Get started

Supply_and_demand

Top and Bottoms: Price and Volume IndicationsHi, I personally look for following scenarios while identifying potential tops and bottoms and it works most of the times. For tops: High volume bars with very little progress on the upside Exceptionally wide bars with very high volume For bottoms: High volume bars with little progress on the downside Exceptionally wide bars with very high volume This might sound confusing at first instance but it’s a very simple concept. Let us understand with the help of an example. Adani transmission had a very sharp rally of 125% for approx. four months. But let’s see how this rally ended. Notice very high volume indicating too much effort but the day had very little progress on the upside. Have you ever thought why this is so? Obviously due to sellers. Someone is stepping on it selling huge in a euphoric rally. This weakened the stocks. Immediately after few days of this candle the stock made new high accompanied by a Doji. This is the first day in the entire 4month rally that it had a very high volume on a red day. Remember, we already had a weakness discussed above and this one was just a timely addition to this. The stock lost buying interest after these two events. What may happen if buyers are not interested in a stock? Selling, right? Unfortunately, the reaction was very sharp and halted near a prior resistance level 3000, which is also a 50% retracement of the 4month rally. Notice very high volume which I have labelled as stopping volume. Wide candles and huge volume again stopped the bearish rally. I won’t buy high volume down bars unless they are tested which it did with a lesser supply. It means that most sellers are out of this stock and not much selling left (at least for now). The stock has since been trading in a range of 300-400 points. This strength (retests and hold) discussed above may hold the stock above 3000 for a push on the upside. Do not consider this as a tip. This is just a concept that I wanted to share. Please apply your due diligence before hitting the buy button 😉 Thanks for reading Now you know what do..hit 🚀🚀🚀 and enjoy trading.
NSE:ADANIENSOL
by Bravetotrade
17
Fin nifty Intraday levels for 03.11.2022Resistance level:18613.20 Support level : 18540.15 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance *** For quick scalping use 5-minute time frame ***** Note: Pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:CNXFINANCE
by AATHIE
1
NIFTY for upcoming week (31 Oct,22 to 1 Nov,22)Nifty is steadily moving upside with vix also dropping near 15.5 which shows that there is high optimism and stability in market. Now for this week we have lot of events such as FED meet and surprise RBI press conference. So if there is any unfavored announcement in both of these events then vix would shoot upside to 17-18 range. And that would be the indication of fear in market. Now also nifty is near its resistance range of 18015-85 and at the upside of parallel channel in 30 Min TF. And below we see some support levels of 17775-17800. Thus I'll play my trades according to these levels with caution on downside now. or even avoid trading totally till the event gets cleared. Happy Trading :) Disc: Chart posted only for learning purpose.
NSE:NIFTY
by architk
NIFTY for upcoming week (10 Oct,22 to 14 OCT,22)Here this week nifty again recovered back from week's low of 16900 and reached 17400 on thursday i.e., on expiry day but couldn't sustain above that, and then gave a mild close in red the very next day. Now for next week we got some new levels for market to test that is the major gap that formed(17147-16887) might be tested week. And further with results season has started we can expect some wild swings on the days of major companies result day. I am expecting a choppy movement inside the supply and demand zones marked. Happy Trading :) Disc: Chart posted only for learning purpose.
NSE:NIFTY
by architk
Clean science is at juicy levelsClean science been consolidating for about 2.5 Months now and gave a real good breakout from a range in inverse head and shoulder pattern formation. The prior downtrend shows that there is consistent pressure from sellers but a turnaround after consolidation shows that bulls taken charge again. Also the big 200MA also taken out by bulls. The only concern here is that breakout volume is low. So say, if in upcoming weeks the volume also picks up, then we can enter at value levels of 1800 and around it. Happy Trading :) Disc: Chart posted only for learning purpose.
NSE:CLEANLong
by architk