Volatility Contraction is visible in Tata Motors, expecting a big move out of the bear trend channel on Monday.
- Nifty 500 5 leg correction has played out - Price has closed right at the supply line of the bear trend channel (ongoing since 19th Oct 2021) - important support & resistance levels marked by brown dotted line
Reliance is breaking the supply line after 70 days, after testing the previous breakout region, should be kept in the watchlist.
Price has been in the bear trend channel for a long time, now there's evidence of of a reversal here, especially if crosses 775 with high volume
Here SRF is looking bullish for short term, breaking the high volume node region and gaining sharply in the last 15 minutes.
Reliance is trading in a trading range, at a critical support now, do you think it will hold? Based on price action I think it's possible but will have to wait for the confirmation.
Good movement in December seen, can go further upwards if the local resistance level is crossed. Winter is here and room heater/geysers sales will increase
Narayana Hrudayalaya, NH, bullish setup, price also bounced nicely frome the demand trendline today, can break the consolidation structure now
I have marked the important structural aspects on Nifty 30 min chart, in bull trend channel, faced resistance as supply line, possible gap down opening tmrw filling the gap, will then need to analyze price action. 16900 & 17600 remain the important levels for decisive market turn.
IEX on hourly chart has given a clear stage breakout, I have mentioned the required SL levels and potential target regions, but need to make sure that the position sizing has to be limited here as Nifty iin not a trending structure.
Aarti Ind has broken out of the consollidation region and now can be bought at the retest of the breakout area, with nearest swing low as SL
Hinduja Global Solutions good VCP pattern breakout and now stok is again near the breakout area and retesting, SL will be the nearest swing low, can hold tight for coming months
- Momentum Trade - Volatility Contraction Pattern - Breakout trade Coming out of a large base and outperforming the market, Pricol formed a base again when the overall market was in correction, now breaking out of the range, can give a big upmove here but need to take care og the position size as SL will have to be deep
A range breakout(horizontal) as well as a large triangle consolidation breakout at play here with good volume, can see firther upmove and retest of the brakout region(safest entry) and then an upleg again
A volatility contraction pattern being formed here, pricelikely to breakout from here and target levels are mentioned, along with 2 different SL
In demand zone now, can see good upmove from here and SL is tight. As soon as the bear trend channel on Hourly chart breaks will be a good sign for bulls
Wyckoffian Accumulation structure in JD weekly chart can see a big rally in months ahead with the cause being built from the accumulation range, although SL will have to be wide(recent pivot/swing low) so position size need to be adjusted accordingly
Adani Ent is consolidating in a triangle pattern absorbing selling from the previous swing high, can breakout from here. Also bouncing from the demand zone as marked in the chart