Trend
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HDFC respected the trend line 1) short term trend line breakdown
2) it is sideways in medium term
3) short term trend is negative
Respected the trend line we ploted even when the nifty is making all time high shows that it is not participating in the overall market rally
price action of MATIC / POLYGONits just an educational purpose and sharing the idea of price action and trend analysis method of matic.
ASTRAMICRO [trend continuation][breakout]intraday and short-term view : the stock is seen building up near the resistance with extreme low volumes.
it has been seeing good buying volumes since the past couple of days.
plus the major trend is uptrend.
the risk-reward is quite good.
possible breakout candidate. NSE:ASTRAMICRO
BANKBARODA : Rising Wedge, upside 15.7%Rising Wedge Indicates the distribution phase in Bank of Baroda, In 1H double bottom formation has been formed and lead to fall in price of 82.50. Regardless of strong relative strength throughout technical POV fundamentals aren't good to hold this stock but here you can get 15% in short term.
Upside Entry (breakout): @87.35
Normal Entry: @80.50-@82.50 For best entry wait for higher highs
S.L: It's upon you. But below demand volatility it should be severe to your investment
Points to be Note (Technical + Fundamental)
1. Price is in consolidation phase of 1 Week structure.
2. Price has been broke above the Supply levels and turns into Demand Volatility zone.
3. Relative strength is negative but balanced in uptrend act as a good to buy before volume rocks.
4. Company profit is increased fairly but very poor. Bcz mainstream income is negative and covered by other income to turn into positive net profits, March 2021 is -849 Cr
5. Company is not paying out dividend, but reserves has been increased by 50% in 2020 YOY and 9% in 2021 YOY.
6. Promoters have also pledged their holdings from 71.6 to 63.9%.
7. Cashflow from operation activity is -887 as compare to 18530 Cr in 2020.
Let me know in comment section NSE:BANKBARODA what your views on this?
TRIANGULAR-BREAKOUT-UPTREND-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.
Volume Profile-:
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
OBSERVATIONS-:
1. Triangular Breakout and then resistance at 1024 level.
2. But the recent volume is comparable to the historical volume that accumulated before the long rally happened.
3. So the current could be a consolidation->breakout=long position.
ENTRY-:
Confirmatory breakout above 1024 level.
TARGET-:
Since the expected rally could be as big as previous one since the accumulation is highest in the current region so we aim for at least 100% Fib Ext Level- 1450
STOP-LOSS
865 is the best recent support level tested multiple times. So stop-loss somewhere around that level.
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
**IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :)
**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 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:KAJARIACER
ACCUMULATION-TRIANGULAR-BREAKOUT-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.
Volume Profile-:
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
POC-: The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place.
OBSERVATIONS-:
1. Triangular Breakout and then resistance at 884 level.
2. But the recent volume is comparable to the historical volume that accumulated before the long rally happened. This time its highest.
3. I would bet another round of accumulation is happening. So breakout above 884 level will confirm the accumulation and long position can be taken
ENTRY-:
Confirmatory breakout above 884 level.
TARGET-:
Since the expected rally could be as big as previous one since the accumulation is highest in the current region so we aim for at least 100% Fib Ext Level- 1270.
STOP-LOSS
784 was a short-term resistance level. So somewhere below 784 would be a good stop-loss. Keep trailing stop-loss
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
**IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :)
**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 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:ADANIPORTS
NBCC FALLING-WEDGE-BREAKOUT 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.
Volume Profile-:
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
POC-: The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place.
VALUE REGION-:
The violet region highlighted in volume profile is called value region. This is where 70% of total volume of the volume profile lies.
It means this region has value so, many transactions took place.
Firstly-:
NBCC fell steadily and nicely for a prolonged time in a wedge like formation (triangular). Recently Falling Wedge Breakout has happened. Moreover price has been rising in a small up-sloping channel making higher highs and higher lows.
In wedge pattern the trend lines have been tested at least 3 times. So the breakout is strong
IMPORTANT OBSERVATIONS-:
1. Recent Volume is extremely high as compared to volume when stock fell and since the price is rising making higher lows so definitely its an accumulation and soon there will be breakout and uptrend.
2. The upcoming region 50-70 has relatively high volume. This means the stock may stay there for a while or within that level it might face multiple resistances. Moreover 50-70 was previously an accumulation region.
3. But above 70 level volume of stock falling is very very low which means there is weak resistance. So once the stock breaks out of 70 level it might smoothly move upwards.
TARGET WITH LOGIC
1. Since the all the time high level, 146 NSE:NBCC 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.
ENTRY-:
1. A risky entry would be above 50 level since 50-70 is in value region, so stock might face multiple resistance , or it might stay there in sideways and you want have capital appreciation
2. A better entry would be confirmatory breakout above 70 level since its a very strong resistance level and its less risky.
