If we look at derivative data 0.80% % DECREASE, with a 3.6% addition in open interest. if we look at volume, there is a 23% rise compared to yesterdays volume iv down by 4 points , pcr is at low point of week and IVP AT 89 percentile . support now at 21930-21960 while after todays cool offnow 22250 -22280 likely to act as a resistance zone
A rejection took place in polycan at swing highs is something to b e cautious about volumes were 17X more than average volume in a week resistance at the higher end at swing highs and till that is taken out fresh long side trade comes with a risk
Volume backed breakout took place today stock witnessed a strong upmove today it witnessed around 8% gains with around 18X more volume than average weekly volumes support and resistance as mentioned on charts
Index witnessed a strong upmove after initial cool off Index witnessed highest ever closing today with Nifty surpassing the mark of 22200 level Going forward ⏩ now Support comes at 22100-22060 area on the lower end followed by 21930 The overall trajectory as can be seen by visible price action suggest that nifty can continue to inch further up towards...
apple is trading sideways expect a down-move if start trading below 178 mark overall regression trend of 80% above 188-192 mark will resume its strong uptrend volume on sell side are higher than average volume
how trend works along with trendline thw example of crompton greaves is a good way to understand
weak counter likely to show a breakdown below 180 the counter is facing resistance on every upmove it can witness a decent downmove #shortsell candidate
Box size: The minimum price movement required for a new column to be added to the chart. Reversal amount: The number of Xs or O's in a column before a new column is added. Support and resistance levels : Areas where the price has difficulty falling below (support) or rising above (resistance). Price targets: The level at which a trader expects the price to...
Point and figure charting is a type of technical analysis that is used to identify trends and potential buying or selling opportunities in a security's price. Unlike traditional bar charts, which display a security's price and volume over a while, point and figure charts only show price movements, disregarding the passage of time. The chart is constructed using...
USDINR: it used to trade with 97% precision in regression channel trends, which is now decisively broken. The current candle seems more like a temporary pullback and the Indian currency might witness strength in upcoming sessions. only believing charts, I would be comfortable having a short stance for target 79.95
Bollinger band suggest the counter is ready to make a breakout multiple times respected bollinger band earlier as shown in the chart. the counter in past have seen support from mid or lower band while resistance at the upper band along with retracements at mid band when in uptrend. which sugest the counter is a good candidate to play via BB
Ceat tyre was in uptrend however stock on weekly chart was making multiple wicks at higherareas. the stock was trading near earlier resistance. The RSI indicator suggested heavily overbought with above 2 things into place. also along with this there was a lower high formation too! indicating supply !
PCBL is a proxy play for auto upmove Stock consolidating near life high areas ! a high probability counter to get dobled up with a horizon of not less than 2 years
short sell pullback trade idea with high+200 point sl
the stock has spent good amt of time in zone 175 to 180 odd zone now trying to lift up o higher zone to mke a new LTH so as per charts , a pullback upto 180/185 levels will be an excellent entry for 200/202 zone with stop at 175 odd zones
the stock as per chart and price action is a range play for either sides overall good as long as above 830 for 950/960 targets wile a good short opportunity in zone 950/970 for 830/820 targets