DEEPAK NITRITEIn early January, the stock faced rejection around 2520 levels and it retreated to sub 200 DMA levels. From there, it recovered. In early May, it made an attempt to take out the price rejection zone. There was a move on very high volume. Unfortunately, that move did not succeed and it was pushed back below into the supply shadow of the BC bar which happened on the April 24th. Now, again it is attempting to move above the shadow of the BC bar and the price rejection zone. The relative strength is still positive but the money flow is lacking and also the volume is very low. The momentum has also dropped. So, once this stock succeeds in taking out the price rejection zone and goes above the shadow of the BC bar, the stock is likely to move up higher. We also see a very nice consolidation pattern almost like a cup and handle pattern. So, we need to wait and watch for the volume to increase and the money flow to be positive and the momentum also to come in. So, this is a stock worth watching
VSA
EDELWEISSThe stock is trying to move out of the price rejection zone after nearly four months of sideways move. The relative strength and the money flow are also positive. The volume has been increasing in the recent past and the volume adjusted momentum is also turning positive. All the conditions are favoring the stock to take out the price rejection zone. Once we have a good close above 88, we can see the stock moving up much higher.
ICP Long Swing SetupThe chart suggests a bullish outlook based on the volume and price action. The significant volume spikes during rallies indicate strong buying interest.
The current low volume during the pullback phase supports the possibility of accumulation.
If the price breaks above the recent highs with increasing volume, it could signal the continuation of the uptrend.
Crompton Greaves - Poised move up?After a long sideways move the stock is now attempting go on upward trajectory. Creasing relative strength and Money flow is supporting the up move. Momentum and Buying Pressure are also increasing. Recent increase in delivery volumes indicate good amount of accumulation. Today's ultra high volume is reason for caution. Once we have a positive close above 343 we can expect a 100 point up move.
BABA. The buyer shows strengthHello traders and investors!
Let's take a look at what happened since the last post where I suggested considering purchases. You can find the post linked below. Just a reminder, the solid line represents the main scenario, while the dashed line indicates possible price movements to realize the main scenario.
The price has increased by 13%, with the maximum drawdown so far being 5%.
The situation is most clearly visible on the 2-day timeframe. I explained how and why to use different timeframes in a separate article, the link to which is provided below. On the 2-day timeframe, the price has formed a sideways movement where volume accumulation is taking place. Currently, we see 7 points within the sideways movement. The buyer's momentum from point 7 broke through the upper boundary of the sideways movement at 78.34.
If the buyer defends the breakout above the upper boundary of the sideways movement, I expect the first target to be 96.68. This is approximately 18% from the current price. This is the primary scenario.
If the seller absorbs the last buyer's candle and brings the price back into the sideways movement, there is a possibility of retesting the local minimum.
The ultimate target on the weekly timeframe remains the same - 121.3.
SURYA ROSHNI – Looks good for a quick short term swing The stock was pushed to sub 200 DMA level after facing Rejection around 840 levels. Now the stock is recovering making Higher lows and Higher Highs. Absolute and Relative Strengths are positive. Money is also flowing into the stock. Delivery volumes have increased. The stock likely to test the 840 levels. A quick short term 20% move possible
GODREJ INDUSTRIES The stock has now successfully taken out the Rejection Zone with consecutive Bullish Effort to Move up Bars. Quality Buying seen with increased Delivery volumes. RS and Money Flow has be strong for some time. The stock likely to move higher now . A test of the Rejection Zone is also possible before the up move.
WMinima - violently tested accumulation structure? WMinima has very interesting, possible reacumulation structure. This low cap market structure was violently tested to last no supply candle pattern - test signal was -70% WMinima price range.
Now, I looking for candle pattern with no supply tenor for uptrend confirmation.
