Volume
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.
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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
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
Fedex Taking Flight?Fedex took a 10% dip today based on their earnings report on Sept. 19th, 2024. Their profit showed a decline of profit near $382 million year over year. However reading into it, they invested heavily in cost reductions and optimization that should start being evident in the next year or so. Fedex right now seems like an undervalued stock pick. We could possibly see a correction to the Gap Fill Target of 300$ in the next two or three weeks.
Reddit increasing value; Indicators showing strength After a dowward movement since July 15th, we got a support and a change direction in early August, however during several days, the price oscillates making a rectangle.
The price cross over the rectangle resistance before FED cut interest rates.
The price went long and we can confirm with volume that transaction are rising.
At the moment the price are in an important resistance, nevertheless this time, MACD is above 0, and ADX is crossing DMI- with DMI+ already in a long direction.
It can be a cautious entry, by just waiting for a strong bullish candle, or be more agressive and take the opportunity from the indicator
Insiders loading - BIG GAP FILL POTENTIAL - AMLX - BIOTECH PLAYInsiders high level are loading up shares in the sub 3.00 area, I will personally scoop up shares between 2.99-2.54 Below that this plan is invalid. Stop placed at 2.54.
HUGE POTENTIAL FOR GAP FILL ON ANY POSITIVE NEWS. GOING THROUGH NO MANS LAND WITH VOLUME MEANS HUGE POTENTAL.
Because these things can be event based set your limit sells at numbers that make sense for you.
I will be cutting 35% around 4.30-4.40. Might buy back if it drops to 3.80s before any gap filling takes place.
Looking at a 43% upside from these levels to recent highs and if a bullish event-based volume day happens... Well, 6.51 is the next stop, and possibly $11.
Not a bad risk/reward ratio here.
Maybe the insiders, CFOs directors know something we don't just yet.
PLTR signals reversal is close byPLTR gaps below upward trend line showing last few days as a false breakout with price exhaustion
horizontal support forms. Once PLTR breaks below this and holds, more selling to come
RSI pushes below SMA showing validation with the move.
Volume increasing on the gap also giving validation to the recent move down
We should start to see more weakness in the stock going forward for a little bit.
NASDAQ near the buyers' zone. H4 04.09.2024NASDAQ near the buyers' zone
The NASDAQ stock index is forming a correction and is approaching the strong zone of buyers 18293-18579 from which I expect its rebound upwards. So far the move down is within the correction and now the price is trading in the margin zone. But as for me, there is not enough downward manipulation and then we will look at the buyback volumes. If they appear, we will act.