Volume
Natural Gas into Bullish Side....Natural gas taken Support from Daily timeframe EMA.....
Retraced from 61.80% retracement level towards upside.....3.5% is daily move from low to high....daily chart volume of candle increasing....EMA CROSS OVER in 1 Hour Timeframe....3.4 doller may be the first target...
TRADE PLAN ON TITAN Titan Stock Swing Trade Idea
1. Trend Analysis: The stock is in a strong uptrend, indicating positive momentum and investor confidence.
2. Demand Zone: It has reached a strong demand zone, a key level where buying interest is likely to emerge, providing potential support for price recovery.
3. Technical Patterns:
Weekly Timeframe: A shooting star-like pattern indicates possible hesitation or reversal after a strong upward move.
Daily Timeframe: A bullish engulfing pattern signals a potential continuation of the upward trend, confirming buyer dominance near the support zone.
4. Moving Average Support: The stock is taking support at a key moving average , adding to the confluence of bullish signals.
Trade Plan:
Entry: Consider NSE:TITAN the current demand zone or after confirmation of bullish momentum (e.g., a breakout above recent highs).
Stop-Loss: Place below the recent swing low or moving average support for risk management.
Target: Aim for the next resistance zone or a measured move based on the uptrend continuation.
Risk Note: Watch for a confirmed breakout or breakdown from current levels, as the shooting star pattern in the weekly timeframe could indicate selling pressure if demand fails to
#stockmarket #nifty50 #swingtrade #titan
Double bottom reversal with bullish engulfing candle in TitanNSE:TITAN A double-bottom reversal from the 3120-3140 level can be bought and the target can be achieved at 3750-3800. A bullish engulfing candle has been formed in the weekly time frame confirming the reversal.
A stop loss to 3150 or a closer swing is advisable. The risk-to-reward ratio can be managed at 1:4.
CENTURYPLY Volume Dry Up Near BOCENTURYPLY has extreme volume dry up over the past 19-20 trading days. Keeping a SL of 4-5% around 795 gives a good entry as the stock has been in accumulation in prior weeks.
Sales has taken a good growth of 9%, 10% and 13% in the last 3 QoQ. This is a trend I particularly look for as beating QoQ in last 3 quarters in upwards trend is rare among stocks.
Tight SL entries supported with good volume dry up is something new that I am experimenting with so a small SL helps test this hypothesis out.
Accumulation helps certainly. Let's see how this plays out...
Morning Star + Flag pattern - Trend ReversalMorning Star - The Morning Star pattern is a classic bullish reversal pattern in technical analysis. The pattern consists of three candlesticks: two large ones with different directions and a smaller candlestick between them.
Flag Pattern - A sudden move in either direction followed by the price consolidates in a range following the sharp move, and the price then continues to move in the same direction after it breaks out of the range. Its visual resemblance to a flag and a pole