UPL(United Phosphorus Ltd.) has been declining over the past few sessions & has recently entered a supply turned demand area on weekly timeframe
Earlier in 2021, 650 was a key resistance and later on we saw a momentum filled breakout with high volumes after which the stock has been consolidating since then. For now 630 seems to be a good accumulation level as it...
Raymond Ltd is exhibiting a triangle pattern, accompanied by a value area that helps maintain a balanced supply and demand dynamic.
The level of 1610 holds significant importance for bullish investors. A successful breakout above this level is expected to propel the price toward new highs. Traders may consider setting their target price as high...
CPR Indicator helps you analyze the market in a very simple and effective way. No complex formula or analysis is required for market analysis.
Here we can see that with the help of Leega CPR indicator we can clearly identify key areas for trading on the chart, like Virgin CPR, Narrow range CPR, PDH reversal and Value Area identification. If we are able to mark out...
Bajaj Finance in overbought zone on the topside of the value area with several tops forming and a struggle to break above the zone even in a trending market.
After a mini-bull run, if Nifty falls as per my analysis, this could be one of the first contenders to crash.
Obviously, if analysis fails, then it could breakout and go up. But with weak volumes in the...
Why is this consolidation probably different than the previous ones we've had in the past 7 months?
1. For the first time, we broke out of a consolidation to the upside in a while, with little or no resistance above this consolidation (little to no value from CMP all the way to 30k).
2. Bounced off of untapped 17-20k demand cluster confluenced with previous...
After making high of 66336 bitcoin started the down trend and broken the recent support zone of 40000-40250,
next value area for btc will be 32000 to 31990
MACD has crossed the zero line indicating bearish signal
RSI has entered the oversold zone
as per VOLUME bears are more dominant then bulls
Cryptos are most volatile assets i switched to EMA 400-500 band...
After a profit booking and consolidation, Adani Enterprise is looking good for swing trade. It also shows a narrow value area which usually suggests a trending session. So look out for it.
Comment down your thoughts.
JK Tyre and industries have given a breakout of pole and flag pattern and also has a "narrow monthly Value Area". So we can expect a good move upside if the market remains bullish.
Comment below what do you think of this analysis.
right now i am waiting for my order to get hit and try to trade it back up. if my order do not get hit from my Gartley Harmonic + nPOC + VAL ( Previous range Januari) , i will enter when we reclaim the purple weekly level i marked out. if i get stopped out of my trade i will look if 30k ish Daily level holds and if that doesn't hold im expecting way more downside...
Buy At 370 or above
SL - 357 or 1% of your money with proper position sizing.
Reason for the trade: 3 months of accumulation and for the first time price has closed above the green line, hence ready to move out the value area and into markup phase.
Volume was high today meaning big money has already enter and are ready to take the price...
Targets - 340,330 and 310
Initial SL - High of the high bar + one ATR = 380
Entry - Below 357 ( Low of the high bar)
Be Calm and Let price come to you :) Don't ever chase price.
Disclaimer: Author may enter in trade, take your own decision. This is an trading idea not an trading or Investment advice.