Stockstowatch
Short DMARTHOLDING BELOW 2200 , stock will continue its corrective journey & can lead to the level of 2000/1950 again.
IS ITC READY TO MOVE DOWN OR RANGE BOUND SEE YOURSELF !!Hi Traders,
1. On the 4th of July 2020, I gave the title " IS ITC READY TO MOVE UP OR GOING RANGE BOUND SEE YOURSELF !! and today it is "IS ITC READY TO MOVE DOWN OR RANGE BOUND SEE YOURSELF !!". There is only one thing common that is rangebound in both titles. Why it is so? See in last post point no.4 I wrote is quoting for your consideration " If the price takes out a lower yellow line in a 4-hour time frame and the next day closing is below the previous close then the trend will change to the downside."
. you can see neither price fulfilled the taken-out condition in 4 hr time frame nor in a 1-hour time frame. One thing is quite interesting to know that week the first candle took resistance at redline after a gap down an open second rest of the days' price could not dare to fulfill my taken out condition in both time frames. Can you imagine the accuracy of my levels shown in fig last week post behaved so precisely that five days reacted on these? When we trade, we live in fear of braking levels at any time downside. But here spend five days in a small range. Almost in all my posts, I write why shared levels are so reactive in my all posts and conditions give you a real sight to trade in which direction. When to quit from your trade.
2. In point no.1 I mentioned is quoting for your consideration " The white one evening star and red one dark cloud on the same white resistance. Since I wrote dark]]k cloud is not activated till yet. If the activated price will move down. You can see this pattern not activated and the yellow support line provides the good support and price moved up." You can see the red circle pattern is still not activated after one whole week. Therefore, the price did not fall. What happened has already manifested one week ago. Many support and resistance and zone are available on the chart but I always use only those which suit the structure of waves. This is the power of education. I try to motivate you all to make charts and this unique language your friend both will elevate the level of understanding charts and earning too.
3. I have seen ideas of many analysts on this stock but missed that sort of consistent accuracy in their analysis and deliverance. Though all are good in their analysis the edge is missing. So Dear followers lift yourself to a consistent level.
Trade Plan For Next Week
1. I market two yellow arrows one at the price section and second at volume. If you see carefully a message is given that down move is with decreasing volume. Had it gone for fall the volume should be in increasing sides. That is the reason the price got a range-bound.
2. Now if this information is correct means what smart money is showing not fake then next session closing should be above the red dotted line. To move up this line is important. That is why I showed a green arrow upside from this area. In this case, the upside target will be the red dotted line.
3. On the contrary, if the price moves down to the lower band that is the last level of which has the potential to resume the uptrend.
4. If the lower band of blue zone is taken out in a 1hour time frame I will be switching my sentiments to the downside with the target of the white line. Setting the last post figure to compare with the current fig so that you could understand my statements better. The rest price will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
BAJAJ FINANCE ACHIEVED MY ALL TARGETS FOR LAST 3 WEEKS WHAT NEXTHi Traders,
1. I have been providing regularly the update on bajaj finance whatever the targets , I gave all were met continuously. Last week post In point no.1 I wrote is quoting for your authentication how word to word stock reacted as shared " 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.". See the previous figure at the lower band of white zone three is one small candle Doji type candle which gave closing above the low of the previous white candle. That I explained in point no.1 of the previous post and quoted above. See how price takes my words to move the next day. The purpose is to authenticate my statements is to motivate you all to learn this unique language and Grow in your life. In my 14 years of the journey when I learned you all can learn if that sort of hard work anybody can put.
2. In point no 4 of the previous post I clearly mentioned is quoting for as proof of my statement " If price takes out on 4 hrs time frame the upper pink line then the price will move to a red color upper line." You can see priced reached red upper line. This is how I manifest my trades before any moves. Proving in every post in the form of my conditions. The trading view is full of my record of 185+ posts in a short span of three months.
Trade Plan For Next Week
1. I made a yellow zone If the next session price sustains this then get chances of going up will remain intact otherwise price can go to pink zone.
Here one condition is to be followed carefully is of the sustainability of price in a yellow zone does not mean that price is ready to cross the red upper zone. if sustains then the price will move to the upper red zone. But until it takes out in both time frames It will not achieve next target of the white upper line.