I will update here when breakout happens
STOP-LOSS
If your entry is above 50, 25-30 is a good stop-loss region. If it is above 70, 50 would be conservative stop-loss.
Stop-loss is deep but if your expected return or target is high, you have to put conservative stop-loss to avoid being stopped out unnecessarily. Since its a intermediate-term swing trade, a conservative stop-loss makes sense.
**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
4. If you want , you can keep a target level lower than the all time high and exit at Target. Possible levels are 100 and 120.
**IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :)
**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 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.
GRASIM ACCUMULATION BREAKOUT 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.
Volume Profile-:
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
POC- : The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place.
Firstly
GRASIM has been rallying since a long while. With a hell lot of green volume it has been rising. Recently it took a pause to consolidate.
Now a consolidation can be either accumulation or distribution.
We observe the recent consolidation volume to be the highest since the rally began. So it is either accumulation or distribution.
But I would bet on accumulation because-: (refer to point 2 in volume profile)
IMPORTANT OBSERVATIONS-:
1. The consolidation happened in an up-sloping, triangular manner i:e higher lows and faced resistance at the same 1500 level 3 times making the resistance level strong.
2. 3 times tested resistance line was broken with nice volume. Moreover each time it retraced it was on low volume.
This gives us confirmation of an accumulation region along with breakout
TARGET
Now the accumulation has a lot of volume, the highest since the rally started. So it makes sense to assume the current expected rally should be at least of that maginitude.
More the accumulation, greater the strength, so the more the move.
So I used a Fib Extension from the recent accumulation region and a target of 100%(at least)
Entry
Confirmatory breakout has happened but price is still there giving us space and favourable RR ratio to enter. So entry at CMP .
STOP-LOSS
Since we are expecting a nice uptrend to continue with target high enough and again as it is swing trade, a conservative stop-loss will be better
Since 1260 is a nice support levels and just above the previous small, minute pause during 2Feb - 1Mar 2021, so i would prefer the stop-loss around that level.
Keep trailing stop-loss as per you strategy. Using Moving Averages with ATR( Average True Range ) as buffer is one of the ways.
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
**IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :)
**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 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:GRASIM
History Repeats... Live ExampleI'm very excited to share this analysis with you all. Colgate-Palmolive (India) Ltd chart's just made me speechless.
This is weekly timeframe.
I have heard many time in market that history repeats.
And today I witnessed it as I found this.
Same pattern, same formation of trend line,
multiple time "U" shape formations.
The pattern, previous time it took around 2 and half yr..
But this it just one year..
Let's see now how it goes further.
Very excited to watch it's moves.
Every single candlestick trys to say you something, you just need to learn to listen it.
Learning is Earning.
This is not a call, its just for educational purpose.
I like to share like this content and will continue to share my analysis and charts.
Trade setup with fibonacci This setup is on daily timeframe.
Stoploss at 0.38 level i.e. below the resistance line of pattern which should act as support now.
If the 0.61 level is break the we will get the confirmation that the trend is changed.
The uptrend will begin and 52 week high will be our major resistance and the target too.
Because it's 52 week high it's strong resistance,
so to go a little safe I will plan the target little below it.
The RR ratio is not that pretty. It's 1.27.
An example of price action analysis with fibonacci.
This post for educational purpose only.
RELIANCE INDUSTRIES TO FOLLOW UPTREND!!!Hey, Reliance Inds. Breaks The Trend Line And Follows UPTREND.
It Already Hit It's Resistance And Now Goes For The Next One .
Enter The Trade Around 2050 And Target 2120 .
If Some One Decides To Be In Risk,
Can Have A 2nd Target i.e 2200.
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Bullish Setup in CAMSBullish setup in CAMS which is fundamentally good stock and a trendy one for last few months.
If it test the previous resistance trend line then
good buying opportunity with good RR ratio as we can place stoploss below resistance line of
pattern or support line of pattern as per your RR ratio or money management.
This is my own analysis.
Take decision with proper planning and plan everything.
That's very important before taking any action.
“Risk comes from not knowing what you're doing” - Warren Buffett
This post is for education purpose only.
VODA IDEA: BUY ITVODAFONE IDEA has made a falling wedge type pattern on daily time frame and has given breakout from the wedge and has given confirmation of bull run by retesting the breakout zone, so now it is perfectly ready to give a big upmove in coming days . Also it has shown growth in earnings report. Keep accumulating
BUY @ 8.5-8.8
SL 7
TARGET 10,11,12
#KEEPLEARNINGKEEPEARNING
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