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 5 to 10 Days
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 5 to 10 Days
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
NKE in an Uptrend, but OBV Shows Negative DivergenceD isclaimer: This analysis is for educational purposes and does not constitute a buy or sell recommendation. The goal is to share a technical perspective based on classic technical analysis concepts for traders and investors. Always make investment decisions with caution, taking into account your own analysis and risk tolerance.
I’ve noticed that NYSE:NKE is in an early-stage uptrend, and according to John Murphy in the first chapter of his book Technical Analysis of the Financial Markets (page 4):
"It is assumed that a trend in motion is more likely to continue than to reverse."
However, I’ve also observed a negative divergence between the price action and the OBV (On-Balance Volume).
As Martin Pring describes in his classic Technical Analysis Explained, Volume II: Volume Indicators (page 555):
"OBV, therefore, offers a rough approximation for buying and selling pressure and has become a very popular indicator."
In NKE’s weekly price chart, we’ve seen a higher high compared to the previous top, but the OBV has not confirmed this movement, which could be a warning sign.
Given this divergence, t he strength and continuation of this uptrend come into question. If buying pressure is not sustaining the current price movement, it could signal trend fatigue or a possible short-term correction. Will the uptrend continue, or does this OBV divergence suggest a potential reversal or weakening of the trend? The question remains whether buying strength will be enough to sustain this rally in the coming weeks.
What do you think? Does the OBV divergence make you concerned about NKE’s uptrend? Share your thoughts in the comments, and let’s discuss the possible scenarios!
USD/CAD Trading Analysis With Volume ProfileOn USD/CAD , it's nice to see a strong sell-off from the price of 1.36330. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area and with strong rejection of higher prices are my main reasons for this short trade.
Happy trading,
Dale
USDCHF May End Daily Accumulation SoonRSI Divergence on Daily TF shows slowing down of overall weekly downtrend.
May sweep the bottom range of Daily FVG (0.8560) after Fed Chair Powell gives his speech, and release of GDP Growth rate QoQ Final on Sep. 26.
Then may dive down for the manipulation (0.8350) to sweep bottom liquidity before the bullish distribution in the coming days until next week to target the Weekly FVG (0.8750)
Confluences on Daily TF:
+ RSI Divergence
+ 50 Moving Average (pink)
+ 200 Moving Average (yellow)
+ Bollinger band oscillation
+ Volume profile
+ Wycoff Pattern Distribution
Technical Analysis of DATA PATTERNS INDIA LTDOverview: The chart of DATA PATTERNS INDIA LTD. showcases a robust uptrend from June 2022 to September 2024, as evidenced by the ascending support trendline. This indicates a consistent pattern of higher lows, reflecting strong buying interest and a bullish market sentiment.
Trendline Analysis: The rising trendline, drawn from the lower left to the upper right, highlights the stock’s upward trajectory. This trendline has acted as a reliable support level, with the price bouncing off it multiple times, confirming its significance. Traders often use such trendlines to identify potential entry points during pullbacks.
Fibonacci Retracement Levels: The application of Fibonacci retracement levels provides critical insights into potential support and resistance zones. After peaking around September 2023, the stock retraced to a key Fibonacci level before resuming its upward movement. This behavior is typical in trending markets, where Fibonacci levels act as psychological barriers for traders.
Volume Analysis: Volume bars on the chart indicate significant trading activity at various price levels. These volume nodes often correspond to areas where institutional investors have established positions, making them crucial zones to watch. High volume at specific price ranges suggests strong interest and can act as future support or resistance levels.
Conclusion: Given the adherence to the rising trendline and respect for Fibonacci retracement levels, the outlook for DATA PATTERNS INDIA LTD. remains optimistic. The stock’s ability to maintain its upward trajectory, coupled with significant volume at key price levels, suggests a continuation of the bullish trend. Traders should monitor these technical indicators closely and watch for any signs of weakening momentum or breaks below pivotal support levels.
Bullish Outlook this week last week closed price closed bullish after Fed rate cut news, therefore possible draw on liquidity could be towards previous weeks high
4hr price action is bullish respecting bullish imbalances, created an area of resistance
4hr Fixed Volume profile shows the two highest volume nodes and buyers could still be in control
but we are waiting 4hr bullish close to confirm that price may want continue higher from this area
Since NQ is typically correlated with ES I will monitor both for direction confirmation and divergences and convergences
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 5 to 10 Days
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
WFC - Wells Fargo ABOVE 200SMA & 200EMANYSE:WFC crossed both 200EMA and 200SMA.
ROC and RSI are confirming the direction of the price.
However, DMI+ is still below DMI-, DMI- couldn't keep the strength to keep the negative direction and so it's losing strength with ADX changing direction close to DMI+. With the DMI+ already crossing DMI- in the 4hours time.
Volume it's increasing together with the price, highlighting the increase in demand
Symmetrical triangle breakoutGood volume build up in daily timeframe.
Symmetrical triangle breakout with good volume.
Fundamentals are good.
If after consolidation breaks the all time high resistance then expecting good moves.
NOTE: I do my analysis, do yours before trade.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Long term $180-$190 target. More downside likely short term.I think short term we can see a final push down. Company has way to much in OP EX and once it can figure out how to remove/cut the amount in half, this stock will show to investors that it has a plan for long term profitable growth.
Question is, which earnings report will it be and/or will they release news on lay offs once unemployment really spikes.
BUY THIS STOCK IN MY PINK ZONE AND HOLD 2-5 YEARS.
my main concern right now is AI hype flushing down and/or there cash on hand and free cash flow continues on its down trend...
Potential Scalp - RSI + Volume Based Reversal
A potential Short position is available whether or not we will be able to see a break from bullish ranging support levels. Over the past 2 days we have seen a major bullish push and now we may be able to snare a small to medium reversal back to retest some major bullish volume based price lines.
Some food for thought for your weekend trading.
Obviously with the bullish sentiment due to the recent rate cuts we must be diligent, however we have seen a major non circulating chainlink deposit into binance over the past 12 hours which may in the short term push prices lower. Potentially adopting the same mindset in Ethereum.
In Supply ZonePrice has taken support from 200ema suggesting price is in uptrend after a sudden fall.
Good volume buildup in weekly as well as in daily time frame.
Highest volume build up in in last one year.
Fundamentals are improving but not that great.
FII & DII stakes are up.
Price is in supply zone, wait for breakout for conformation.
NOTE: I do my analysis, do yours before trade.
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 5 to 10 Days
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Thin k
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.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think