Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. After Entry, Exit With in 15 Days, whether Target / Stop loss Hit or Not.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Volume
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Exit With in 15 Days, whether Target / Stop loss Hit or Not.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
UROY an energy penny stock LONGUROY basically sells rights to mine uranium for a percentage of the production. It is a penny
stock in the nuclear subsector of energy which is undergoing a renaissance in this era of
fossil fuel addiction detoxification in the context of climate change remediation agendas.
The 240 minute chart shows a parabolic move in mid January followed by consolidation
and capitulation into a double top all at about the first anchored VWAP line above the mean
followed by a trend down into the present level near to the first lower VWAP line.
I will take a long trade here targeting the mean VWAP confluent with a standard Fibonacci
retractment which is the green line on the chart. $.05 is taken as a safe stop loss at the lows.
The target is 0.40 upside yielding a R:r of 8. I have positions in URA and UEC at this time.
The entire uranium subsector is cycling from warm to hot again.
Unraveling Silver's Price Puzzle: Volume Profile AnalyticsH ello,
As I draft this article, the price of silver is currently hovering above the key level of $31.2. This level is considered "key" because it represents a significant point where large buy and sell forces meet, as indicated by the volume profile at the bottom.
The importance of this level is further confirmed by the price action itself. Silver has been in a moderately strong uptrend, as suggested by the linear regression on the candles. However, the uptrend was interrupted at this price, and from September 24 until now, silver has been struggling to overcome the supply and push the price higher. You may observe how volume grows around this level, in a so-called "zone", and decreases as the market moves towards the zone borders. It's both a supply and a demand zone as indicated further by how the price usually returned into the zone after going out from it.
Between October 9 and October 14, the market absorbed significant sell forces. Absorption means that there were sellers, but the sum of the buying volumes (what I call buy force) negated the sell force's impact on the price. You can observe it on the chart where relatively tall sell volume deltas belong to candles of the opposite price action - Yellow volume delta candles to green price candles. Furthermore, if you observe it, you can also see that the buy force moved the price upwards against the sales. Additionally, for the first time since September 24, the demand outweighed the supply for a relatively extended duration.
Overall, the chart signals that it's an important time for silver's price. The market is in a balanced state where demand matches supply. However, if you look at the trend within this balanced state, you find a moderately strong uptrend. Thus, despite the balance, the trend projects higher prices in the future.
Regards,
Ely
Institutional AdoptionI believe that with the launch of DBS token services utilizing its integrated Ethereum Virtual Machine with its core payment engine and various industry payment systems, the rise of similar enterprise solutions would indirectly boost the ETH demand by 5-15% annually depending on how extensively smart contracts are deployed.
Additionally, this incentivises users to stake ETH to gain additional longterm gains which in turn would secure the network, reduce circulating supply and potentially provide a 10-20% boost from staking alone. Also factoring in the growth of layer -2 solutions like Polygon which scale Ethereum's capacity, reduces congestion and gas fees scalability increases by an additional 50-100% and since it also relies on the same network for security there is likely to be additional positive ripple effects.
Price Action Trading Analysis: Chennai Petroleum Corp Ltd
Price action trading is a method of technical analysis that relies on historical prices to predict future price movements. In this analysis, we'll focus on Chennai Petroleum Corp Ltd (CHENNPETRO) on the National Stock Exchange (NSE). The chart spans from October 2023 to October 2024, showcasing significant trends and potential trading opportunities.
Upward Trend and Trendline Support
The chart reveals a clear upward trend with some volatility, marked by significant peaks and troughs. An ascending trendline provides key support levels, with the price bouncing off this line multiple times. This trendline acts as a reliable indicator for traders to identify potential entry points.
Key Observations
Support and Resistance Levels:
The trendline serves as a strong support, with the price repeatedly rebounding when it nears this level.
Resistance levels can be observed at the peaks where the price struggles to break through, creating potential selling opportunities.
Volume Analysis:
Volume bars at the chart's bottom indicate trading activity. Notable spikes in volume often precede significant price movements, suggesting heightened investor interest.
Analyzing volume trends helps confirm the strength of price movements and potential reversals.
Daily Price Movements:
The price action shows daily fluctuations, with the current price at INR 956.00, reflecting a change of +27.05 (+2.91%).
Monitoring daily movements and changes provides insights into market sentiment and potential short-term trends.
