Volume
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
Suzlon.. currently in Falling Wedge. Looking at this chart of Suzlon Energy Ltd. on NSE, here are some key observations:
1. **Falling Wedge Pattern**:
- The recent price action shows a falling wedge, a pattern characterized by converging trendlines sloping downwards. This often suggests a potential bullish reversal if the price breaks out above the upper trendline.
2. **Uptrend Channel**:
- The price is still within a broader upward trend channel, indicating the overall bullish trend is intact despite the recent correction. The current price is approaching the lower boundary of this channel, which could act as a support zone.
3. **Volume Analysis**:
- Volume seems to have decreased during the recent downtrend. A breakout from the falling wedge with increasing volume could further confirm bullish momentum.
4. **Relative Strength Index (RSI)**:
- The RSI is showing a bullish divergence; while the price is making lower lows, the RSI is making higher lows. This divergence is often a precursor to a potential price reversal.
5. **Support Levels**:
- The price is near the lower trendline of both the falling wedge and the broader upward channel, around the INR 62–65 range, which could serve as a strong support zone.
6. **Potential Trade Setup**:
- A breakout above the wedge with strong volume could provide a good entry point for a bullish trade. Alternatively, if it fails to break out, monitoring the lower boundary of the channel as support would be essential.
In summary, the chart shows signs of a potential reversal if it breaks out of the falling wedge. Watching for a breakout with volume confirmation and monitoring the RSI divergence will be crucial for validating the bullish case.
Jupiter Infomedia - Ready to breakout for a good move!Jupiter infomedia made a tall pole breakout last year and since then it has been consolidating. Stock has shown great volume during the pole construction and even during the consolidation volume has shown growth with small spike regularly.
Stock is now showing potential to come out of its range and breakout from the flag pattern.
CMP 41
Potential upside of about 40%
Watch out for breakout before you dive-in
Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
Bedmutha - Flag pattern is nearing completion!Bedmutha gave fantastic breakout around mid-70s to about 300 level during last year, and since then it is consolidating. It is now consolidating for 8-9 months. Stock has recently shown spike of movement in its sleeping volume bars as well.
Bedmutha is yet to give a breakout and unless that is done this stock can sleep for a few more months. Watch this stock for a strong breakout and then 20-50% return in a quick spell.
Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
CMP: 217
Accumulate India Cement range 350-370 before Flag pattern breaksIndia Cement Flag And Poll
Forming Flag and Pole pattern, stock has been sideways since last 5 Months.
Nifty correced more than 7 % from its all time high butno correction in stock price.
The pole as formed with huge volumn but in side ways move volume.
Buy accumulate between 350-370
Once breaks out stock could touch price of 560
SL would be 340 on weekly candle closing basis.
Buy Range 350-370
SL 340 weekly candle closing below 340
Target 560+
Mphasis still look good in heavy bearish market (Long term)“Hello everyone, Mphasis stock look good Despite the heavy market fall, it is performing well.
After a cup n handle break has occurred.
The volume is also great in this stock, and the relative strength is above 60.
It seems like the stock can maintain long-term momentum.”
Above all, given information is only for educational purpose, Before trade do your own analysis.
MFSL Major Breakout with Volume Surging NSE:MFSL Breaking Out Major Levels with Big Volume Surge on Hourly TF.
Trade Plan:
Entry: On Retracement Near 20 EMA or Breakout of Swing High 1300.
Stop Loss: Entry Candle Low.
No Trade: if Below 1200.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Price and Vol. Breakout From Major LevelsNSE:AMBER is Finally breaking out through Major Resistance on Daily Charts with Good Price and Volume Action currently in a rising channel, The Accumulation Zone is Critical. Further upside can be seen going forward. Keep in Watchlist.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
INDIAGO PAINT ready to touch IPO price 1 as 11 risk reward ratioINDIGO PAINT has give long 2 and half year consolidation break out.
Stock as has been down trend its listed on Feb 2021
Stock has give rounding bottom pattern breakout and multiple pattern at lower time frame.
*POSTIONAL TRADE*
Buy INDIGO PAINTS
At 1650 50% quantities, 50% between 1600-1625
Stop 1485
Target 1 (1:2) 1791
Target 1 (1:4) 1991
Target 1 (1:5) 2091
Target 1 (1:7) 2291
Target 1 (1:9) 2491
Target 1 (1:11) 2691
_Duration 6 months_
Trade as per your risk-taking capacity.
ONGC Near falling wedge pattern 1: 8 Risk reward long setupOil and Gas sector retested the flag pattern breakout.
ONGC also had retested breakout given earlier and last daily candle showing rise in volume with positive closing.
ONGS also formed falling wedge pattern and we are near breakout of the pattern.
I see 1: 8 potential up side trade.
*SWING TRADE*
Buy ONGC 285
Stop Loss: 279
Target 1 (1:2) 299
Target 2 (1:4) 313
Target 2 (1:6) 325
Target 2 (1:8) 340
_Duration 2-3 months_
Trade as per your risk-taking capacity.
Tata Steel with 1:2 bullish setup*SWING TRADE*
Buy TATAL STEEL
Above 157
Stop Loss: 145
Target 1 (1:1.5) 175
Target 2 (1:2) 181
_Duration 1-2 months_
Trade as per your risk-taking capacity.
The metal sector is showing signs of reversal, having retested the breakout level of 9493. Tata Steel also retested its zone breakout level and saw an increase in volume on the daily candle. An entry above the last day’s high has the potential to achieve a target of 1:2.
SAIL Bullish setup for 1:4 risk reward Metal sector is near reversal, it has retested breakout level of 9493.
SAIL Also retested the breakout and made reversal with strong volume candle.
SWING TRADE
Buy SAIL
Above 131
Stop Loss: 125
Target 1 (1:2) 142
Target 2 (1:3) 148
Target 3 (1:4) 153
Duration 3-4 months
Trade as per your risk-taking capacity
TGVSL-A Risky positional trade of potential multibagger stock!TGV Sraac is yet another chemical sector stock that has been underperforming lately.
Stock has shown some positive signs of recovery in past few months.
Stock has given weekly closing above 110 which is a positive sign.
Stock can test its ATH if the momentum continues and can also give 2x returns in coming months if company posts good results.
Keep in radar. Not a recommendation.