BEML Cmp 1248 dated 23-3-2023
1. Big Bullish Engulfing Candle.
2. Triangle Pattern
3. BO @ 1260
4. RSI BO
5. Price Rise with Volume Rise.
Buy Above 1260 for target 1300-1350-1400 SL 1180
It is just a view, please trade at your own risk.
Swetha madam shared today one nice observation about a down slopping channel in Nifty since last 3 months.
Extending the analysis with a few other observations with some more price-action tools.
Swetha madam's charing:
My charting:
Observations :
H&S formation with a base at 16800. So for the sake of price-action, 16800 has to be retested. This is 2nd...
*for educational purpose only.
1) volumes are shocking in last few days.
2) taking support and getting reverse from golden ratio.
3) near breakout of falling wedge.
OANDA:XAUUSD trade setup for next Trading session, Monday:
Sideways, choppy movement may be in card. Reason: The wide CPR.
The volume profile PoC (point of control) is at 1982 level.
The one sided bullish movement of Friday has the PoC region on the upper side only (1980/82). The trending leg does not see significant participation.
Fib Trend extension...
KPITTECH has made a breakout recently and price retested that resistance, now that stock is near ATM with good momentum.
Closing above 870 on daily basis, will make a quick move on upper side
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
JUBLPHARMA is at major support with positive RSI divergence on weekly time frame, positive hammer pattern formed on this week candle with huge volume.
We can buy at this level strict SL on closing below 272 on weekly basis. TGT1: 332, TGT2 : 368, TGT3:393
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
Fixed Range Volume Profile and LeeGa's CPR Indicator can be used to identify clear support and Resistance levels for the trading day.
Here's a typical example of How POC levels and CPR levels have acted as resistances for the day
-Cup and Handle Pattern
-Increasing volumes
-Increased Revenue and Profit
-Increasing Market Share
-Net Income higher than industry
-New acquisitions by company
Buy once close above 800
Target1- 872
Target2- 920
Target3- 970
SL - 760
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is...
It looks like CIPLA is in value area, I could see the sell volume is less compared to buy volume based on VPA. If the price breaks above the range, one can go long? But How long could it be should be decided again by VPA.
PNBHousing is in downtrend from 2017 and has been facing a weekly resistance near the trendline. It had given a breakout few weeks back but didn't sustain.
However, stock has bounced back from 0.5 Fib levels and gave a weekly closing above the trendline as well as the 200 EMA(weekly) which is a bullish closing.
630 is an immediate resistance above which it can...
Market Mood: 09 March 2023
Market Recap:
Nifty advanced 0.24% to close at 17754.40
Bank Nifty advanced 0.55% to close at 41577.10
India VIX advanced 1.49% to close at 12.45
