LONG UPL AT PoC 452.7 SL 440 ON CLOSING BAsis
NSE:PEL (FOR LEARNING PURPOSE ONLY) 1) Phase 1 (Accumulation) Completed 2) In the midst of Phase 2 (Mark up) >> We can see expanding volume when price moves up and contracting volume when price retraces ENTRY BUY WHEN PRICE RETRACES BACK TO HL TARGETS TG1 - 1600 TG2 - 1900
- DIVERGENCE - BUY ON TRENDLINE BREAKOUT
- Bearish Divergence - Wedge Pattern - Buying Climax
NSE:KTKBANK (For Learning Purpose) Currently trading in Wyckoff's Phase 1 (Accumulation) Test of supply happened and price started to move up with expanding volume We can clearly see volume expansion when price moves up and volume contraction when price moves down or trading in range Price might move down to ₹40 - ₹42 range before starting to move...
A shooting start appeared close to the 50 percent fib retracement, the tail of the candle faced resistance at the MA. The volumes of up candles seem decent RSI is at 50 levels. A failure swing may form at the 50 levels, bulls should be comfortable above 1657 with good volumes follow up.
The indices may give a 1000 point push beyond day high but we need to look for strength beyond this level. On the flip side any weakness below the spring may take us to 18000 or lower. Trade safe #jaysingh_2020
Notes on the chart. Hope this analysis will add to your knowledge.
15 min chart makes a nice triangle after a long run. Volume inside triangle seems to be dried up and breakout of triangle is possible with good volume support. BUY if the price moves above resistance. Target - ideally length of flagpole but be cautious as flag is too long Stoploss - triangle top