investors,
In my last week post of this stock , I mentioned is quoting for your consideration " 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." You can see the price remained range bound between two given limits. why price did not break this zone whole week it has sufficient time to break because the move manifested in such a way that it itself prove to be worthy almost one month back. Now see i circled in green that is piercing pattern on good tested support not activated yet but if next trading session close is above the high of last candle then it will be activated. Green arrow is direction not the entry point as assumed by one of my followers and gets himself in panic situation in one of the indexes . So red carefully till you understand the conditions. If find difficulty then write in comment box there are many experienced traders who are always ready to help. As they have good habit to visit comment box and see all conversation for the point of view of learning new concept of market by my replies and your fantastic educational questions.
I see if price takes out red dotted line then white box is my target. Rest market will decide.
YOGESH VATS
Note. All investing and trading should be done with the consultation of your financial planner.
IS AXIS BANK READY TO GIVE GOOD MOVE UPSIDE SEE YOURSELF!Hi Traders/Investors,
In my last post on this scrip ,I mentioned clearly that is quoting for your consideration " if green support is not taken out on lower time and later on same day in daily time frame." then only by breaching this condition cover long other wise remain in long. now you can see the whole week axis bank remained up and in last trading session gave good recovery from green support. In this week even breached it . So condition is valid of last week long should be carried forward with the target of zone one. For Investors I gave one condition of green upper line taken out now with this sort of structure I share this is right time to buy 50% at this stage and rest when price will come back from upper zone . Follow condition strictly because I use psychological and structural points to make these . All are very reactive when conditions get failed. So trade accordingly. Rest market will decide.
Yogesh Vats
Note. All decisions of investing and trading should be taken on advice of your financial consultant.
HAS AURO PHARMA EXHAUSTED OR TRYING TO TRAP MORE SELLERS !Hi Traders/Investors,
Last time when I posted this scrip analysis one of my followers was short at 701 with heavy quantity . I gave advice to come out from this position as sellers are being trapped . See it touched almost 780 . Now again this time my one of the followers is long . Eagerly waiting to know next move. So for this time, it is for you and many more traders who are on long side. See a red color channel is in fig where price took resistance and made shooting star candle circled in pink, which is activated now as second candle closed below candle circled . This gives me first information if this down move continues the end of main green dotted trendline then i will lose my money. So if i am long I will book my position here. I will not wait to convert my trade into hope that red dotted channel and green doted line will act as support. In any case if this area provides support then I will reenter in position rather to finish my profit of trade in hope.If you see the last statement of mine. I clearly said trap rally can end near white resistance line. Price did not touch it but made micro resistance zone at top.If strong bears entered at red channel top then price should move out of green trendline. If week then this area will provide support. simple logic. if price gets support at green line then a final up move can be seen to white line. on reaching at that area I will see will it continue further or finish. other side as soon as price takes out green dotted line with white support zone then trend will change . so follow conditions properly. I manifested both side trades with clear logic and conditions. If you want to win then maintain discipline by following conditions. Rest market will decide.
YOGESH VATS
MARUTI IS NOT MOVING UP NIFTY IS MOVING FAST WHY?Hi Traders/investors.
In last post week back I gave you detail of this stock , which phase is going on . You can check that also attaching in this post. I made blue zone and told that it would be tough for this stock to take this out. You can see five sessions spend but maruti could not take this out. I trade on conditions because stock is language of probability which works on conditions. If this zone is taken out only next resistance zone will come into play and most probably lower end of the white zone will act as resistance and that zone has potential to change long trend to down . On other side if blue zone is not taken out then price will move to red zone. Where price can consolidate or momentum is strong then can breach it. But short after red zone can only be initiated when the condition of taken out is completed at red support zone. Investors have two option to invest either invest 50% when price takes out blue zone or at red zone . Rest 50% can be invested at white support . Conditions are important to follow. Rest price will decide.
YOGESH VATS
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
SBI HAS MADE ITS BOTTOM RIGHT TIME FOR INVESTING SEE HOW? 1.In my last post on sbi , I shared about bottom fishing in this stock. Where I made a green box to be area for would be bottom. But today"s candle confirmed The upper band of white zone sbi selected to be right area of bottom . You can see I circled that in green sbi took support in last week and crossed red channel . Til yesterday two candles above red channel were not providing enough information of true break out . But today candle fulfilled my taken out condition . Therefore, when price switched its sentiment then investor and trader should also switch his /her sentiments with price . stock market is game of sentiments one should know at early level the psychology of trend is being changed. today it confirmed I am sharing same day.
2. For investors this is the right time to invest in this scrip. Traders I made one red dotted line til price do not take this out , no shorts buy on dip is good strategy for this stock . In coming days second target will be achieved. Since sbi took support on upper end of zone so chances to reach green box is negligible ,consider only when red dotted line is taken out. Attaching last post for your consideration. Rest market will decide.
Educational Idea given on bharti infratel candlestic chartsYesterday educational idea given to our members and also share on trading view platform. This shows the power of candlestick chart. Look today major of the stocks are trading in green but look at the stock of bharti infratel no news nothing still stock is falling . so identify these type of patterns in charts which makes you successful trader in the market. So all the below conditions are fulfilled when the shooting star candle is appear on the daily chart as we have seen on 29-May-2020. In technical analysis, a shooting star is interpreted as a type of reversal pattern presaging a falling price. The Shooting Star looks exactly the same as the Inverted hammer, but instead of being found in a downtrend it is found in an uptrend and thus has different.
1) After the uptrend we have seen the shooting star candle on the charts. Means now it's bears turns to capture the momentum of the stock.
2) 2nd Confirmation given as the shooting star appear near the resistance zone of the stock.
3) We can put the stop loss at top wick of the shooting star candle.
4) Look see our Stop Loss is well respected & not even touched by any candle during whole trading session.
5) Stock falls & we can book the profit as per our reward to risk ratio.
This idea is sharing for educational purpose only. Please note candle stick charts are not generating any trading ideas but increase the probability of stock will move as per our direction.