Different Methods to Identify Perfect Entries with ConfluenceBasics of Trading and the areas of interest of every trader to have minimum knowledge to understand the market and its movement. Volume Based Entries Basics of Volume When the price is trending volume will be above volume moving average that will be considered as trend, when volume is too high in a session thats higher than 3x to volume moving average that will be considered as climax which means maximum orders are filled in the exsisting trend. Apart from stocks if such Climax pattern in volume in any format is seen then consider there might be a reversal soon. If one is trading in the stocks you get to see this ultra high volumes in gap ups and gap downs, now you will have to know what sort of gap it is to take entries which we will discuss in the Gaps later. -------------------------------------------------------------------------------- Gaps Gaps theory needs to be understood properly, over 4 kinds of Gaps are found in charts. Simple understanding follows : Common Gaps : Normal gaps that happen every day with in a ranging market Break Away Gaps : If a range/pattern/Support or Resistance is broken with a gap that is called break away gap. This sort of gap happens in the early stages of trend. Running Gaps : After breakaway gaps rest of the gaps if happened towards the trend is called running gaps. as long as there is an exhaustion gap. Exhaustion Gaps : This Exhaustion Gap happens either up or down after an up trend or the same in a down trend. These gaps gets filled giving an idea that the trend has ended. Consolidation Areas Consolidation areas or the trading ranges are to be considered as Support & Resistance areas to identify for patterns like Triangle, wedge, flag, pennant, or rectangle patterns. good areas to look for gap up or down and volume to identify breakout for the next move or plan for the next session. Fib Extension & Retracements Fibonacci extention and retracements is the basic knowledge that any trader who is willing to learn about technical analysis should be considering learning in depth, its a basic tool that gives you a lot of info, Basic knowledge to know is Fibbonacci Retracement is used to identify the entry and Extension is used to identify the exit. levels of interest are called the golden ratio i;e: 38%, 50%, 62% this is where majority of the reversals happen, these can be considered as Support & Resistance zones to look for breakout entries Support & Resistance Every traders nightmare is to understand or identify S&R in the initial days of your trading is not because you cannot ... it is because you are too curious, anxious, exited to enter into a trade, once you calm down and try to understand the market its not that hard to identify them ... S&R areas are the reversal zones or breakout zones it is going to be a big topic if tried to explain the whole concept so lets just stick to basics and use pivot high and low and FIB levels as your support and resistance zones for now. Trendline Breakout These are first thing that any trader learns try to master them, a perfect trendline is considered a strong support in uptrend or resistance in downtrend when it has respected this line for least 2 times from its start point. A breakout gives you and opportunity to enter in to a trade. Elliott Wave This is not considered as entry point in the initial stages of learning but one should know the basics of elliott wave to identify the trend we are in by looking at the leg we are in and you can calculate the trend by given wave length through fibonacci ratios. Only thing that you need to know is that market doesnt move in a straight line like you see in elliott wave picture above there will be waves with in waves. Try to bring all these together as confluence to understand the market move and take entries. Note : Train the eye to identify the structure, then comes the logic and explanation. Editors' picksEducationby TeamTaurus1414769
yes bankyes bank is still in bear trend as its making a bear pennant , so its not looking good right now.by cryptodada272
YESBANK PositionalYESBANK showing accumulation as per Dow Theory. For educational purpose.Longby Ganesh_TradersZoneUpdated 334
buy trade in yes bankyes bank has just came out of consolidation from two converging line.... after breakout , it has taken support from the trendline...and gaining momentum... rr ratio : 1:5 entry price : 16.65 stoploss : 14.95 target : 24.9 Longby K6633442j1117
Yes Bank forming a Morning star.Yes Bank showing some positive signs for the stock investors. The stock has given a return of 20% from the mid of JULY 22 and still looks good for a swing trade. The positive signs for the swing trade. 1. Morning star pattern. 2. Trading above 20 ema and bullish MA crossover already there. 3. Volumes are high in daily candle. 4. Respected support levels. The trade can be initiated once the stock cross and sustain above today's high. Target :- 17.3, 19.5 Stop loss :- Close below 15.3 on daily time frame. Wait and watch the stock levels and price action before entering the trade.Longby Mambotrade1
YESBANK - Harmonics PatternInvestment Long Term: 3-5 Years Buy: 7.50 - 28.75 Stoploss: 5.00 (on daily closing basis) Target 1: 112.75 Target 2: 178.90Longby elvarsanUpdated 14148
Yes Bank Buy Target 24 SL 15Yes Bank Daily consolidation and breakout Target 24 Stop loss 15 Yes Bank Buy Target 24 SL 15Longby Chandresh_T9
Yes BankBase formation complete Breaking out of downward slope line as well as range.by Monojit321228
Yes BankWait for breakout at resistance levels. Trade only if it gives breakout with good volume. Don't trade at resistance level wait for pull back or breakout.by rohitkakade074
yes bank - sell trade - RR RATIO 1:5 - QUANTITY - 50% YES BANK is consolidating in triangle form...it may break the triangle ....but since it is near top line (supply zone) , we should take trade in sell side....risk to reward is also good...we have taken half quantity...because, it seems that...it will break triangle...so if breaks the triangle.. above 16.5 , it will turn into a buy trade..Shortby K6633442j2
YES BANK 🚀🚀NO MORE WORDS JUST TREND ANALYSIS TO MAKE YES BANK INVESTOR STAY POSITIVE HIT THE LIKE BUTTONS IF THIS ALSO MAKE YOU POSITIVE ABOUT YES BA NK Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. This is purely for Educational purpose and for your further analysis.by tejasjadwani117
yesbank has a target of 19.55The stock is forming a BAT pattern........has a target of 19.55Longby Nattyshotstocks2213
YesBank - Stage Analysis - TFH May 2022Full period chart Stage Analysis for YesBank - TFH May 2022by anirudhnaig3
YES BANK - 2 choices YES BANK - 2 choices 1. Now in a flag pattern 2. If it breaks and opens and closes above the 12.9 means short-term target will be 13.5 3. If it breaks the flag pattern down-ward means it has support at 12.5 and 12.20. Note: 1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns... by ravi156843
Yes Bank should hit at 12.6 within 6 days.NSE:YESBANK Yes Bank is repeating the history should touched down by 12.6by davraken111
Yes bank : Multibagger of futureNext target of yes bank in my opinion is 27.75. Yes bank ARC plan is superb…its going to work soon. we may soon see a trend reversalby khushbuladdu112
@ GPottabathni - Tweet - Yes Bank - No Target set until MarchYes Bank. Those holding the shares, Keep on Hold, no new buys. Can average in SIP Mode until March 2023Longby gopalpottabathni0
time to buy yes bank and get rich schemepls buy yes bank at 13.20 rs u will be rich trust me guysLongby alimiraj007229
YES Bank Order blocks created Can go long in trenches at 11, to 13 11.15 is the aggressive entry.Longby Wealth_Engr2
Yes Bank - Go LongYes Bank - Results are good. Creating ARC to transfer bad loans, DHFL case getting some kind of resoluion---- may take time. Results are excellent considering the past three years of turmoil. Next year, the lock in period will get over. So, in my opinion, the price will move, once break out is done above 17, till next target of 32 and then 70 to 100. Longby GPottabathni114
Reversal in Yes BankConverging EMAs along with price closing above 200 EMA on a Daily time frame. Supertrend, Hilega Milega, and Relative strength all are positive. Accumulation can also be seen in the volumes along with high delivery. This could be a good reversal trade. Longby anuragmundraUpdated 2