IREDA ( going to shoot up ); 2024- best pick; min 100% ROIMay be going to became "Hot stock - 2024"
Fundamentally good stock,
Good For short term/ long term investment in cash market'.
Leave a " Like If you agree ". 👍
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Enter only after breaking & close above " Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Refer old ideas attached below🧲
Follow for regular updates👍
Volumeindicator
CENTRAL BANK OF INDIA DAILY BREAKOUTCENTRAL BANK OF INDIA DAILY BREAKOUT
:: Data Point ::
Breakout Lavel @33.00
1st Target Level @36.00 (April 2019 Resistance)
2nd Target Level @40.00 (Last year High)
Stoploss Level @29.50 (Swing Low)
This is a CUP & HANDLE Pattern. If its sustain above @33.00 then go for LONG.
Volume price analysis & Volume Divergence Cheat sheetWhat makes volume price analysis so crucial?
Volume and price analysis play a major role in trading and investing. Volume analysis helps traders and investors identify whether there is significant interest in a particular security. It also helps to identify potential buying and selling pressure, which can be useful in predicting future price movements. Price analysis helps to identify trends and price patterns, which can be useful in making trading and investing decisions. Volume and price analysis are important tools that can be used to spot trading opportunities and make sound decisions.
2 important things to keep in mind when analysing volume:
1. An increase in volume shows that market players are eager to participate in the developing market activity and want to see the price move higher in an uptrend or lower in a downtrend and are willing to buy higher in an uptrend or sell lower in a downtrend.
2. A drop in volume shows that traders are less interested in seeing prices rise in an uptrend or fall in a downtrend and are more eager to purchase lower in an upswing and sell higher in a downtrend.
Volume Divergence:
It is essential to check whether price and volume patterns are similar when comparing them. In that case, there is a good chance that the trend will continue. A volume divergence occurs when price and volume diverge, which indicates that the underlying trend may not be as strong.
According to my observations, whenever a stock is trading at a high volume, it seems to strongly trend either upward or downward. Here are some important concepts in volume price analysis:
1.When the price of a stock rises with increased volume, it indicates that the bull trend is stronger and buyers are interested, and this is a trend continuation signal.
2. If the stock price rises but volume decreases, it indicates that the bull trend is weakening and may reverse, and buyers are not interested. Price and volume divergence suggest a trend reversal.
3. If the price is falling while the volume is increasing, it indicates that the bearish trend is quite strong and sellers are active.
4. if the price is falling and the volume is decreasing, it indicates that the bearish trend is weakening and will soon reverse, signifying divergence between price and volume and a trend reversal.