VSA
TCS - CHANNEL BREAKOUT - BULLISHNSE:TCS
ON DAILY CHART HIGHER HIGH FORMATION IS CLEARLY VISIBLE & ALSO VOLUME IS ON HIGHER SIDE WHEN PRICE IS MOVING UP
SUPPLY CAME IN ON 8TH OCTOBER WITH EXTREMELY HIGH VOLUME FOLLOWED BY SErIES OF WIDE RANGE BEARISH CANDLE.BUT VOLUME IS RELATIVELY LOW SUGGESTING IT MIGHT BE A RETRACEMENT
ON 15 MIN CHART,LOWER LOW STRUCTURE WHICH FORMED OVERS PAST TWO WKS HAS BEEN BROKEN AND STARTING TO FORM HIGHER HIGH STRUCTURE BUT WE NEED VOLUME CONFIRMATION.
ALSO FORMED A CHANNEL AND PRICE IS CURRENTLY TRADING NEAR CHANNEL TOP WHICH ACTS AS RESISTANCE
IF PRICE BREAKS ABOVE CHANNEL TOP (RESISTANCE) WITH VOLUME EXPANSION,PRICE MIGHT MOVE TO NEXT RESISTANCE ZONE (2955-2980),WHERE PRICE MIGHT TEST THAT RESISTANCE LEVEL
Bank Nifty to Go Higher FurtherLook at the chart, NIFTY is already touched all time high and bank nifty to follow. November 4th it broke the accumulation range and started forming HH and HL. Momentum is too good. I thoughi it might correct today, but it is a gap-up open today and most of the day it remained within the opening range (or forming a typical day_) and closed little higher than the Initial Balance Range. H and C are same. no doubt of looking back. Session Volume value zone consistently moved higher . So far 5 Higher Value zones. as the momentum is high we can suspect s small interim correction before moving further. Price is clearly far away from the Ichimoku Cloud. that is another confirmation of mark-ups.
We can expect 3 things to happen next
1. Market can go in range
2. Gap up gain and move ahead with conviction
3. Correct and move ahead.
For options, you can write puts. you can buy call,
or you can go for bull call spread
BUY CE @ 27700 and SELL CE @28000
Prob. of Profit - 83.58%
Max. Profit - ₹ +4,674 (33.95%)
Max. Loss - ₹ -2,825 (-20.52%)
Max. RR Ratio : 1:1.65
Breakevens : 27575.0
Total PNL : ₹ 0
Net Credit : ₹ 0
Estimated Margin/Premium : ₹ +13,767
recent news on Vaccine optimum will push the market higher too...
Bank Nifty 45 Min - May be a artificial markupReading the chart of Bank nifty 45 min. It seems like market is in bullish move , but what we are seeing might be a artificial markup. (Given US election tomorrow, we expect some bit of volatility, my take is the market will be more volatile on the day of results than tomorrow).
Nifty -VSA Study-Pullback to Stage-3 or Continue to Stage-4General Study
Nifty has already tested 0.382 retracement level.
In most of scenarios where healthy retracement is needed, 0.50 retracement is very common and usual.
And in that case, price bounces from 0.382 first, then again come back to test 0.50 value area.
Wherever a deeper retracement is needed it even test 0.618 value area too but it is not most often like 0.5 and 0.382.
In current scenario, Nifty has already tested 0.382 and even given a bounce up from there.
Now, let's close eye on it to see if it backs to good retracements or continues from here.
VSA Study
Nifty was clearly in Stage-3 since long time
It has kissed upper boundary thrice but has not broken-out for Stage-2.
Now, it has broken down the Stage-3 lower boundary and seems moving towards Stage-4
Let's see if backs to Stage3 (as we have studied on 1 Hour TF chart and on Daily TF chart, still it is at the edge of Stage-3.
SWING SHORT OPPORTUNITY IN STAR1. WEAK BULLISH CANDLES IN DAILY AND WEEKLY TF
2. DECREASING VOLUME WITH INCREASE IN PRICE
3. PRICE SPREAD DECREASING NEAR RESISTANCE
LOW VOLUME PULLBACK IN BHARAT FORGE1. LOW VOLUME PULLBACK IN DAILTY TF AFTER BREAKOUT
2. BREAKOUT WAS WITH GOOD VOLUME
PULLBACK OPPORTUNITY IN DLF1. LOW VOLUME PULLBACK IN DAILTY TF AFTER BREAKOUT
2. DECREASE IN PRICE SPREAD NEAR SUPPORT
ADANIPORTS SPECIAL PERFECT BREAKOUT STRUCTURE#ADANIPORTS
1. At First Clear Selling Absorption.
2. Low Volume Test.
3. Bullish strength was seen.
4. Low volume Pullbacks on EMA's.
5. Inside Bar Breakout with Strong volume and Price spread after testing 50EMA.
6. Trading mostly in above range.
PEL POSITIONAL - LONG 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
PEL SHORT (RETRACEMENT)NSE:PEL
(FOR LEARNING PURPOSE)
Price Increasing on contracting volume
Possible Retrace down could happen before rallying up
Entry for Short - MARKET
Target - 1300
Entry for Long - BUY WHEN PRICE RETRACES TO 1300 ( ON VOLUME CONFIRMATION)
Target - 1630
Educational VSA (volume spread analysis) pattern in BATA INDIA Test of supply at support marked by low spread bearish candles with high volumes.. Subsequent reversal from support with wide spread bullish candle and average bullish volumes. Potential candle for swing trading keeping target at resistance.
BANKNIFTY - BULLISHNSE:BANKNIFTY
(FOR LEARANING PURPOSE ONLY)
If price opens above CPR & forms a BULLISH opening range ,go long with Target 23420
if price opens below CPR & forms a BEARISH opening range ,go short with Target 22400
EURUSD - LOOK FOR VOLUME & PRICE ACTION AT RESISTANCEFX:EURUSD
(FOR LEARNING PURPOSE ONLY)
Clearly we can see expanding volume whenever the price moves up & declining volume on down move
But in most recent up move (inside channel),price increasing on declining volume
Considering the volume pattern,the resistance zone becomes crucial .
If price holds on to the resistance and moves down,if volume confirms,price might fall to next support
If price breaks the resistance on volume confirmation,bullish trend may continue strongly for next few sessions
RELIANCE - BULLISHNSE:RELIANCE
(FOR LEARNING PURPOSE ONLY)
Expanding volume on price up
Price might retrace from 1913 to 1864 before moving upto 1948
Dlink suspected showing stopping volumeD link which is currently near a fibo support suspected showing stopping volumes.
Conservative longs
Buy above 92
SL 70
Tgt 106/124/ and more
Aggressive longs
Near 80 ( on reversal signs in min 1 hr clbs)
SL 70
Tgt 106/124/ and more
