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Adani Power: Looking for alternative powerAdani Power CMP 47.35 - We observe a sudden surge in the stock from 34 odd levels to 64 - the red zone has acted as a major resistance zone since 2013 - it again acted as resistance and the stock has tumbled to 47 - this could be a case of pump and dump however at current levels of 47 the stock is at multiple support zone levels - & if the stock is able to hold on to this zone of 38-47, then the chart pattern has a strong probability to go past the big resistance zone around 66 in it's next attempt - once it crosses, doors would open up for movement towards 96 / 115 levels One may consider buying in staggered manner for medium to longer time horizon. Pattern gets invalidated if trades below 34 Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - Do your own analysis and consult your financial adviser if need be
NSE:ADANIPOWERLong
by indiamarketoutlook
DAILY SWING CALL // Thursday 3rd of June 2021 // NRBBEARINGDAILY SWING CALL // Thursday 3rd of June 2021 // NSE:NRBBEARING // This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade // CMP / LTP: 118.9 TARGET: 137+ (15% Around) STOP LOSS: 107 (10% Max) Standard Notes: - Please follow the Stop Loss strictly and preferably on a daily closing basis. - Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved. - Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period. - If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed. Disclosure: I may or may not have a position in this trade. Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
NSE:NRBBEARINGLong
by Amit_Padishalwar
ONGC - PRICE ACTION ANALYSIS💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:ONGCLong
by Averoy_Apoorv_Analysis
4
HDFC bank chart analysis All breakouts and targets are mentioned on the chart. another logic is we are in a bull run & all other has performed well, HDFC bank is yet to perform, dont miss the bull run, be apart of it. Do follow me for more swing & intraday call. if you like my work do cheer me. Also, comments your views on this. all the above analysis is my own, if anybody keeps an different opinion can also share. trade on your own risk, analysis is just for educational purpose. Thank you.
NSE:HDFCBANKLong
by yugant_14
ONGC – TrendLine Beakout on Monthly Chart ENTRY: CMP (126.5) breakout was 121.2 Target1: 168 Target2: 234.4 Target1: 293.25 Stop Loss : 118.8 (Weekly Close). Deep SL 104.15 Will Update Trailing Stop loss whenever required. Duration : 4-5 Years Stock has broken Monthly Trend line which started from Sep 2014. Also last week close was above 121.2 which was Previous Support on Monthly chart same should have acted as resistance which didn’t happened hence script is showing good strength. Heavy Volume also seen last few month, signaling accumulation phase over or almost about to end in this script. Fundamentally Co has good record of making consistence Profits for its share holders. Cash Flow Statement has been consistently growing hence Co is able to give good Dividend over years. Dividend yield is around 4%. Debt to Equity 0.5 times (favourable) Book Value 167 vs CMP 125 (Available at discount) Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position. Please like Share and Comment if you like our work.
NSE:ONGCLong
by SagirKazi
COFORGE, UP-CHANNEL BREAKOUT,PRICE-ACTION-VOLUME,1D,40%For a while now, COFORGE has been moving in up-sloping channel. It broke out of that channel with very high volume and retraced with very low volume and now with higher volume is continuing the move. Volume Profile -: Is used to identify important regions, support or resistance levels. When volumes are compared to historical levels, accumulation or distribution regions can be identified and we can enter before the up-move happens. So in NSE:COFORGE when I put the TRADING-VIEW-PRO FIXED RANGE VOLUME PROFILE I can easily spot the important regions since the rally started. Important Observations 1. Current volume of up-slope channel is comparable to historical accumulation volumes as we can see. So either current region is a distribution or accumulation. 2. To confirm we wait for a breakout above up-sloping channel. Which happened with high volume. Secondly current volume at price has more "green candle volume (blue)" and less "red candle volume (yellow)". So definitely it is an accumulation region and we should expect a big up-move. MY APOLOGIES Sorry for posting this a little late. But there is still plenty of space to enter TARGET Since the current volume levels at price is almost equivalent to previous accumulation level, so it makes sense to assume at least a move of magnitude equivalent to the previous rally. So I used Fib Extension for a min 100% target level. This is a provisional target level, the move can be even more than that since there has been multiple accumulation in between as is apparent in the Volume Profile. ENTRY 3583 was an important level, as per price action(strong rejection marking important resistance level). Entry can be taken at CMP or probable 1H timeframe close retracement towards 3583 level. STOP-LOSS A aggressive stop-loss could be the recent low ie 3205 level but a more conservative one could be 3042. **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 It doesnt make sense to exit at or around target since it is at a all time high and we should hold on to the move as much possible. So following can be the bearish signals to exit. 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 **Whenever you want to use a BUFFER use ATR(14) Average True Range. **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 OR QUESTION ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. **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. NSE:COFORGE
NSE:COFORGELong
by VPA_TRADER
ZEEL LONG-TERM BET, PRICE-ACTION,VOLUME-PROFILEZEEL has been falling for a long time now. Apparently in the form of a Down-Sloping Channel. Recently its rising in an upsloping channel and has given a proper breakout from the long-term downsloping channel. 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 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 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. Above 285 level the volume at prices is very very low which signifies insignificant resistance levels. That means once ZEEL breaks out of 285 level we should expect a strong rally with less and weak obstacles(resistance). TARGET WITH LOGIC 1. Since the all the time high level, 600, NSE:ZEEL 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 easily reach the all-time high. Moreover it might even go more than that, but it depends what happens after the breakout. THREE POSSIBLE WAYS TO ENTER 1. The SAFEST way is to enter after breakout from 285 level in 1D timeframe with stop-loss at 172(aggressive) or 110(conservative) 2. A little aggressive but still profitable entry can be at CMP at around 220-240 level. Because it took support at the lower trend line of the up-sloping channel. 3. The BEST way is POSITION SIZING , You can enter partially at CMP and more after breakout happens above 285 level with confirmation. In both cases it is better to put a conservative stop-loss. **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 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 4. If you want , you can keep a target level lower than the all time high and exit at Target. Possible levels are 400 and 500. **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. BSE:ZEEL
NSE:ZEELLong
by VPA_TRADER