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Volumeanalysis

TATA Steel gives another chance ??TATA STEEL gives another opportunity to missed traders with a beautiful low volume pullback to its breakout point. The first breakout was given on high volume and stop loss has still not been hit. Stock gives traders another chance to enter long with a good risk to reward of 1:2. This pullback seems to be a normal one and no need for more selling to take place, wait for a bullish engulfing or the high of the recent red candle to be taken out for a long trade. Note: More aggressive traders could try entering as soon as the market opens to get an even better entry price. Keep It Simple
NSE:TATASTEEL
by Krish_Kohal
2
SBI to Correct soon.SBIN moved one-way from 440 to 540, resting only once around 500 Now SBI is currently standing at resistance levels, after oneside move, a breakout trade on long side after such rally has the least probability of success. Now as seen SBI clocked high volumes of the 440 to 540 leg at the highest level around 540, this shows supply is coming. Even if SBI breaks out it won't offer much upmove, after around 20-22% upmove. hence will be avoiding new longs, those who already have positions form lower levels can part book positions and hold rest with trailing SL 510. Going into results day where stock has rallied in a particular direction, expecting the momentum to continue has low Reward. Hence a limited upside view on SBIN
NSE:SBINShort
by varadtambolkar
Cup and handle breakout in FCL?Possible Classic Cup and handle breakout in Fineotex Chemical. We can see how volumes have increased near the breakout candle At present Stock has given a strong breakout with significantly good volume. For further strong up move, price has to close above 240. All possible targets are marked on the chart. Maintain strict stop-loss at 203. This is just a view, not recommendation to trade. Do your own analysis before making any investment. NSE:FCL
NSE:FCLLong
by KaravaliTradingZone_Official
2
Have the market aroused the sleeping 'LION' !!!The heading justifies the stock correctly and chart also indicate that lion is ready to roar once again after a pause of 7 months. Here, lion is referred as Balaji Amines who was asleep from last 7 months after steep fall but, now it seems that market has aroused the sleeping lion. Descending triangle was under construction since last 7 months and finally we're witnessing breakout from the pattern with rocket volumes and RSI breakout which further indicates that the sleeping period is over.
NSE:BALAMINESLong
by Chaser30
Identifying traps: Alarming signsThose 2 green bars were of 6 & 8% resp. With no follow through. Price is sideways with major pick in volume, shows strong supply is incoming n those 2 green bars were created to lure Public. There can be a pullback, but it wont sustain. Increasing of volatility is a sign of big move, since 5%+ moves have become normal since mid May 2022. Even a 6% move on 16 May lacks follow through. Stock is nearing a structural breakdown, trading just above congestion zone created just before a big move. Interestingly there is high volume activity just above the congestion zone currently. This can be interpreted as market makers are offloading their stock. Any bounce here on wards will se a sell off. On Lower Time frames There was a failed breakout with high volumes, just above previous day. Again the longs were trapped. To Conclude we may see a sharp decline in coming days, any bounce should be used as exit opportunity.
NSE:PELEducation
by varadtambolkar