Self explanatory Potential buying opportunity after the BO of base Look for strong relative strength and volume after BO
BO done Price is too far away from the 21 EMA Any pullback towards the zone could be a potential buying opportunity Since the overall market is weak enter small quantity
Long above 420 with strict stop loss overall market is weak
Base formation with low volume RSI trending up Relatively outperforming the market Wait for BO and pullback on low volume #overball market should support
BO from downward channel Need to close above the zone for buying opportunity
BO done RSI trending up Volume is increasing during up bar Relatively outperforming Need to form a base with low volume
JAN-3 Monthly ascending cpr RSI Trending RS outperform Bought when price pulled back towards cpr on back of low volume
JAN- 3 Monthly BO Done Relatively Outperforming the border market Volume pop out on BO RSI Trending SL just below the 21 EMA
NSE:BEL 1-Stock at ATH 2- Outperforming both indices 3- Buy on dips (After the breakout from the channel buy on retracement)
NSE:BAJAJFINSV 1- Bullish on all timeframes 2- Can enter after a pullback 3- Stock in overbought area 4- Maintain a strict stop loss Can start accumulating from 15260
NSE:BAJAJ_AUTO 1- Stock underperforming both the indices 2- Wait till 3520 for new long opportunity 3- Ease of movement is on the downside
NSE:AXISBANK 1- No long 2- Wait till the stock comes into oversold area (Around 730) 3- Target shall be around 764
NSE:ASIANPAINT 1- Buyers not able to make new highs 2- Significant volume reduction 3- After a pullback can enter the trade 4- Wait for the price to come out of base
NSE:ADANIPORTS 1- No long opportunities 2- Underperforming both indices 3- Wait for the breakout from the zone 4- Stock is under accumulation
NSE:ONGC 1-Price reached the low of trend channel 2- Stock is underperforming both benchmark and sectorial indices 3-Target could be upper trend line
BUY ABOVE *-525 SL - 505 T1 - 543 Sectorial Index - Positive Benchmark Index - Positive( Volatile)
1-Script at major resistance level 2-No support from major indices 3-Insipite of major volume on some bars the price didn't move anywhere fluctuated around the zone 4- Possibilities /Absorption on previous resistance zone //Buyers not able to push the price 5- Wait for breakout on either side
A classic Wyckoff pattern which includes 1.Wyckoff selling climax 2.Price shows ease of movement on upwards 3.Change of behaviour 4.Spring has happened 5.Lack of volume on consolidation