Trading Strategies
Trendline Bounces:
Traders can look for buying opportunities when the price approaches and rebounds from the ascending trendline.
These bounces provide low-risk entry points, with the trendline acting as a natural stop-loss level.
Breakouts:
A breakout above resistance levels, especially with increased volume, can signal the start of a new upward leg.
Similarly, a breakdown below the trendline support could indicate a reversal, prompting short-selling opportunities.
Volume Confirmation:
Confirming price movements with volume trends enhances the reliability of the signals.
High volume during upward movements suggests strong buying interest, while low volume during pullbacks indicates weak selling pressure.
Conclusion
The price action of Chennai Petroleum Corp Ltd (CHENNPETRO) showcases a robust upward trend supported by an ascending trendline. By analyzing support and resistance levels, volume trends, and daily price movements, traders can identify potential entry and exit points. Leveraging these insights helps enhance trading decisions, contributing to more informed and potentially profitable trades.
Is Sugar Sweet Enough? ICEUS:SB1! Price is making lower highs and lower lows. Blood incoming??
For any risk adverse traders there is a short trade entering as close as possible to $23 and targeting $20's. Price action is showing weakness short term and remember....
RETRACES ARE COMPLETELY NORMAL!! Just benefit from them and follow the trend.
Technical Analysis of Digital Turbine (APPS)Looking at the stock's (APPS) historical performance, we can see a long lateral phase that lasted about 10 years. It broke out of this sideways trend with a strong bullish rally, reaching a peak of around $100. After that, the uptrend ended, and a downward phase began, following the formation of a Double Top technical pattern.
The downtrend appears to have stopped near a support zone.
When zooming in with a lower timeframe, we notice that the downtrend halted around this area. The stock broke a descending trendline and formed a bullish Head and Shoulders pattern. The neckline was broken with strength, accompanied by a substantial increase in volume, coinciding with the release of earnings and revenue reports.
After the strong rally, the stock retraced and is now sitting at the Point of Control (POC) of a key volume area, which considers the entire history of the stock.
Bullish Scenario
The stock seems to be in a rebound phase after touching the POC. A continued upward movement could target the $7 area, which aligns with another significant volume area.
Bearish Scenario
If the POC area fails to hold, one could consider entering at the $1 level, which corresponds to a support area.
Note of Caution: The stock has experienced a massive loss over three years, dropping from $100 to around $1.50. Therefore, it’s crucial to proceed with caution when evaluating this stock.
Understanding the Flag Pattern - DEEPAKNTR
A flag pattern is a continuation pattern that indicates a brief consolidation before the previous trend resumes. It's characterized by a strong price move, followed by a period of consolidation, and then a breakout in the same direction as the initial move.
Characteristics of a Flag Pattern:
Flagpole: This is the initial strong price movement that forms the pole of the flag. It often occurs with high volume.
Flag: The consolidation phase that resembles a rectangle or a parallelogram, usually sloping counter to the initial trend.
Breakout: The resumption of the trend, breaking out from the consolidation phase in the same direction as the flagpole.
Flag Pattern in DEEPAK NITRITE LTD Chart
In the DEEPAK NITRITE LTD chart:
Flagpole: The initial strong upward movement (represented by the orange ascending trend line) is the flagpole.
Flag: The recent price channel (highlighted by the parallel blue lines) represents the flag, indicating a consolidation phase.
Breakout Potential: Given the high volume during the upward moves and lower volume during pullbacks, a breakout above the flag's upper boundary could signal the continuation of the upward trend.
Conclusion
Flag patterns are powerful indicators of trend continuations. In the case of DEEPAK NITRITE LTD, the identified flag pattern suggests that the stock may continue its upward movement after this period of consolidation. Keep an eye on the breakout above the flag's upper boundary for potential trading opportunities.
Happy trading! 🚀📈 If you need further insights, feel free to follow me! 😊
USD/CAD Day Trading Analysis With Volume ProfileOn USD/CAD , it's nice to see a strong buying reaction at the price of 1.3763.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
The more time passes the more confident i amThe more time moves (i tried to catch the knife when i witnessed the reaction at 217)
i become increasingly more confident on an upmove (at least a gap close).
I wanted to make note that there's a baby head and shoulders bottom in this fractal change and we have bullish divs on RSI.
so it makes increasingly higher probability we will make a full rotation play to value high level (at about 250 usd) and fill the gap.
and i can make a lower timeframe trendline.
infinite money glitch here we GO
check my other posts on TSLA to enjoy my TA and the main idea for higher timeframes!
