Chart Data as of 25th Sept, 2020 A Classic Ending Diagonal/ Rising Wedge structure has marked the Completion of a 5 Wave Impulse Elliot Wave suggests we are now in a Wave 2 Decline that can retrace this Wave 1 advance that just got completed I have a Minimum Target of ~ 725 for this Decline. Key Levels to Note: T1= 725 700 psychological level T2= 685 T3=...
LONG TERM TOP IN PLACE, CLassical Rising Wedge or Ending Diagonal whatever you want to call it Price below Declining 200 Day MA, also below Anchored VWAP from Feb Top What More is Needed? I simply Warn you to Not Go Long Bata, Exit if you are already. Potential Disaster Lies ahead for Bata stock
Look for Buying/ Long Opportunities because: - Price has reverted back to 20 day SMA, see the Bollinger Band, so now No point shorting for any mean reversion - Price above 2 Key Anchored VWAP levels from Prior Swing Low base and Breakout candle (the sky blue line and orange line) - Price is also above the Falling Trendline from 2019 Oct high, if you see the...
Rising Channel, Rounding Bottom, Cup n Handle patterns are observed. Stock out of FnO ban from tomorrow so the rally will start now! FnO ban had put a cap to the rally despite Fantastic Q1 results, don't miss the chance now to go Long!
Self Explanatory & Annotated chart. VWAP works really well in this stock. We also got a VCP pattern breakout, today was a retest day, so one can go LONG now! No Targets in mind but good chance of reclaiming prior Swing High and even exceeding it.
- Self explanatory & Annotated Chart - Key Levels are Marked - Enter at BO level @ 1340 - Exit at Target level @ 1445 , approx 7-8% upside - Time Frame is few Days - Stop Loss level for Risk as per your choice also mentioned - High probability setup based on AVWAP Study + Multi Time Frame + Pattern + RSI - Stock is Bullish on all time frames for a Mean Reversion...
[22nd May, 2020 EOD Analysis} Self explanatory & Annotated Chart Additional Pointers: - DO NOT Short as long as it is above 714/ Orange Anchored VWAP - Bullish on Higher Time Frames too & better not to fight the trend. Shorts would only be for a minor pullback - If you notice there is also an Ascending Triangle breakout. Once we get above the Rising TL it will...
- Trend is Still Bullish as RSI not yet oversold - RSI hit overbought few days back and currently stock undergoing a pullback - Price around 65 Day EMA & close to VWAP. Let it get above VWAP & 65 EMA to initiate a Long - Accumulation can be observed on the 5 min charts and the last few candles in the 30 min chart as shown above - Bears will be in control only if...
Bounce from Support with Consolidation BO: - Stock resting at 50 DEMA but below 20 DEMA - Volatility compressing ready to BO - Bias is Long - Note: The colorful lines in the chart are Anchored VWAPs (from range top candle, new range breakout candle, march bottom candle) Buy Now for better Risk/Reward or wait to Buy above 17,050 Target @ 17,900 - 18,000 range....
Self-explanatory & Annotated chart Discl: No vested interest STUDY only for Academic Purpose
Anchored VWAP Analysis self explanatory in Chart. Additional Pointers: - Range Breakout in place - Breakout accompanied with Expanding volume signaling the Range was an Accumulation Zone - Stock is also above 5 day EMA , 20 day EMA, 50 day EMA, 65 day EMA (ALL are Sloping upwards and above each other respectively) - ADX is above 25 on daily chart...