PolasamKalyan

PolasamKalyan Oct 5, 2023

1. GAP up is possible as there is no price event, check the blue arrows for reference, though there is no GAP up, the first candle runs faster towards 19523. 2. There is a strong selling pressure around 19570-19580. Note: The Nifty sill looking down, consider it as a consolidation stage.

PolasamKalyan Sep 30, 2023

This idea illustrates about XAUUSD next move. Time Frame :Week. 1. The price falls further down towards to 1810 and takes support. 2. I have marked LOW volume zone, where price fall/raise always flow easily without any stops. 3. I have mentioned an example about WICKs. When a pivot or any support line appeared on a candle wick, then assume the same support is...

PolasamKalyan Sep 29, 2023

1. Nifty range bound area 19540-19660 (100 pts) 2. Refer the long volume clusters for support and resistance(Redbox lines). 3. Key principle is, If RSI MA is above 60 only the price can rally with enough spedd. Now the value 36, look at the top-right corner. 4. At least NIfty should 19684, to speed up the rally

PolasamKalyan Sep 27, 2023

1. Around 19764, Price rejection may happen, Look at LOW volume clusters and look at a DOJI candle added a blue color comment to it. Mostly big DOJI candle plays a key roles and may act Support/Resistance strongly. This is 15 min timeframe. As 75-min time frame RSI is below 50, we can assume the marked DOJI acts like RESISTANCE. 2. Around 19605, Price rejection...

PolasamKalyan Sep 27, 2023

Check the volume around 3322 and 3292. The strong volume clusters around 3322 and 3292. The state would still remain NEUTRAl for some time. Note: Check the bule dotted lines for support and resistance lines.

PolasamKalyan Sep 25, 2023

1. It may face strong resistance around 19787, Look at volume cluster. 2. It comes down and take a support at 19544 and moves further up direction

PolasamKalyan Sep 24, 2023

This move can either happen on next two working days. It may pull back around 3242 to bag some volume and it has strong volume support at same. If you at volume clusters above 3272 is very less, so it move towards 3336 and may take breath for some time as there is a strong volume. Note: Avoid mode indicators and Think simple. Kalyan

PolasamKalyan Sep 22, 2023

I have considered 4H timeframe to avoid mode candles noise and looks simple and clear. Engulfing(Yellow) which acts a key role to give a pause. Gold hits 1930 and returns to 1908 soon.

PolasamKalyan Sep 21, 2023

I have marked NIFTY next temporary and strong support levels. Candle type: 3 Line break. EMA: 50, 13, 4

PolasamKalyan Sep 19, 2023

Here is my analysis based on the below potential points which allows us to draw the right prediction. 1. In general, when alternate candles forms anywhere in the price race, assume it becomes a pitstop if there is enough volume built around the price. So, there a few candles like that and there is a engulfing candle as well which i had marked in yellow color and...

PolasamKalyan Sep 18, 2023

How do i find the direction (It may help to the guys who wants focus on chart rather than indicators). Time frame : 75 min 1. Have considered alternative color candles(ex: A (green-red-green) or (red-green-red)) noted the highest high and lowest low of those candles. That would become the range bound for now. If the price closes below the lowest low of those...

PolasamKalyan Sep 17, 2023

1. I have taken the length(Complete candle(body range and wicks)) of the DOJI(marked as 'D') and placed exactly at the top of the candle, which likely become a destination for the price in this move. 2. As the price has already hit(2Xlength of the DOJI), it may take U turn and take a support at 1270 or 1254. I see, there is no volume at 1270, so it hit...

PolasamKalyan Sep 16, 2023

1. Timeframe: 75 min More details 1. I have marked Engulfing candles in yellow color. 2. Have taken the length(body range of the engulfing candle) of the engulfing candle body and drawn it in red color line above it. That can act like support and resistance. One of the ways to trade without any indicators. 3. In general, a stock forms a Engulfing candle to...

PolasamKalyan Sep 16, 2023

1. Timeframe: 75 min More details 1. I have marked Engulfing candles in yellow color. 2. Have taken the length(body range of the engulfing candle) of the engulfing candle body and drawn it in red color line above it. That can act like support and resistance. One of the ways to trade without any indicators.