2. Those new to read my blogs for them I write taken out condition it is essential to get cleared all concept of this condition. otherwise, you will not able to take the correct decision for your trade." 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. "
3. In any case, If the pink zone is taken out in both time frames then the trend will reverse to the downside. Those holding long should clear their position when you find the price has breached the upper band of the pink zone in 30 min and do not come back in that time frame. That would be a safe approach. You can enter longs again if the pink color zone taken out condition get failed. The rest price will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
TataSteel -Playing The Wedge(Holding Above 337 look for 343/348)Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
Plan A -
Buy strictly above 336-337 ( Strict Stops Below 336) for Upside Target 343 & Above 343 for 348
Plan B-
Sell Later close from 348 Highs - Target Downside - Target 1- 328 / Target 2- 312 / Target 3- 300
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Last Tata Steel Wave Count on the Larger degree
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Thanks & Regards
IS MARUTI READY TO CHANGE BUY MODE TO DOWN SIDE OR RANGE BOUND Hi Traders,
1. On 14th June 2020, I mentioned in that post is quoting for your consideration " I circled the candlestick 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 the price make it comfortable by coming to the 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 the price gets activated on the next day by closing above a bull candle. Here is also a problem If the next day is also good momentum day to the upside and take price away from the upper end of the 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 a red dotted line. Once price will stable upside then in next week lower end of the white zone is my target." . You can see word to word if you match the movement of this stock you will find the same. I told to let the price gets stable then buy, do not jump aggressively. See price took two days to get stable by making two Doji then on the third day started the rally. As shared lower end of the white zone is my target. That has not been achieved. To understand this quotation with current pice, I set a previous chart for comparison.
2. In the current fig. price is at the blue zone if the lower band is taken out in 4 hr time frame then it can go into a red dotted and blue dotted line zone. Positional orders should hold their positional long until this zone is taken out in 1 hr taken out.
3. On the contrary, if the price is taken out of a yellow dotted zone then it can go to the upper end of the red channel upper band. This would be the final target of this stock.
4. On the other side, If the price takes out of a lower blue and red dotted zone price will come to the red lower zone.
5. In any case, If the lower red zone is taken out in the 4-hour zone time frame then uptrend will change to the downside. Those who are new readers of my blogs for them I share taken out condition how to implement 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. . The rest price is supreme.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This is for educational purposes only.
ICICI BANK SHOWING WEEKNESS IS IT TRUE OR TRAP ? SEE YOURSELF !Hi Traders,
1. A few weeks ago I mentioned in this stock showing variation of harami pattern which took its price to the upside but not at the blue zone as a target. What I wrote is quoting for your consideration " In the last post of this scrip I mentioned is quoting "in hdfc little confident to go upside but here this gives me an 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 a 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 a little more confident when the upper yellow line is taken out in 1 hr time frame with the first target of upper red solid line and that is also taken out on 1 hr time frame then blue zone lower band." . You can see every word of June 16 post was seen manifested in this stock. As soon as a yellow dotted line in upside crossed it gave good rally to the recent upswing. In the condition I wrote, I am not bearish the same seen last week. There are more than 168+ post Go and search in any post I dropped my consistency of catching sentiments with the market.
2. As soon as the condition fulfills any side price complete its target. On the other side, conditions fail then save you from a big loss. This is how trading can be done. To understand my conditions base I write for new readers and followers. " 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. "
3. To understand the current fig . with the previous update compare below fig. with the above current one.
4. In the current fig. I circled two patterns in different colors showing two same sentiments but from different perspectives. The green circle shows an evening star pattern that was tested the same red resistance and gave a good short move to the lower red band of this range. Where the harami pattern was made with a variation discussed in the last post. And gave upside move to swing high. There it formed a bearish engulfing pattern but with a long bearish candle which I feel is not a perfect pattern even not activated till yet. So I feel not work effectively till price breaks the lower red solid line.
5. It may possible that the price will show jerk to the downside and may recover in 1 to 2 hours. On the contrary, If the price takes out a lower sold line in 4 hr time frame then the trend will reverse to the downside with the target of the white upper end to the lower zone. Three arrows showing different conditions upper green means upper condition gets activated, median green means red zone condition not activated and a red arrow means lower zone gets activated. The rest price will decide.
YOGESH VATS
Disclaimer:- All positions should be taken from consulting your financial planner. This is pure educational proposes 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.
WILL HDFC CHANGE ITS BUY MODE TO SELL SEE YOURSELF !Hi traders,
last week I mentioned in this stock is quoting for your consideration " As soon as trend progress, my analysis moves 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 the 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 the white dotted line." . You can see price moved to the white dotted line target achieved. The red dotted zone remained intact and priced moved up. When this movement started I informed by highlighting the white circle pattern that is bullish harami. What a move Hdfc gave to traders in the last ten days. Every bit of movement was covered in two analyses in a week. you can see fig below of the previous update and compare it with today's figure.
Trading plan of next week
1. I made one red dotted zone till this is not taken out in 4 hr time frame positional long will validate with the target of red channel upper band.
2. On the contrary if red dotted zone is taken out then short with the target of the yellow dotted zone. This zone might act as a halt for consolidation and the trend might resume to a red solid line down.
3. Upside if the price breaks the red channel band then the blue dotted line will act as tough resistance. So try to see a short set up. Positional long shorts use red and yellow dotted lines as a stop-loss point.
4. Taken out condition 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.
The rest market will decide.
YOGESH VATS
Disclaimer:- All positions should be taken with the consultation with your adviser. This all is for educational purposes.
