dravya

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Here, I have illustrated the chart with various markings , for educational purpose of price volume study along with the resistance level the stock is currently at. Views and comment, if any, are welcomed. Thanks.

dravya Updated 

The stock has re-entered into the green channel. Also closed inside the blue channel. All the lines have been marked for assistance. Thanks.

dravya

Today, I'll share a very important point that lacks in most of the traders. When it comes to chart setup, there is no one right way, but I will share my approach. Everything I do comes from an emphasis on clarity and consistency. 1. Clean charts put the focus where it belongs: on the price bars and the developing market structure. Tools that...

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IOC CMP : 352.15 Everything illustrated on charts. Thanks.

dravya Updated 

The stock is preparing to break the trendline. Look for shorts. Only thing is we are a little late as move began 2 days earlier. But this is a confirmation. SL would be if it sustains for a while above the trendline again.

dravya Updated 

Here, I have analysed the chart of Sensex, where we see a few things : Firstly, a double top is forming very soon ( the white line ) Secondly, the yellow trendline has been very well respected till now. I have drawn vertical lines to illustrate that. You can very well see that price has reacted very well and except for few false piercings, it ...

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The stock has shown good strength with a steep rising angle. Now it has come to the level where it will face 2nd resistance ( the 1st one it crossed by a gap up on the second attempt ) Here, again it will face pressure, look out whenever it breaks out convincingly and go long. Go to lower timeframes if you're a short-term trader.

dravya Updated 

The stock has today given a closing above previous weekly highs ( except for one more high ) . The price action suggests the stock is seeing some good buying. ( hourly chart below ) . Looks good for long at this level with small stoploss.

dravya Updated 

NSE:DRREDDY is at the bottom edge of the descending traingle. Levels and zones are marked. Trade accordingly. Cheers !

dravya Updated 

The stock has formed a doji on having a triple top formation. Volumes in this stock has previously also failed to follow up with good rallies. Can be looked to short below the trendline.

dravya Updated 

The stock has shown a classic double top pattern and a trendline break. Previously there's a huge buying interest being shown in the stock, so be careful before shorting it straightaway, might prove to be a pullback. I have drawn blue lines which are important levels according to me. See how price reacts on reaching those levels and build positions...

dravya Updated 

The stock fell a lot and now has been in an upward move, as seen by the trendline. The previous day it showed great strength on the trendline base. The blue line is an important daily level ( see chart below ) which it crossed today. If it sustains above 790, it could see levels of 830-850 in coming days.

dravya Updated 

The stock is at crucial level. See the yellow lines , which show what happened when the price came to this level previously. The last time it happened, it failed to hold up. But then it formed a base and now, If buying continues to happen, very good chances of, staying above the white line and futher, also above the rectangle. Take positions...

dravya Updated 

Here, I have drawn levels and lines for SBIN which I'll use to supplement my trading decisions for this week ( 20-24 March) . Personally I'm looking for shorting opportunities, preferably intraday. Sharing if it helps :)

dravya Updated 

Here, I have analysed Vedanta which will guide me in making trading decisions for it , for the coming week. I'll wait for any opportunity that provides good RR. Sharing if it helps :)

dravya Updated 

CMP - 3348 You can see huge buying interest above the black support line. This has a nice probability of going upwards now. Going long. Will exit below black and re-enter if signs of strength re-emerge. Cheers !!

dravya

One of the most ignored risk in trading is the failure of the equipment you are using to trade. If you have traded long enough, you'll know what I'm talking about. As day traders, when there's a lot of money involved, you shouldn't save a few bucks risking a lot. Let me explain with this list : Backup device : You shouldn't rely on just one mobile or...

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CMP - 194. Broken downward trendline today with huge volume. Also possible to break and stay above black line. Yellow lines are previous occasions of this volume. Keep this stock in watchlist. Thanks.