TradersVenue

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🔴 Bearish MA crossover in 75M TF with InvertedHammer candle formation 🔴 #Nifty closed below VPOC 17404 (VPFR of trending move 16300-17800) 🔴 Lost early morning gains after a strong opening and trading near PDL. 🔴 #RSIStairs trend turned bearish. Somehow managed to close above 40. Will keep SL = 17525 on hourly closing basis and trade with bear spreads.

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Previous Session: 🔴 #Nifty down 2.75% from their highs with very good rising volume. #Nifty COI reduced indicating it was #Long unwinding. 🔴 #BankNifty made IceLand reversal pattern from its ATH and closed near the day low. Next VPOC support is near 36700. Technicals: 🟡 Momentum indicators RSIStairs cooled off a bit from their highs in Nifty D(66.0), W(73.33),...

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🟢 Very high volume breakout & then pullback/profit booking 🟢 ExideInd BO retest done near the 50% retracement levels 🟢 Doji formation near demand zone indicating indecisiveness. 🟢 178-182 is a very good demand zone and may take support 🟢 A good EV play and recent stake sell will add cash flow 🟢 A rerating candidate and stock has potential to move high 🟢 Stock...

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🔴 Stock formed a rounding top formation in daily scale with resistance around 1500. 🔴 Stock noticed price volume breakdown with daily volume 150% of SMA25 average 🔴 Stock closed below the volume profile POC of 1423 and value area low of 1396 🔴 On weekly it formed bearish EveningStar pattern & stock closed below 2 week low. 🔴 Can extend weakness if trades and...

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Previous Session: 🔴 #Nifty fell 200 points from #Intraday high with 180% of 25 SMA avg volume. This indicates supply near the 17800 levels. 🔴 #BankNifty rose to ATH of 38226 and fell nearly 750 points. But it pared the losses by sharp recovery towards the end. 🟢 FII were net buyers with 3600+ cr of directional buying in cash & index futures. This would try to keep...

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🔴 Stock made box or double top kind of formation in 75M around monthly pivot R2 3385. 🔴 Stock made price volume breakdown candle with volume surge of 135% of SMA25 🔴 Once stock trades and sustains below 3285 it can move towards the demand zone. 🟢 Multiple volume profiles created from AnchorSupport levels indicate stock has strong support near 2971/3025 🟢 Stock...

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Volume Profile Analysis 🟢 Considering current trending move of 15509-17800 POC lies at 17378 where two strong price volume breakout candles were seen. So that looks like the first support at the moment. 🟢 First value area low placed at 17228 below which #Long unwinding pressure may be seen. 🔴 Breakdown below 17212 it can open gates till 16754-16181 which is next...

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🟡 #BankNifty finally tests ATH after #Long period of under performance. Finally both indices closed at ATH yesterday. 🟡 #Nifty enjoying longest rally 7511-17644=10133.4(134%, 77 Bars) from the Mar20 lows without making an 10% correction. 🟡 Previous such rally was seen in AUG2013-MAY2015 when #Nifty rallied 5118-9119(78%, 79 Bars) without 10%...

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#Nifty Fut 17264/17301/17378/17440 - 17565/17594/17654/17705 TradersVenue RDX Trend Score- 75M(5*)/1D(5*)/1W(5*) #Bullish #BankNifty 36311/36508/36621/36854 - 37065/37167/37242/37400 TradersVenue RDX Trend Score- 75M(4*)/1D(5*)/1W(5*) #Bullish #TradePlan #PreOpenUpdate #IndexFutLevels #16SEP2021 Data: 🟡 Highest OI on CE side at 17500. #Short covering above...

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#Nifty Fut 17157/17212/17264/17301 - 17413/17465/17495/17542 TradersVenue RDX Trend Score- 75M(2*)/1D(5*)/1W(5*) #Bullish #BankNifty 36125/36275/36406/36505 - 36862/36953/37065/37249 TradersVenue RDX Trend Score- 75M(2*)/1D(2*)/1W(5*) #Bullish #Positional TradePlan 🟡 No #Long in #Nifty till breaks out above 17475 on HCB 🟡 No #Positional #Short trade till it...

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🟢 BankNifty Fut after breakout sustaining above headroom resistance of 36300 🟢 Momentum indicators are bullish with RSI broken out above 60 & ADX rising. 🟢 As #Long as 36278 is defended on day closing basis it can breakout on upside. 🔴 BankNifty getting supply around 37075 levels. Once taken out ATH is most likely. 🔴 Once it breaks 36275 with volume then view...

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#Nifty Technical view: 🟡 #Nifty notices volatility contraction with NR7-IB & NR-21 formation on daily scale 🟡 #Nifty notices a DojiStar candlestick pattern on weekly charts with NR-21 formation 🟡 Current rally is longest with 364 days 9852 (129%) points gain without any correction. 🟡 Last time #Nifty had noticed 79 week rally in 2013-2015 without 15% plus...

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Zeel took support near multiyear demand zone of 164-172 and bouncing. A good #LongTerm investment candidate for a target of 261/365. 🔴 TradersVenue momentum score of -2 * bearish in D/W/M TF. This is big negative for stock. 🟢 RSI Indicating a trend reversal. Stock took support near multiyear demand zone of 164-172 🟢 TrendRider given buy signal on daily TF....

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🟢 ITC notices a price volume breakout on daily scale. 🟢 Breakout above all major moving avg 20/50/200 DEMA 🟢 TrendRider, SuperTrend, #RSIStairs all gave buy signal 🟢 RDX momentum score is 3 star bullish. Can trade high. 🟢 Breakout above #DescendingTriangle trendline resistance 🔴 Monthly RSIStairs is still trading lower. Yet to breakout 🔴 Stock still trading below...

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TCS looks like a mean reversion candidate. 1. Bearish candlestick patterns on 2D scale. 2. Weekly #RSIStairs made lower low. 3. Price volume breakdown seen on 08-Sep 4. Daily RSIStairs given two breakdown signals. Good to #Short below 3750 with protection.

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#HeroMoto looks like bottoming out on daily scale. 1. After a shakeout below 2740 stock gave PV Breakout. 2. Pullback to the breakout level of 2750 levels 3. RSIStairs broke out above 55 level and sustaining. 4. Stock brokeout above 20 DEMA and near 50 DEMA 5. 10/20 DEMA bullish crossover on daily scale. 6. TrendRider turned bullish with buy signal Good to buy...

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#KotakBank a potential #Breakout candidate above 1830 DCB. Will go #Long in protection above 1830 with SL below 1800. Reason: 1830 level is tested 6 times and this time its trying to break it. If breaks out then can move to 1975-2000.

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#ShootingStar formation in #Reliance weekly charts. Need to watch out next weeks price action before initiating any trade. Good to book longs once it drops below 2400.