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Trendlinestrategy

How to Do Swing trading in Axis Bank✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :) ✺✺ Target: 1000 Followers ✺✺ Chart Type: Trendline broken with consolidation on it, also a supportive trendline was there to hold the stock furthermore, n number of confluences predicts the bullishness of Axis Bank here, A simple trade would be: To go long next morning with a proper risk and reward management as per you emotional and financial quotient and size respectively, Banks seems bullish for a while to me, also do your analysis to indicators or whatsoever to predict and boost your analysis skills :) Min Target according to me = 800, lets see what happens at 800 :) ✺--------------------------- Motivational and psychological area ✺ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ 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 :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<< Thank You Have a Nice Trading Day >>>>>>v
NSE:AXISBANKLong
by Averoy_Apoorv_Analysis
2
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
NSE:GRASIMLong
by VPA_TRADER
5