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Volumepriceanalysis

SBI Cards - 8mth VCP [Reading weekly Price-Volume Action] BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:SBICARDLong
by raavigeorgian
IBULHSGFIN LONG POSITIONAL/SWING TRADE In depth price action analysis : 1. Indiabulls Housing Finance seems to have found a bottom after the covid crash in March 2020, forming an ascending triangle ever since, and recently giving a breakout with decent volume. 2. There has been an increase in volume not seen before post 2020 suggesting interest in stock. Currently price is retracing back to support zone. 3. The pullback in price has decreasing volume compared to the breakout volume suggesting that this is possibly not a throwback into the triangle, but rather, a re-test of previous resistance as support . 4. Weekly 21 and 55 EMA is currently acting as support. Note that there is a bullish cross of the 21 and 55 WEMA which is a positive sign for bullish continuation. 5. Price is trading above Point of Control (POC) of the volume profile which is another positive sign. 6. Currently price is nearing 0.382 retracement but a pullback to even 0.5 retracement can be possible. 7. Weekly RSI is approaching 50 which means price is cooled down signficantly. price may consolidate further or retrace pulling the RSI down to 43 levels and find support on the RSI trendline which has been forming since more than one year, and bullish momentum will still be preserved. What to expect : 1. Price may find support at current levels (235-245) which will be good for continued bullish momentum, as RSI is approaching oversold levels on daily timeframe. 2. in case price doesn't hold support at 235 levels, price may continue to retrace to the POC level (220) which is also strong support, and price will continue to form Higher Highs and Higher Lows if 220 support holds. 3. If price fails to hold 220 levels, last stand for bulls would be 190 levels which is the next strong support zone and trendline support from ascending triangle. 190 would be the bulls' final fighting stance to preserve continued upward momentum. Trade setup Position size build up can be as follows (this is just an example) 1. 30% of position size at CMP and if there is a reversal from 235-245 levels further 70% can be deployed. 2. In case 235-245 support fails to hold, another 30% can be deployed at 220 levels and the rest 40% after reversal is confirmed. Targets and Stop Loss 1. Conservative/swing trade stop loss (1-3 months) = 218 which is POC invalidation point. 2. Positional trade stop loss (3-6 months) = 179 which is ascending triangle trendline support breaking point beyond which trade setup will be invalidated completely. 3. First target for swing trade = 310 4. Second target for swing/positional trade = 360 5. Third target for positional trade = 465 6. Price can even go back to previous All Time Highs if trade is kept for a longer period of time. Please manage position size based on risk appetite and have a suitable risk to reward ratio of your choice. Note: This is not financial advice, this post is for educational purposes only. Thank you for reading through this detailed analysis and kindly leave a like if you liked this post! If there are any questions, please leave it down in the comments section.
ILong
by apratimbanerjee08
5
Elgi Equipments ELGIEQUIP - Positional Trading I have based my analysis on Stan Weinstein's framework on Weekly chart where price structure, 30 weekly MA, volume and relative strength (not RSI) play a role in analysing the trend. Personally, I like stocks near ATH because it tells me that prior resistance has been broken. It is important for me to select stocks that have strong relative strength against a particular index such as Nifty Infra in this case (Elgi makes compressors and they are capital goods for industry) or Nifty 500 the broader market. The area where price is moving up (marked with a green upward arrow) is defined as Stage 2 structure according to Stan Weinstein. After this, we see a Stage 3 structure marked with a black box. During Stage 3 structure, price is rangebound and this period can be for many weeks or months. Remember, this is where we lose TIME. And for traders (and also Investors), TIME is important. I have marked a breakout candle (in orange) and that is where I like to enter provided I see confirmation on volumes (marked with orange in the volume histogram). Stan Weinstein says Positional Traders should ride the trend and exit stocks only when they start trading below the 30 weekly MA. He further says not to buy in LH LL structure because there is no way one can tell how far or how long can the fall be. See for yourself how often stock stays lower. The breakout candle of 10 August 2020 is of importance. Note the volume expansion. Also note that retracement is till the mid point of the 10 August 2020 candle and stock does not fall anymore. The candles of 9 November 2020 and 7 December 2020 are also very important. The latter breaks prior pre-pandemic resistance. Around this time the Relative Strength of the stock starts outperforming against the broader market i.e. Nifty 500. Analysis is easy on hindsight. What would I do if I were to take a buy call now? I will go long only when I see a breakout candle (marked in orange) confirmed by Volumes. Because Nifty is near ATH and in Stage 3 structure, there are two things that might happen. It may again start a new Stage 2 structure or form a Stage 4 structure which is start falling from the box. Hence in a market like this, I would shift to the Daily chart, add a 50 Daily MA and if the stock breaches 50DMA and goes lower, I will exit 50% of my holding. And if it breaches the nearest swing low, I will exit completely- the candle of 27 May 2021 on Daily chart. This is a variation from Stan Weinstein's framework. Disclaimer- This is not an investment or trading buy/sell advice. The purpose is to share knowledge and learn from the community. I am not invested in the stock as on date.
NSE:ELGIEQUIPEducation
by culturalDealer79974
2
Mangalam Cement - 3.5yr Rounding bottom The stock is showing exceptional momentum close to the long term breakout. Notice the Gap up in the latest weekly bar opening. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better. SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:MANGLMCEMLong
by raavigeorgian
2