Level to watch out : 164 High accumulation followed by low volume consolidation
Level to watch : 580 High accumulation followed by low volume consolidation
Level to watch for 103 High accumulation followed by low volume consolidation
Level to watch out 2580 All time high Relative Strength positive
Analysis : - The stock at resistance zone as mentioned through blue trendline in chart. - It will be a good opportunity for long or short trade as significant volume observed today but with RSI divergence of HH-LL, dicey situation. - Other factor are price above all moving key average. Trade Idea : a) Long : Trendline with volume b) Short : Entry will be...
Volatility Contraction Pattern(VCP) Platform / Launchpad formation Smaller position in volatile market
Bank nifty has been trading in a parallel channel. Whole day the market was trading in a parallel channel just after a gap up and movement in initial 15 minutes. Wait for the parallel channel to break. Hope you see levels and trade with the break out.
hey traders, So today i am seeing a falling wedge breakout which is a bullish sign one can take a trade at current levels or after retesting the breakout 2H/4H chart ADX and RSI are showing strength RED lines are target or as per risk apetite and yellow line is for stoploss Hold for some day LIC IPO can trigger for further upside And before entry do your own...
GOLD: Volatility Contraction Pattern. Looks good one break the resistance level.
Volatility Contraction Pattern(VCP), upmove intact, 600 looks like a resistance.
Consolidation in correction, higher high formation, ATH first target, supporting volume
All time high possible, VCP contraction pattern in uptrend.
RAMKY providing potential VCP setup with proper tight buy point.
Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the...
Happiest Minds Technologies, THE MID CAP IT GIANT which a leading digital transformation technology provider is finally out from the trade to trade segment, the stock has seen a reasonable correction from its highs with improving fundamentals.the volumes are squeezed shows the TTM SQUEEZE ,the stock has formed a triple bottom like structure which is a bullish...
HBLPOWER has formed a nice base with VCP characteristics .It has shown good Relative Strength when market was correcting. It is providing very tight pivot with reducing volume. Entry can be made above horizontally drawn pivot with initial SL at 60 Levels
VCP pattern, Possible breakout to ATH and beyond respecting 200 and 50 DMA
Strong uptrend followed by long consolidation with volatility contraction on low volumes Respecting 50 DMA