AXIS BANK SHOWING WEAKNESS WILL IT CONTINUE OR TRAP SEE YRSELF!Hi Traders,
In the last week's post, I mentioned in my statement point no . 2 is quoting for your consideration " Next leg of the move will start only when green dotted line and the solid zone is taken out in 2 hrs time frame. Otherwise, the price will move into range-bound trade between upper green and lower green support." . You can see taken out condition is partially fulfilled in 2 hr but next day but not the next day. 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. please see the fig of last week and compare it with recent this week's move in the above fig. You will realize how the level of trade was manifested last week.
Trade plan for next week.
1. In fig, see the bearish engulfing pattern it has got activated the next day too just below the green arrow. Therefore positional long be care full about your positions. If price takes out in 4 hr time frame the taken-out condition then exit immediately. Because will travel to lower red and gene zone in the coming days.
2. On the contrary, if price invalidates the taken-out condition then you can see price travel to zone 1. The rest price will decide.
YOGESH VATS
Disclaimer:- All positions should be taken on the advice of your financial planner. My work is purely for education 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.
NIFTY 50 STOCK YOU CAN SEE HERENSE:NIFTY
NSE:ADANIPORTS
NSE:AXISBANK
NSE:CIPLA
NSE:TATAMOTORS
NSE:TATASTEEL
NSE:TCS
NSE:HDFCBANK
NSE:HDFC
NSE:ASIANPAINT
NSE:BAJAJFINSV
NSE:BAJFINANCE
NSE:BRITANNIA
NSE:BHARTIARTL
BSE:COALINDIA
GAIL
NSE:INDUSINDBK
NSE:ICICIBANK
NSE:IOC
NSE:ITC
NSE:WIPRO
NSE:JSWSTEEL
NSE:DRREDDY
NSE:HCLTECH
NSE:INFRATEL
NSE:INFY
NSE:RELIANCE
NSE:KOTAKBANK
NSE:LT
NSE:TECHM
NSE:M_M
NSE:NTPC
NSE:ONGC
NSE:ULTRACEMCO
NSE:VEDL
NSE:ZEEL
MAXIMUM STOCK HERE ARE AT SUPPORT TILL 2 O CLOCK
EDUCATIONAL VIEW ONLY
Glenmark is displaying a strong trend which is also preconfirmedGlenmark is holding a strong position which is following its prior application. The trend confirms the prior analysis and is following the pre-established
the trend of the past.
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.
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.
IS ASIAN PAINTS READY TO SHORT FLY OR LONG OR FALL !!Hi Traders ,
Two weeks back I posted the coming move in this stock where I shared some conditions to watch and trade . Let us see where these stand today. In point no. 3 what i wrote is quoting for your consideration " there is one dotted red line if this line is taken out then full satisfaction of down trend will emerge . you can see this is not taken out yet so chances of going down has not emerged. In point no.4 "see up move in green circle showing price increase where as volume decreasing. so this up move can be pullback." Point to be noticed is divergence in volume and price result into decline of price that is circled in white. That is why I said this up move a pull back. But here new question arises if it is so then red dotted line should be taken out to resume down trend. But without reaching to that level buying seen with good volume. Has price ready to move up . see if the yellow dotted trendline is taken out on 2 hrs chart then first clue of going up will be confirmed then one has to plan his/her trade finding buy set up on lower time frame of 1 hr, with the target of red zone. Once your sl hits then do not try again in this scrip. after crossing blue zone the probability of going up will increase . This is weekly trade once completed search other. Rest market will decide.
YOGESH VATS
Note - All trading should be done by consulting your financial advisor.
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 .
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
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
IS SUN PHARMA READY FOR RALLY SEE YOURSELF !!SUN PHARMA PRICE ACTION FOR COMING DAYS & MONTHS.
1. I made a green color circle showing a n evening star pattern. Since it is activated now , will it has potential to move price down or it has lost its effect. See when a pattern appears on chart and if gets activated then no body can predict how far its effect travel to . Same is here, I made a green dotted line as soon as it breached on daily basis and close above green dotted line those who are shorts should logically leave their shorts .
2. On the other hand if price take out white solid trend line to down side then one should leave longs. Then next target would be red dotted line. It means the effect of an evening star is still going on. Always read candle sticks in this way.
3. As far as white solid line is not taken out I am bullish on this stock. Those who are long in this scrip can hold but follow the exit condition strictly. New entrant should wait for red upper zone to breach only then long can be initiated by keeping sl of this zone. A good move can be seen in this scrip if red zone is breached upside to first halt in form of white dotted line.
4 . There price can pause sometimes and will resume it journey to blue zone.This way I manifested the whole trade of sun pharma for traders . Now come to investors . They should invest 30% capital here and if any circumstances price come to red dotted line and this line is not taken out down side then can invest 50% here. The chart speaks like this. Rest market will decide.
Note. All trading positions and investing should be taken on advice of your financial consultant.
YOGESH VATS