Why Accumulation Signals a Bullish Future for USOILH ello,
Per the green dotted lines, large players seem to accumulate USOIL. The rising volume data on the bottom chart backs this claim.
The price action resolves within a falling channel. This kind of channel usually breaks upwards. The combination of the bullish channel and the accumulative sentiment signals a bullish future for USOIL.
The same approach was profitable in 2022 and formed a successful trade until July 2022. Unless USOIL breaks the green support zone downward, I expect a bullish outcome in the upcoming long position.
Regards,
Ely
SPY shows signs of topping outSPY hits all time high throwing multiple signals that the rally is coming to a close
Following long term trend, we see we are at same resistance as July hit before reversing
declining volume as recent rally continues gives a bearish signal
OBV remains flat while price hits higher highs through out September and October
We should expect to see a reversal in the near future. The best move to make right now is tighten up stop losses and keeping watching for more bearish signals.
Bitcoin will break 7 month Bullish Flag?Hey traders!
Here we are, as we thought we touched 59K and we came up.
And we're still moving in a long 229 day bullish flag, and hopefully we could break it soon.
The next resistance target is around 68K and if we're going to break this level, plus volumes will confirm and will see short correction if RSI will be oversold we can go upwards strongly!
But don't forget to pay attention for 1 Day MA which is still bearish, volumes that are still descending and RSI.
What's your thoughts?
USD/JPY continue with the UptrendOn USD/JPY , it's nice to see a strong buying reaction at the price of 146.630.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
ES Day Trading Analysis With Volume ProfileOn ES (S&P 500 Futures) , it's nice to see a strong buying reaction at the price 5806.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Trader Dale
Regression Channel for Predictive Price Analysis - LAURUSLABSUnderstanding the Regression Channel
A regression channel is a powerful tool in technical analysis, helping traders identify and predict price trends. It consists of a central regression line flanked by parallel lines, forming a channel that contains the majority of price movements.
Step-by-Step Guide to Drawing a Regression Channel
Identify the Trend: Start by identifying the trend you want to analyze. In this chart of Laurus Labs Ltd., we observe the trend from August 2023 to October 2024.
Draw the Regression Line: The central regression line represents the best-fit line through the price data, minimizing the distance between the line and data points. Use charting tools like TradingView to draw this line automatically.
Add Parallel Lines: Draw parallel lines above and below the regression line to form the channel. These lines should encompass most of the price data. The distance between the regression line and the parallel lines is typically determined by the standard deviation of the price data.
Using the Regression Channel for Predictive Analysis
Trend Identification: The upper boundary of the channel acts as a resistance level, while the lower boundary acts as a support level. Price movements within these boundaries are considered normal.
Reversal Signals: If the price breaks through the upper or lower boundary, it may signal a trend reversal. A breakout above the upper boundary suggests a bullish trend, while a break below the lower boundary indicates a bearish trend.
Entry and Exit Points: Traders can use the boundaries of the channel to determine entry and exit points. Buying near the lower boundary and selling near the upper boundary can be a profitable strategy.
Volume Analysis: Volume bars at the bottom of the chart show trading activity. Green bars indicate buying pressure, while red bars suggest selling pressure. Pay attention to volume spikes during price movements.
Conclusion
Drawing and analyzing a regression channel provides valuable insights into price movements. For Laurus Labs Ltd., the channel helps identify key levels where the price may stall or reverse, guiding your trading decisions. By understanding how to draw and interpret this channel, you can enhance your predictive analysis and improve your chances of success in the market.
Weekly Forecast - Bullish Dominance On DXY Until Further NoticeDXY: We're looking at the weekly range for HTF perspective and it's painting a clear picture. Price is hovering just below 1W equilibrium and so highly probable that we will mitigate this level. I've scrapped the 1D fib ranges as these were arguably a bit too subjective given I could project the retracement from multiple levels. 4H is still bullish and until price begins indicating otherwise I'll be looking for continuation higher on the dollar. This positions me as bullish dollar pairs and bearish dollar cross pairs but upon a closer look, not all pairs are that black and white.
My bias on the respective pairs for the week is as follows:
DXY - LONG
EURUSD - SHORT
AUDUSD - NEUTRAL
GBPJPY - LONG
USDJPY - LONG
As always, will provide a daily update as the market develops.