aravindleo_99

aravindleo_99

GOLD in retest of trend line

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BNF spot may trade in a range of 32100 to 31400. If 31400 is broken leads to more damage

aravindleo_99

NIFTY is in rising wedge pattern

aravindleo_99

BNF Trade Plan for 28-Oct-2020 using Volume Profile: Sustaining above 24650 - 24700 leads to upside target of 24900, 25000, 25200. Support is at 24550 - 24450 which may be tested and a value area to go long if the trend continues.

aravindleo_99

26-Oct-2020: 27-Oct-2020: Comments are welcome

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Reliance is showing divergence in daily, weekly and monthly timeframe. Reliance is always exceptional and every analysis can go wrong. Based on volume profile if it closes and sustains below 2100 is a first warning sign and if it closes and sustains below 2050 is a confirmation of trend change which will lead to downside target of 1495-1440.

aravindleo_99

Scenario 1: Scenario 2: Scenario 3: Scenario 4: Comments are welcome for my learning.

aravindleo_99

BNF Trade plan for 23-Oct-2020 using Volume Profile: Sustaining above 24600 leads to upside target of 24800 and sustaining above it will lead to 25000, 25200. Resistance is ~24650 - 24800. Support is ~24350 - 24200. Sustaining below 24350 leads to target of 24200, 24000. CAUTION: Weekly and Daily VWAP are closer which indicates movement can happen on either...

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BNF Trade plan for 22-Oct-2020 using Volume Profile: Sustaining above 24900 leads to upside target of 25000, 25200. Resistance is ~24700 - 24900. Support is ~24200 - 24000

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BNF trade plan for 21-Oct-2020 based on Volume Profile: BNF is trading in a range of 24200 - 24400 for the past 1.5 days. Sustaining above 24400 will lead to 24500, 24700. On the downside, if 24200 is breached and sustained then target of 24000, 23850.

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BNF in coming days using Volume Profile: Sustaining / close above 23700 (POC 23692.2) leads to upside targets of 24000 and sustaining above 24000 leads to 24200, 24500. But resistance is ~23600 - 23900. Closing below POC 23600 leads to downside target of 23200 and breaching below leads to 23000, 22900. Support is ~23100-23000. Price is struck between Weekly...

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BNF trade plan for 16-Oct-2020 using volume profile: Upside: Sustaining above 23000 will lead to upside target of 23200 and 23300. Downside: Sustaining below 23000 leads to target of 22900, 22750. 22750 - 22600 will provide good support.

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BNF trade plan for 15-Oct-2020 using volume profile: Upside: Sustaining above 23700 will lead to upside target of 23900 and 24000. But resistance will be in 23800-23900. Downside: Sustaining below 23700 leads to target of 23550, 23300 and 23000. 23500 - 23400 will provide good support. For entering trade, if the uptrend continues, need to wait for the retest of...

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BNF trade plan for 14-Oct-2020 using volume profile: Upside: Sustaining above 23900 will lead to upside target of 24000 and 24200. But resistance will be in 23600-23650 till 23800. Downside: Sustaining below today's low of 23450 leads to target of 23300, 23100 and 23000. 23500 - 23400 will provide good support.

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BNF trade plan for 13-Oct-2020 using volume profile: Upside: Sustaining above 23900 will attempt to move past 24200. Testing of 1 & 2 area marked will happen but testing of area 3 may happen. Sustaining below area 4 indicates trend change. Downside: 23700 - 23600 will provide good support and may be tested multiple times.

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BNF trade plan for 12-Oct-2020 using volume profile: Upside: Sustaining above 23900 will attempt to move past the 24200. Testing of 1 & 2 area marked is bound to happen and if broken then 3 would be tested. Testing of area 4 and sustaining below it will signal trend change. Downside: 23500 - 23400 will provide good support and may be tested multiple times.