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IOC LONG-TERM BET, PRICE-ACTION,VOLUME PROFILE 1WDisclaimer-: 1. Long-Term Bets can be solely made from technical analysis if done correctly. Nonetheless this can be used in combination with Fundamental Analysis. So readers feel free to comment fundamental ideas if any, either in support of long or short, both will be highly appreciated. 2. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 3. Do ask your questions in the comments if any. Firstly During the violet region IOC went up. Since this was a smooth up-move with almost no sideways region in-between the move until it reached the all time high 224 level. After which it stayed for a prolonged sideways (distribution) and then fell smoothly but very significantly for a long time. Volume Profile -: can be used to identify potential support and resistance lines. So by using TRADINGVIEW PRO FIXED RANGE VOLUME PROFILE. I tried to identify all the important levels (resistance) while the stock was falling. Moreover when volume of historical price levels is compared to current ones we can identify probable accumulation or distribution regions and enter before the big move happens. IMPORTANT OBSERVATIONS 1. Current Volume is very high compared to previous volume when the stock was falling. This signifies current region is important and breakout from this region will give a strong up-move. Moreover current movement is in the form of up-sloping channel so definitely an accumulation is taking place. 2. Above 108 level the volume at prices is relatively low which means there are insignificant or weak resistance levels. That means once NSE:IOC breaks out of 108 or 148 level we should expect a strong rally with less and weak obstacles(resistance). 3. We need to consider the volume from only 24Apr-17 to 9Mar-20 because thats the time when stock was falling. TARGET WITH LOGIC 1. Since the all the time high level, 224-230, stock has been falling with very low volume . While now the volume of accumulation is too high, so there is a high chance it can reach the all-time high. Moreover it might even go more than that, but it depends what happens after the breakout. ENTRY 1. Entry above 108 level at CMP is good enough since 108 was one of the resistance levels. But in this case stop-loss should be placed conservatively at around 71 level. Since it is a long-term bet, placing tight stop-loss is like deliberately inviting failure. So a conservative and wide stop-loss will be better. 2. Another way is to enter after 140/148 level breakout for those who want extra confirmation. 3. Third and always the best way is position sizing. Enter partially now and add more with confirmation. *STOP-LOSS should be trailed as per your strategy. One of the best is to trail with Moving Average in 1D timeframe with ATR( Average True Range ) as a buffer. EXIT Sometimes we have to exit before target is reached if there is bearishness. Following can be the clues of bearishness-: 1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO LIKE AND FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. NSE:IOC
NSE:IOCLong
by VPA_TRADER
SRTRANSFIN ACCUMULATION 1D PRICE-ACTION-VOLUME-PROFILEDisclaimer -: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. NSE:SRTRANSFIN used to consolidate for a very very long time between 700 and 1300. After the rally since last year we can see currently its in a sideways region. This could be accumulation or distribution. We are not sure yet. But chances are high it is a small pause and a small accumulation region. Nonetheless confirmation is absolutely essential. 1500 and 1265 are important levels within which the sideways region is currently in. Breakout with high buying(green) volume will confirm accumulation and the opposite could signal possible distribution. Volume Profile -: ACCUMULATION REGION: Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. 2. If the current volume is low, its mostly a pause before the trend resumes 3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case IMPORTANT OBSERVATIONS 1. From 17Mar-20 to 30Oct-20 A Nice accumulation took place in the rectangular region with ample of volume. 2. Then rally happened with in between small pause where accumulation happened since in those small pause green volume was more than red volume (more buying than selling). 3. Now its in sideways but with very low volume compared to historical accumulation. So there is a high chance that its a brief pause and soon it will breakout and resume the trend. TARGET WITH LOGIC Mark the brief pause that happened between 22nd Nov and 23rd Dec (2020). The volume at that level is comparable to the volume at current level. Two things can happen 1. It breaks out with this amount of volume. In this case, it makes sense to assume a rally to be little more than the rally since 23rd Dec 2020 level since the accumulation volumes are almost same. So i used a Fib Extension from 23rd Dec 2020 and marked 168% as target level. 