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GENERAL INSURANCE CORPORATIONThe stock after facing price rejection around 440 to 467 levels came back to below 50 DMA levels. It has been consolidating since then for almost 3 months now. Finally, today we saw it breaking out of the consolidation zone. We saw a widespread bar on very high volume. The relative strength is also turning positive. The money flow has been positive for the last few sessions. We can also see a reversal in the momentum to the positive side. If the stock sustains above the high of today's bar, we can see the stock testing the previous price rejection zone at 440 to 467 levels. Now the only point of caution here is today's very high-volume bar, it is like a BC bar which can cast a shadow of supply bringing the stock down back into the consolidation zone. So that is why we need to have positive close above the shadow of the BC bar for the stock to move higher. So, it is a stock worth watching.
NSE:GICRELong
by karthikmarar
ADITYA BIRLA FASHIONS - Poised to moved up ?The stock saw a huge fall of about 50% from a high of 359. From the bottom, it has been struggling for almost a year to reverse the trend. And of late, you can see the attempt to move up, seeing some success. You can see a break of structure in the daily and now a break of structure in the weekly as well. The relative strength is also positive. The money flow which had dipped is now recovering. The momentum also had weakened recently and is now picking up. Today the stock moved past the price rejection zone at 277 with wide spread up bar with volume support. In the last few sessions, we saw some increase in delivery volumes indicating some interested buying coming in. If the stock sustains above 277 levels, we can see the stock moving up further north. The next destination could be 315 levels.
NSE:ABFRLLong
by karthikmarar
EURUSD. Trading opportunityToday I will analyze the asset on several time frames (1M, 1W, 1D, 4H) to find out where it is advisable to buy and where it is advisable to sell. On the monthly timeframe , there is a bearish trend. The last bearish impulse started from the price of 1.25557. The price has touched the 50% level (1.10458) of the last bearish impulse several times. So far, I don't see a good resumption of the seller. On the weekly timeframe , the price has formed a sideways range around the 1.10458 level (50% of the monthly bearish impulse). The bearish vector 5-6 has met the mandatory target (see the related idea for more details). Currently, the relevant buyer's vector is 6-7 with a potential target of 1.11393. On the daily timeframe , there is a bearish trend. The last bearish impulse started from the price of 1.09812. The price has consolidated above the 50% level of the last bearish impulse (1.07912). So far, we haven't seen a resumption of the seller. On the 4-hour timeframe , there is a bullish trend. The last buyer's impulse started from the price of 1.08129. The price dropped into the discount zone (below the 50% level of the last impulse - 1.08539). The buyer showed a good resumption (result, spread, volume) from the key candle of the impulse (marked "KC" on the chart). Thus, on the monthly and daily timeframes, there is a bearish trend, with the price on both timeframes corrected to the 50% level, and no strong seller is observed at these levels. On the weekly timeframe, there is a sideways range with the relevant buyer's vector, and on the 4-hour timeframe, there is a buyer's trend. Based on this, in my opinion, it is now more appropriate to look for buying opportunities . To understand where to look for buying opportunities, let's consider the lower timeframes: 90M, 15M, 3M. On the 90-minute timeframe , the price has formed a sideways range. The mandatory target of the seller's vector 6-7 has been reached. The relevant buyer's vector is 7-8 with a potential target of 1.08785. The lower boundary of the sideways range is 1.08356. The upper boundary of the sideways range is 1.08828. On the 15-minute timeframe , there is a bullish trend. The last buyer's impulse started from the price of 1.0846. The price has not yet interacted with the 50% level of the impulse (1.08623). At the base of the impulse, a buyer's zone has formed (blue rectangle on the chart) with the upper boundary at 1.08564. On the 3-minute timeframe , the price has formed a sideways range. The seller's vector 9-10 has reached the mandatory target and touched the lower boundary of the sideways range at 1.08651 (point 6 of the sideways range). Below 1.08651, I assume there is seller's liquidity that the buyer might collect. Meanwhile, the 50% level of the buyer's impulse on the 15-minute timeframe is slightly lower - 1.08623. It is appropriate to look for buying opportunities : On the 4-hour timeframe from the buyer's defense of 1.08129. On the 90-minute timeframe from the buyer's defense of 1.08356. On the 15-minute timeframe from the buyer's defense of 1.08623 or from the resumption of the buyer from the zone (1.0846 - 1.08564). On the 3-minute timeframe from the buyer's defense of 1.08651. All long positions should be monitored closely or set with minimal targets due to the bearish trend on the daily timeframe. It is appropriate to look for selling opportunities : On the daily timeframe from the levels of 1.09425 or 1.09812. On the weekly timeframe from the level of 1.11393.
by AlexeyWolf
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
NSE:DEEPAKNTRLong
by karthikmarar
1
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.
NYSE:BABA
by AlexeyWolf
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"
NYSE:HDLong
by MishaSuvorov
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!
NASDAQ:INTCLong
by MishaSuvorov
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"
NYSE:WDSLong
by MishaSuvorov
1
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.
NSE:RADICOLong
by karthikmarar
5