TD Swing Long Conservative Trend TradeConservative Trend Trade
+ long impulse
+ biggest volume T2 level
+ support level
+ biggest volume Sp
Calculated affordable stop loss
1 to 2 R/R take profit
Daily Context
"+ long balance
+ ICE level
+ 1/2 correction
- neutral zone"
Monthly Context
" - short impulse
+ biggest volume T1
+ support level
+ 1/2 correction
+ biggest volume 2Sp+
+ weak test to 1/2 correction"
HD Long Day Aggressive Counter Trend Trade 16Aggressive Counter Trend Trade 16
- short impulse
+ biggest untested volume T1
+ support level
+ biggest volume 2Sp+
+ test
+ below first bullish bar closed level entry
Calculated affordable virtual stop loss
1 to 2 R/R take profit
Hourly Context:
"- short impulse
+ biggest volume T1
+ biggest volume 2Sp-"
Daily Context:
"+ long impulse
+ T2 level
+ support level"
Monthly Context
"+ long impulse
+ SOS level
+ support level
+ 1/2 correction"
TD Swing Long Aggressive Trend TradeAggressive Trend Trade
- short impulse
- unvolumed T1
+ biggest volume 2Sp-
- skipping test expecting gap overnight
Calculated affordable virtual stop loss
1 to 2 R/R take profit at 1/2 of Daily
Daily context
"+ long balance
+ ICE level
+ 1/2 correction
+ support level"
Monthly Context
"- short impulse
+ biggest volume T1
+ support level
+ 1/2 correction
+ biggest volume 2Sp+
+ weak test"
INTC Swing Long Conservative Trend Trade Conservative Trend Trade
+ long impulse
+ expanding T2 level
+ support level
+ unvolumed 2Sp
+ volumed test
+ below first bullish bar closed level entry
Calculated affordable virtual stop loss
1 to 2 R/R take profit
Daily Context
"+ long impulse
+ SOS level
+ support level
+ unvolumed Sp"
Monthly Context
"+ long impulse
+ SOS level
+ support level
+ 1/2 correction"
Give me a way better price at afterhours.
I just need my 2 R and I'm out!
CARBORUNDUMThe stock after a long consolidation for 10 months is finally trying to move out the consolidation zone. The Money Flow and Relative Strength are slowly turning positive. The buying pressure also was quite high in the recent times. Looks like the stock is on the way to the next wave of up move.
MAPMYINDIA - A stock to watchAfter a substantial down move to sub 200 MA level, the stock is bouncing back. Now it is crossing above the supply line. The Relative strength and Money Flow turning positive. Increasing Buying Pressure. Increase in Delivery volumes indicate some longer term interest. With a positive close above 1916 the stock will test the previous Rejection levels ( 2343-2200 )
WDS Long Investment Conservative Trend TradeConservative Trend Trade 8F
+ long impulse
+ support level
+ significant bar level
- below 1/2 correction
+ volumed 2Sp+
+ weak test
+ first bullish bar closing entry
Calculated affordable virtual stop loss
Take profit:
20% at 1 to 2 R/R on Daily
20% at Daily resistance level T1
20% at 1/2 of Monthly
20% at Monthly resistance level CREEK
20% at Monthly thick level resistance T2
Monthly Context
+ long balance
+ support level
+ 1/2 correction
+ biggest volume Spring
- volumed test in progress"
RADICOThe stock has been moving sideways after facing rejection above 1720+ levels. Bouncing from support zone and crossing above converging short-term moving averages on high volume. Money Flow turning positive and Relative Strength on the verge of turning positive. Today's Delivery volumes were very high, seven times the average indicating longer term interest. Now the stock is likely to attempt to take out the Rejection zone. Looks like 1800+ on the cards. I am looking for a minimum 10% quick up swing.
KDP Swing Hourly / Daily Long Aggressive Trend TradAggressive Trend Trade 8F
- short balance
- unvolumed ICE
+ bigest volume Sp
- weak volume test closed below ICE
+ first bullish bar close similar level entry
Calculated affordable virtual stop loss
1 to 2 R/R take profit before volume resistance zone / before CREEK
Daily Context
- short impulse
+ biggest untested volume T1
+ biggest untested volume manipulation
+ support level
Monthly Context
- short impulse
+ 1/2 correction
+ biggest volume 2Sp+
- strong test below 1/2 correction
CMCSA Long Swing Aggressive Trend Trade 4RAggressive Trend Trade 4R
- short impulse
+ volumed T1 level
+ support level
+ volumed Sp
+ weak test
+ first bullish bar closed entry
Calculated affordable stop loss
1 to 2 R/R before 1/2 of daily short impulse take profit
Daily Context
+ long impulse
+ support level
+ 1/2 correction
+ monthly support level
+ biggest volume T2
+ manipulation of T2
Monthly Context
+ SOS bar level / T2?
+ 2Sp- + test
PFE Long Investment Aggressive CounterTrend TradeAggressive CounterTrend Trade 10F
- short impulse
+ biggest volume T1
+ support level
+ biggest volume 2Sp
Calculated affordable stop loss
1 to 2 R/R take profit before 1/2 of daily range
Monthly Context
- short impulse
+ 1/2 correction of 15 years long trend
+ historical volume
+ biggest volume of short trend
KPR MILLS
After facing a rejection at 925 levels the stock retreated to 200 SMA levels. Taking support at the 200 MA level the stock is attempting to bounce back. It has crossed above the 200 and short-term moving averages. It has also crossed above the supply line. The last two bars with wide spread up bars closing up indicating good quality buying. Recent increased delivery volumes also indicated accumulation. Now there is high probability the stock will test the previous PRZ level at 872-925. Other parameters like Relative strength is on the verge of turning positive. Money flow is already positive. Ease of movement will be better once the price moves beyond 802.