Lupin uptrend to sideways Lupin has done Very good correction in this month but the chart looks high slope for downtrend which could sustain as it need to satisfy the
demand and supply . Now its in perfect place for retracement can retrace upto around 975
Golden opportunity for swing trade 2-3 days will do it but followed by strict stoploss
Take position only after getting buy indication form MACD indication in 1 Hr time frame signal
stoploss below todays low 914 ( never take loss more than 1%)
target = > 3.5 % + (idle 3.5%)
# Don't Greed more than this as to go uptrend it need to form "W" pattern so Dont take risk of expecting more
Uptrend
Box Breakout It can give box Breakout for long position....It is also in very strong uptrend
But Rsi is in overbought zone and macd also given bearish crossover.If it gives down Breakout good chance of going label of @3220 to 3180 .
But stay away from shorting because it is in very strong uptrend and it is Against the Trend
It is for only education purpose do self analysis before investing.
Mentorship InstaView 18 Aug’21: Morning shows the Day - Not Here
Nifty View: Benchmark Nifty fails to hold onto early gains with which it opened today’s trade. A classic “Exhaustion Gap” on the 75min chart lead to follow-through selling for the rest of the session. At a close of 16,572 there is not much damage on a close-to-close basis, but yes some sign of slowdown which will appeal to the Bears. The underlying trend is still very much UP and one should not conclude a reversal of trend based on today’s move. 16,500 is of course the obvious level that the market will look for as short term support. Maintain the bullish bias and wait for buying opportunities at supports.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
BAJAJ FINANCE MAKING HIGHER HIGH. LOOKING STRONG FOR UPPER MOVEBajaj Finance Already In Uprend From Many Months, Now After Day Breakout Consolidated Near Sypport Area And Agin Started To Take A Up Move.
higher High Formation Done With Great Volume. Hold For New High.
TARGET SEEM 6420-6500 FOR LONG,
Once close above upper trendline then we can see a big move.
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
WEDGE-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-:
In volume profile we can compare the levels of volume at different price levels historically and current price levels to try to find the strength of current move and strength of the resistance it might face.
If the up-move (currently) and its previous accumulation's volume is very high compared to the volume of its historical resistance level it means we have more strength in up-move and weak resistances can be crossed.
IMPORTANT OBSERVATIONS-:
1. Stock was declining for a while.
2. Gave a nice falling wedge or triangular pattern breakout and started rising.
3. Recently accumulated over a range and then gave a breakout.
4. Has retraced a little with low volume and thus has given us an opportunity to enter with confirmation.
5. The volume of the accumulation level is too high compared to the volume at its all time high, which shows its a weak resistance level and there is a high chance it will be broken.
TARGET WITH LOGIC:
Since all-time-high has a weak resistance we might make a target farther than the all time high.
Since the up-move is strong and accumulation has nice volume. So a Fib Extension target of 168% makes sense since , since the rally started the recent accumulation has more volume than ever before so the current expected up-move should be more than the previous rally. So 168%
MY APOLOGIES-:
Of course the best entry would have been after breakout of the wedge pattern with confirmation but I had not come across the stock at that time due to my negligence.
(See my other recent posts, some of them have recently given wedge breakout with good opportunities)
ENTRY and STOP-LOSS
Entry at CMP above 90 level with a conservative stop-loss at the support of accumulation which is at 65 would be better than an aggressive stop-loss.
Enter only if next time the entry price gives a reasonable RR ratio as per your strategy.
Keep trailing stop-loss. One of the ways is to use Moving Average with Average True Range(14) (ATR) as buffer.
EXIT
IF there is bearishness near the all time high, a trailed stop-loss should be at place and obeyed.
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 trailing stop-loss. Following can be used as exit signals or bearishness signals.
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
**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 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.
ACCUMULATION WITH PRICE ACTION AND VOLUME PROFILE Disclaimer-:
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-:
Can be used to identify potential accumulation or distribution regions. If the volume of opposite trend is low then we will face less barrier to our current trend.
POC-: Point of Control- The red line is where the maximum volume is accumulated.
OBSERVATIONS-:
Stock fell in a drastic downtrend, formed a narrow wedge->broke out and then uptrend started.
While the uptrend several accumulations have happened. Current region is also an accumulation, but a breakout will confirm.
The volume above 2500 level is very low which means we will face weak resistance so there is a high chance the stock will rise to the levels of 4900- all time high.
