Cup. Prior uptrend from 486 to 545 65 minutes timeframe base of cup has low volume. Means selling ha dried. Again on left side of cup volume increase. Pivot is 551 Cup height is approx 550-520 = 30 rs. So 5% move is possible on breakout. I am watching only. Not entering
03112022 $SPY behaved as expected. But lower volume. Lower difference between high lo of the day. Open close nearby. So, Friday action is important. Non-farm payroll may make the difference. As long as 363 is held we still have a chance or uptrend, as per my analysis.
As said going above 390 is a problem. Unfortunately, we have a bad bar with close near low and high volume too. If $SPY goes below 363 and closes below this trend is done. The spy is below all moving averages too. Eben though we have Elliot oscillator green and stochastic 75+ and CCI positive. All these are not enough unless we get $SPY above moving averages...
Uptrend from 150 to 290 levels. Wedge with double bottom. First bottom is 226.20 Second bottom low is 225 Pivot at 282 levels. Price above moving averages. But today (2nd November) long wick on top with higher volume. Need more conformation. CCI green Cons : Elliott Oscillator is red Stochastic above 80 but no bar on top Earnings in 8 days. Since I hold the...
Wedge with Double bottom. First bottom low was 1025 and Second low was 1022 Need to cross 1100 for a buy. Price above all moving averages. CCI Green Cons: Elliot oscillator is still red Stochastic bar above 80 is not yet formed. 3rd November 2022 is earnings. So will wait and watch till setup emerges
$Grasim Industries Ltd. Broke with volume. Entered for 1820 levels. SL 1688 75 minute Chart. Wedge, Duble bottom, Uptrend from 1550 to 1800 levels. Stochastic bar on top, Elliiott oscillator green, CCI green My usual setup parameters to buy is satisied.
Nifty is going up last few days. Consistently. But we also see that this move is not supported by volume. And to add HDFC twins, Reliance, TCS etc are all at least more than 12% down still from previous Nifty high. And now Nifty is hardly 2to 3% from Lifetime high. Something is not matching out well. But I too like majority have long position stocks.
$SPY bounced back yesterday. I was a little worried on Thursday action But yesterday a very good bar with close near top. Volume was above average, Elliott oscillator green, CCI Green and Stochastic above 80 Yet i need a bar on top of stochastic and also need to cross 397 in SPY 397-398 is the .618 retrace from 431 to 348 It is time to make a list and start to...
Stock had a previous uptrend from 263 to 754 Then it formed a Wedge Double Bottom. Second bottom lower than first First was 556, second was 554 Pivot @718 Last few weeks taking support at 9 and 21 averages. 5th September break out was with very good volume. Rtraced and back to highs. Elliot oscillator green CCR Green Stochastic need conformation with bar on...
$DHI is looking good in $XHB index. Weekly chart Once the marked resistance is broken out with volume and other parameters like elliott oscillator turning green CCi green and Stochastic bar on top. I will buy
Previous uptrend as in chart Wedge Double Bottom Second Bottom lower than first one And did not break the low when small rally on left began from 51.23 levels CCI is green as of now Pivot 59.44 need to break Still: Elliot oscillator need to become green Stochastic need to turn up and have black bar on top.
Not a very good close for $SPY The close is near low of yesterday. Bad Sign. Too bad. Volume is also high.
Setup description: $AAPL 25 October 2022 14th October opened can be considered as reversal stock opened below 12th October and closed near top with high volume. From 14-21 October previous day low not broken yet. On 21 October again stock went above 9 and 21 days with high volume and close near top. Now we wait for conformation and hope it takes out 100 day...
$SPY Update. After the big reversal, so far good bars. 25Th October also close near top. Elliott oscillator reducing. Stochastic above 80 When $Spy reached around 390 levels False bar should occur and Ellott Oscillator may become green On the whole positive.
Setup description: 21 October 2022 14th October opened can be considered as reversal stock opened below 12th October an closed near top with high volume. From 14-21 October previous day low not broken yet. On 21 October again stock went above 9 and 21 days with high volume and close near top. Now we wait for conformation and hope it takes out 200 day with a...
Good Bar with volume. If we consider October 13 as reversal hen today gave conformation for that reversal. A little sideways for next couple of weeks and when moving averages fall in line. We are back in action. Hopefully
Third day after the massive rally with huge volume. Good close on 3rd day. Close near top. Now we hope fourth and Fifth day to be green with volume. Then possibly from next Monday we can see a rally confirmed as long 13th October low not taken out. Time to make watch list with good earnings and not made recent low a compared to Nov-may period
Annual growth of 46% is outstanding, Pre-tax margin of 5% is okay, ROE of 10% is good. Luxury watch business The company has a reasonable debt to equity of 12% Stock retraced and took 50 EMA support And retraced with low volume I will look into it once it crosses 1045 Provided Elliot Oscillator turns positive along with stochastic bar on top