2. It continues in this region for a long time. Then afterwards if it breaks out we have to consider rally to be much longer because the accumulation now is much stronger. I will update target level with image if that happens Entry Wait for a breakout above 1537 level with high volume, 1D, closing at 320PM and then take position. I will update here before or during possible breakout. You may use breakout above 1537 + ATR(Average True Range) for additional confirmation. -> The best way to enter would be to partially after breakout and the add after (throwback + continuation). i will update when addition can be done. STOPLOSS Best to place stop-loss at or below 1276 for conservative approach. Then trail as per your strategy or best use MA in 1H or 1D timeframe with ATR Buffer. EXIT Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals. 1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit Note-: This analysis is for NSE:SRTRANSFIN to be put in watchlist not immediately taken position in. **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO LIKE AND FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. NSE:SRTRANSFIN
SLong
by VPA_TRADER
INDOCO REMEDIES - Medium Term StudyChart Structure: - Broken out All-Time High (of 2015), pulled back, consolidated a bit, and now ready to go up. - Price in an uptrend since July 2020. Volume: - High volume deliveries this week. Up to 12.41 lac shares were delivered yesterday, whereas average deliveries are 1.23 lacs. - Yesterday saw the highest delivery of shares in recent times. Relative Strength: - Stock become RS+ on 19th April and continuously outperforming Nifty as well as Midcap since then. - Spread chart breakout happened yesterday. Financial Highlights: - Net Revenues saw 29.3% jump in QoQ & 43% YoY. - PAT increased by 59% QoQ & 130% YoY. - Co. is continuously increasing its revenues & profits at a medium pace, which tells us the financial health of the company is sound. - Indoco's Defensive & Enterprises EPS are also been positive throughout the years, which tells us that the company is able to sustain itself without taking any more debts & they are able to monetize their current expenditures for next few years. About Indoco: About Indoco Remedies Limited: Indoco Remedies Ltd., headquartered in Mumbai, is a fully integrated, research-oriented pharma Company with a presence in 55 countries. Indoco, a USD 166 million Company, employs over 6000 people including more than 300 skilled scientists. The Company has 9 manufacturing facilities, 6 of which are for FDFs and 3 for APIs, supported by a state-of-the-art R&D Centre and a CRO facility. The facilities have been approved by most of the Regulatory Authorities including USFDA and UK-MHRA. Indoco develops and manufactures a wide range of pharmaceutical products for the Indian and international markets. It generates more than 70 million prescriptions annually from over 3,00,000 doctors belonging to various specialties. Indoco has 9 domestic marketing divisions with a strong brand portfolio in various therapeutic segments. Indoco has tie-ups with large generic companies across the globe.
NSE:INDOCOLong
by AmanSaraf
RELIANCE Short. Trying to get back into the long term channel. Reliance is moving in a cyclical pattern since it made ATH. What must be done? I'll answer few of the queries regarding this stock. From 2009 till 2017, this stock was flat, trading inside a horizontal channel (not visible in the chart). After 8 years, it made a move, and from 2017 till 2020 it followed an ascending channel (shown in the chart). In 2020, it broke this channel twice on both sides. Currently, after making the exceptional up-move, due to continues news flow (and excess liquidity, of-course), it has been testing and bouncing form the upper-band of the long term ascending channel. It has tried twice to break and get inside the channel. Rest of the things, the stock itself is telling the story. Long Term View: For all those who missed and waiting to enter for long term investment, the best price and time will be when it will test the lower band of the ascending channel. Will that happen? In my opinion, yes, it will break the upper band and come inside the channel when it will test it again for the third time. Generally (not always true), any support or resistance is broken on the odd attempt. This is an ideal scenario, when there is no new flow, else it might again bounce from the upper band of the channel. Short Term View: In short term (4-12 weeks), this seems bearish, not only because of all the reasons I explained above, but also because of the depleting RSI on the weekly time frame. The exuberant mood has pushed it to trade at current level, but we know everything gets normalized with time. Very Short Term View: It should come to 2005, if the weekly candle closes below 2070 this week. The two recent downfall, and the Fibonacci extension suggest that 2000 level shall be tested in 1-3 weeks, if that breaks, then 1960-80 (the variation is because of unknown time factor) will act as a support (upper band of ascending channel), if that also breaks, then 1930 will act as a support. This short term idea shall be considered invalidated, if weekly candle closes above 2120. Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision. If you like the idea, be generous to like it, and share it with others. Comments and Criticism are welcome.
NSE:RELIANCE
by UnknownUnicorn24887800