Olectra Greentech Limited setting up for big moveOlectra Greentech Limited, a mojor electric bus company, in DTL BO zone.
Also anticipation of BO of AVWAP from 52W High.
Vwapbreakout
BSE, will it breach this AVWAP?Lets learn new thing:
AVWAP (stands for Anchored Volume Weighted Average Price): the average Price of a stock weighted by Volume from an Anchored point (swing low or swing high are good anchor points). Think like moving average but volume also include (not entirely true but to keep easy you can think like that) so it become more powerful as it involves both price and volume.
Now come to BSE, check white AVWAP how it was major resistance and gave fake breakout too. But when it breaches, it gave good Breakout (BO).
Again new blue AVWAP acting as good resistance, now have to check how it acted when it breach this line.
If it will give good breakout, add this powerful tool to your charts.
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No sell/buy recommendations
Nifty - Intraday Levels for 18 July 2022Nifty Levels for Tomorrow..
Trend : Bullish
Sentiment : Positive
Expectation : Strong Bullish
Expecting Nifty open above R1 level with big gap up Open as Global indices and SGX are positive. We can expect nifty to test 16500 next week, so whenever we see a pull back its buying opportunity to go long at the Support levels.. Tomorrow wait for first 5 mins candle close and when price breaks the high of first candle initiate your Long in Nifty.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Intraday Momentum strategy that works in current Market | Part 1I daily make educational content videos on Financial markets
BankIndia is at an important stage to go up or downBankIndia is at an important stage to go up or down :
Reasons/Traits :
• Came to test the trend line
• Volumes are high
• Todays close is higher than recent lower high
• Price above 13/20 and crossed 50 EMA today and inching to 200 EMA
• Price above VWAP
• Increased open interest, high deliveries
What can happen next :
Scenario 1 : Price sustaining above 62.5 levels can take it to 65/67.5/70/75/80/85 levels
Scenario 2 : Price break down below 60 can take it down to 55/50/45 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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