ENTRY-:
2512 confirmatory breakout
STOP-LOSS-:
1948 is the support of the recent consolidation
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
**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:HEG
HDFC READY TO CONTINUE ITS UP RALLY AFTER A PAUSEBUY HDFC ABOVE 2685
SL 2620 DAILY CLOSING BASIS
TGT 2870 / 3500
REASON:
1> Long Consolidation Break Out after an Established Uptrend
2> Consolidation Resistance Level has been already retested
3> RSI Sustaining above 60 Level
4> Good Expected RR Ratio
Mentorship InstaView 10 Aug’21: Short term Trigger Defined
Nifty View: Benchmark Nifty index continues to show volatility as the index dropped sharply in the latter half of today’s session to test 16,200 again. Now with the recent 2-day volatility, one thing is certain - the short term support range of (16,150-16,200) is an important one and one can expect follow through weakness once this range is decisively broken. Till then we should not question the underlying trend and continue with a bullish bias.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 09 Aug’21: Volatility is Welcomed
Nifty View: Volatile trading session for the benchmark Nifty in today’s trade. The index oscillated within a range of over 100 points to close with a gain of just 11 points leading to a Japanese candlestick pattern which is known as “Spinning Top”. The underlying trend of the market is still very much up and resilient and considering the one-way rally that we had last week such consolidation with a dash of volatility is very much normal and also welcomed. It makes sense to continue with the bullish bias on the overall market and look to buy price dips. As long as the short-term support of 16,100 is not breached it is advisable not to look for short trades.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 06 Aug’21: Break without much of a Breakdow
Nifty View: Benchmark Nifty decides to take a breather in today’s session, which is reasonable considering we had one big breakout to new life highs this week. At a close of 16,267, the index has just marginally slipped from its weekly high - a sign of short term consolidation and to gain some momentum headroom. The index is in a strong UP trend across all time frames and a short term correction should not be discounted. The first level to watch for is at (16,150-16,200) and then the psychological level of 16K. As long as 16K holds, one should continue to stay bullish and look to add both pullback and breakout long positions.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 05 Aug’21: Time to Slow Down
Nifty View: Optimism continues as the benchmark Nifty extends the recent breakout with another positive session in today’s trade. So far this week, the index has gained over 520 points or 3.3%. And not only has it broken out to a new life-high, but it has also managed to do that with ease and held well without slipping down. Now at today’s close, a look at the intra-day charts do suggest some price-momentum divergence. Do not misunderstand these divergences as a sign of trend reversal. These reversals can also lead to price consolidation. Short term level to watch for is the range of (16,150-16,200), wherein we have a rising gap. Expect the underlying trend and momentum to continue and so short term traders should look to buy on dips.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 04 Aug’21: Party Continues
Nifty View: Buying momentum continues as the benchmark Nifty extended yesterday’s up move with another 114-points gain in today’s session. Most of this gain came in from the very opening hour, post which the index essentially consolidated its gains. Good to see participation coming in from heavyweight sectors like Banking and Financials. The underlying trend is UP and resilient and unless we notice any sign of buying exhaustion or topping out, let’s maintain a bullish bias and look to buy on dips.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
HDFC - Possible Swing Trade SetupCurrent price action is consolidation within uptrend. Now, the price action tested the previous support, failed to break it and now it may swing up to test the resistance range in coming days. It seems like a good swing trade setup.
Double Bottom: Bullish Move in EtheriumAs per my last analysis, etherium has broken the 2400 resistance.
The price pumped almost to the 2700 mark before falling down for a sharp correction.
Meanwhile, you can see a double bottom pattern forming on the daily chart as well as the one hour chart.
This signifies a major upward movement with a potential of breaking out the 2900 level which has been the ATH for some time.
The ema at 2400 level which can be seen on 4 hour time frame is confirming that price won't fall below 2400, hinting the upcoming trend.
Now, it is difficult to time the market, but next few weeks seems to be promising, if no major manipulations occur.
Bitcoin going to testing it's daily resistance, could it break?Technical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Once Again Bitcoin Bulls Are Back in Town, Daily MA50 got Cleared & turned into Support.
At the Moment, Bitcoin bulls are testing the Key Horizontal Resistance 41k, If Daily Candle Closed Above the 40.6k(Daily Resistance), Next Would be 46-48k Resistance Area.
In Worst Case, In Case of Rejection, Bitcoin Might Retest the MA50 (34.4k) then it will go upto 31k(Daily support)
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Continuous in UptrendStock in uptrend since listing cause the fundamentals are very strong
and growth is very much impressive.
Future is bright fundamentally and so that looks technically too.
Let's see does it give breakout or breakdown.
The only one thing that is the wicks upper side in current pattern are long.
That should be also considering point to took a trade.
Even if it gave breakdown, the major support line is near so a pullback will also come soon so not to worry a lot.
It will be amazing if gave breakout.
Let's see.
This post is for information purpose only.