Volume-based indicators give information about the amount of traded contracts or lots. Its one of the few types of indicators that base their value not solely on price. Volume obviously depends on the selected period. The amount of a security that is traded at any given time can give an indication as to whether the trend is likely to continue or might reverse. It shows at which prices traders open their trades. An increase in volume usually precedes an emerging trend and a drop in volume usually precedes an ending trend.
Interesting situations are created when the price makes new highs or lows while the volume drops. This price - volume divergence could point to a trend reversal. There are many volume-based indicators such as the Money Flow Index (MFI), Chaikin Money Flow (CMF) and Volume-weighted Average Price (VWAP). They can be used alone or in combination with other indicators.
1) 27% sales growth in Aug 2018 on a higher last year volume
2) Can be bought with SL 128.85 as it formed double bottom on 15 min candle
3) Other players in auto sector- Maruti Eicher Escorts Hero barely showed any growth
Break Out With Volume.
One Year Down Trend Line Break Out.
EMA may act as support.
May be a Stock of September Series.
Trial SL Once in Profit.
Other Details Mentioned In Chart.
Positional View For Eductional Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
CASTROLINDIA looks like a promising reversal at this moment. We Initially, predicted an up move on 13th Yet, it gap down violently below the demand zone and just recovered from the bottom without any volume
Such a recovery without any volume tells us that there are no selling pressure in the market and this is just a mark down from long term buyers after ...
This is the perfect example of Momentum but you can not trade only on momentum, You need to combine all price action tools for analysis like Trendline,Support & Resistance zones, Price patterns etc.
If you are a price action trader then you have to trained yourself to locate this type of price action movement.i am doing the same thing again n again and it helps me ...
MCX has gained 5% of NSE with thrice its average volumes Kijung and Tanken above ichimoku cloud and stock trading above all of these with positive bias. Seems to be heading towards 895.
Buy MCX on NSE around 833 with Stop-loss of 797 and Target of 895
The previous week marked a consolidation at a higher level for BANKNIFTY and we also saw a significant divergence between NIFTY and BANKNIFTY.
The trading zones of 25540-25640 served as a supply zone for buyers and trading there or above that range should be a candidate for a pullback trade.
On the upside a conclusive break above 25750 needs to be supported by ...
Sell NIFTY around current zone for an immediate target of 10470 and 10420. Stop loss 10600.
Daily retracements and volume supports taken for Stop loss and target levels.
NSE:SUNPHARMA has gained 5% on NSE with 4 times its average traded volumes and have closed just above Ichimoku Kumo High, classifying the stock in bull phase. Buy MAR FUT SUMPHARMA above 582.1 with stop-loss of 576.0 and Target 1 at 587.65, target 2 at 592.70 and Target 3 at 599. Can hold the stock if closing above 600 for levels of 620
Look to SELL SUNTV @ 906.80 with Stop-loss of 935 and Target1 of 866 and Target 2 of 830. As Suntv has broken cloud with good volumes and there is a possible bounce back in stock. Wait for the bounce to complete and only then take a position. Only take a call after consulting your financial advisor.
Banknifty broke significant accumulation & volume zones of 25500. This will hold as a hurdle now. Till that point or about downside of 25050 look for short on rise or breakdown #banknifty
