Observed patterns Lower Time frame 1) Flag 2) Higher Higher low Higher TIme frame 1) VCP Squeeze formation on Higher time frame 2) Trend line support 3) Volume dryup during the squeeze. High volume sell off not getting follow through indicating exhaustion setting in.. Break out expected above or between 590 and 620.. View invalid below 520.. You can expect...
Expect a sharp upmove from 1179 in IndusInd above 50 EMA to the targets shown T1 - 1202 T2 - 1226 SL - 1172 Good R:R of 1:2 and 1:5 for each target.
TCS getting ready for a good upmove. Wait for a short pull back and reversal before entering into position T1: 3650 T2: 3800 T3: 4000 SL below 3300
Have taken a short on 1hour TF. Confluences seen - HA RSI - Moving down from peak Relative Strength is below 63 , 200 MA RMI is seen red and moving down from the Top. Trend line resistance has been tested.. Target 1 22278 Target 2 22025
Continuing previous post on BTC Short. You can see a Wolfe wave has formed and T1 being touched. T2 is the next support level and can be tested if T1 breaks and sustains. Booked half the profits at the current level.
BTC COnsolidating at lower levels, Volumes favorable. To be seen if the recovery is sustainable. Might trade in the range unless FAN resistance/Support levels break supported by volume. Need to watch Gann fan and Resistance breakout supported by Volume to enter into any positional. For now view is Neutral to Bearish until the trend clearly turns favorable. I am...
Wedge formed in 3 hour time frame. Lower high formed indicating change in momentum Reco: Take short position only if 3 hour candle breaks trendline and moves lower breaking key support levels around 22500. Break of trendline can move BTC towards T1 at 21900 and T2 at 21000. To be confirmed. This is not a trading reco and trade is not active at this point in...
Observations: 1) Multiple pocket pivots on the long side 2) Volume sustaining the upmove post the long consolidation. 3) TRend and CE signals on Indicators in this strategy support the move. Conservative swing traders can wait for another Retest before entering into trade for above mentioned targets. Position unviable below 1100. DYOR
Took a short on BTC - expect to TRAIL SL Short on Candle breaking below trendline HA RSI reversing from top Relative trend 63 goes below 200 RMI is having a crossover at the top.
Observations: 1) Sell volume has dried up 2) Pocket Pivot buy triggered on Daily Time frame 3) Support taken at 200MA. 4) CE and XTrend positive. 5) QQE mod on green Conservative Trader can wait for pullback and re-enter. Target 160 levels are previous resistance.
There is a small Pocket Pivot volume buy on Ambuja Cements pushing the Stock to 375 levels. I have taken a bet on a OTM long strangle. Any further pickup in volume with continuation Pocket pivots can move the stock over 375 towards 390. Expect to exit the long strangle next week.
Another 50% move seems likely.. The Support level at 220 has been tested 7 Times and has held solid with good volume buy at that range.. Funda : Good stock - ROCE > 14 , ROE Between 15 and 20 Tech: EMA 50 above EMA 200 RSI below 70 Relative Strength with respect to Index improving. Stock is trading above 200EMA and i like the current move holding a small qty...
Waiting for a Volume upswing to take one more intraday position for 16600 on NIFTY. You can see the Sell volume dry out gradually since the day high was crossed. Consolidation seen at AVWAP Band from Day low. Patiently waiting for next upswing to take a ATM CE call
This is much better visualized on 3 min timeline but since TView doesnt let me show on less than 15 mins, check the increase in Buy volume and steady increase during retest at trend line and break above R1(Red line ) on CPR. The levels aligned perfectly with the CPR levels and the squeezed TC/BC with CPR indicating a Trending session. Expect a short consolidation...
Astra Zeneca, seems to reversing out of consolidation on Weekly - Testing trendline on the upside with good Marubozu candles supported by Good volume and break of RSI above NIFTY relative trend. Expect the trend to continue short - medium term, will watch next week candle before taking position. T1: 3311 T2: 4337 T3: 4892 These are not very far off from the...
Pivot BC and 2 days AVWAP band have a confluence. Seems to be short term support but break below BC can take this below to S1 on CPR. Wont take trades on the long side on this chart till comprehensively TC is broken on CPR and candles trend above AVWAP black band supported by good volumes.
Check and trade along with Volume and Direction on Higher time frame. I set AVWAP on 1hour and use 12Min for direction and confluence with Volume on 3 minutes, use CPR levels for targets. You can see the levels given are above TC and BC above and below pivot aligning with the VWAP drawn for 2 days and day low.
Bullish on HDFC Life Both Weekly and Daily trends on RSI relative to NIFTY is +ve Strong Volumes accompanying the weekly breakouts. Targets in line with the previous Resistance levels marked.