VSA
CROMPTONThe stock is recovering a big down move. Making Higher Highs and Higher Lows. Also moving above the moving averages. Relative strength and Money Flow turning positive. The stock making higher high and higher low in the weekly as well. Breaking past the previous rejection zone as well. Could move to 400 plus levels.
BTCUSDT. Waiting for buyer action Highlights
Preference (buy/sell) - neutral
There's no context for buys at the moment. Looking for sales in a daily uptrend without having a downtrend on the hourly TF is aggressive.
Description
Daily TF
The daily trend is bullish, with the last buyer impulse from 14.10.23 to 05.12.23. Buyers started a renewal from the level of 40222 on decreasing volumes, and now the price is returning to this level. We await the price at 40222 and observe the buyer's reaction. Slightly below this level is the discount zone of the bullish impulse (upper edge ~ 39640). In case the buyer defends the 40222 level, the priority is to look for buys aiming for 43475. If the 40222 level isn't defended by buyers, there's a high chance of price decrease towards the buying zone with the upper boundary at 37649.
Hourly TF
On the hourly TF, there was a range with the lower boundary at 42821, from which the price broke downwards. There was an attempt by buyers to bring the price back into the range; however, the seller defended the breakout without initiating a downtrend yet. Buys can be considered upon the price's return to the range. If the seller triggers a downtrend (defending the break of 40222), sells can be considered with the target being a retest of the local minimum formed upon the breakout.
CENTURY PLY – Poised to move higher?Almost six months of consolidation. Now moved out of the consolidation zone with volume support. The Relative strength is turning positive. Money flow and buying pressure is also positive adding to the strength. Increased delivery-based buying is also seen.
Interestingly, in the weekly TF we can see a nice volatility contraction pattern, making the probability of up move higher. However, 744 is a last point of supply on the weekly TF.
Once the stock moves above 744 it will move much higher. The probability of that happening is quite High. A stock to track.
LICHSGFINThe stock is moving out of a long accumulation zone. After a spring just below the 50 DMA the stock recovered and now moved past the accumulation zone. Volume Support also coming in. Relative strength, Money flow and Buying pressure all positive and rising. Increased delivery volumes also adds to the strength. The stock looks poised to go much higher and test 540 levels
RADICO - Update Early November we saw that that the stock was recovering and at 1284 levels, we anticipated that the stock will test 1450 levels. Now that stock has tested 1450 levels and also crossed the Price Rejection zone and the last point of supply of 1475 as well. The stock looks poised to move higher. Relative strength, Buying pressure and Money flow all are positive and rising. But we need to see more supply. If volume comes in the next of couple of Bars the stock will move much higher.
JUBILANT FOOD
The stock was recovering from a big down move. Then it encountered a BC bar. It took more than three months to come out of the supply shadow of the BC bar. Now it has succeeded to come out of the supply shadow and cleared the last point of supply as well. This accumulation of three month has given enough strength to the stock to move up further. All key supporting parameters like Relative strength, buying pressure and Money flow are positive. A loo at the delivery volumes also indicates committed buyers accumulating the stock. Chances of the stock testing the supply zone cannot be ruled out. Anyway, the stock is poised to move higher. In the weekly chart as well the stock is making Higher Highs and Higher lows. The next target is likely to be 650
MRPL - A stock to WatchThe stock up move was stopped by a "BC" bar. Then the stock was push down to the 50 DMA. Taking support from there the stock started to recover. Now seems to succeed in crossing above the the supply shadow of the "BC" bar in the second attempt. Money Flow and Buying Pressure were already positive . The Relative strength is also turning positive. A good close above 122 with volume support will take the stock to the next lap of the up Move up. A stock to watch.
BHEL - Ready for the next lapWe have been following this stock from 83 levels in July when it formed a nice VCP pattern and was ready to move up. Then after a encountering a “BC” bar the stock was stuck inside the supply shadow of the “BC” Bar. After some consolidation and a “spring’ the stock started to recover. Now it has come out of the shadow of the “BC” bar and has crossed above the previous Rejection zone with good volume support. All key parameters like Relative Strength, Buying pressure and Money Flow are positive. Now the stocks is ready to go to the next lap of the up move.
UNOMINDAFinally the stock is moving in to higher territory. In August we expected the stock to move up . But that move failed. Now the stock is taken out the Price Rejection Zone with Volume support. Other key parameters like Relative Strength, Money Flow, Buying Pressure all supporting the move. The minor, medium and long term trends are all up. The stock looks good to go.
#Bitcoin - thoughts out loud #10
Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
Work plan.
It's a great start, and the end will be even better!
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
- thoughts out loud
- thoughts out loud
- thoughts out loud
P.S.
...Think positive)
Too good to be true. ETHUSDT/ETHUSDT.Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
Too good to be true
Work plan.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
- thoughts out loud
- thoughts out loud
- thoughts out loud
P.S.
...Think positive
BTCUSDT. Waiting for the local high to be updated. Highlights
Waiting for the price to interact with the upper boundary of the sideways range at 37980.
Preference (buying/selling) - neutral.
Description
On the hourly timeframe, a sideways movement has been observed since November 9th. The upper boundary of the sideways range is at 37980. Judging by the wicks of yesterday's hourly candles (see chart), buyers are pushing the prices beyond the sideways range. Buying at the top of the range is not systematic. But if you really want to trade, you can aggressively look for buys when buyers defend the wicks of yesterday's hourly candles. (if the price returns there before breaking out of the sideways range).
31812, 36677 - boundaries on the five-minute timeframe
37302 - boundary on the one-minute timeframe.
EXIDE - Attempting to go to next levelAfter facing Rejection around 280 levels, the stock retreated to below 50 DMA levels. After taking support from a previous Support Zone, the stock started to recover. Now the stock is attempting to take out the previous Price rejection Zone. The up move is supported by a positive Relative Strength, Volume and Money Flow. The Buying pressure is also positive. A good close will take the stock to next new level. Looks good to close.
BTCUSDT. Waiting for actions from buyers and sellers.Highlights
The previous scenario played out.
Awaiting actions from buyers and sellers.
Preference (buying/selling) - neutral.
Description
On the daily chart, buyers resumed from the discount zone (bottom 50%) of the last daily impulse and absorbed the seller's candle on increased volume, forming a buyer's zone (blue color, upper edge of the daily buyer zone 37337.57). This scenario was described here
On the hourly chart, the price is at the upper boundary of the range, but considering the daily context, selling immediately is risky. It is necessary to assess the actions of the seller and the buyer. If the seller breaks the level of 37337.57 and defends it, you can look for sales with the first target at 36744 (upper edge of the daily buyer zone), the second target is 36000. Conservatively look for buys if the buyer breaks the upper boundary of the range (37972.24) and defends this breakout.
CONCOR – Likely to Move higherThe stock faced lot of supply after a “BC” Bar. After taking support at 200 DMA levels the stock recovered. Now it has successfully moved past the supply shadow of the ‘BC” bar. The Relative strength, Absolute strength and Money Flow are all positive. The stock is likely move up further once more volume enters the stock.
BTCUSDT. Long positions are a priorityHighlights
Long entry could be considered either from buyer protection at the lower limit of the range 35600, or from the current levels, if the seller does not appear and the buyer protects his zone (upper limit - 36470) with a target of 37526.
Description
On the Daily TF, there's a long trend. On the hourly chart, there's a sideways market. The lower boundary of the sideways range is below 50% of the last daily impulse. It's interesting to see the price there and look for purchases if the buyer defends the lower boundary of the range (35600), aiming for the upper boundary of the range (37526). Long positions can also be considered from current levels if the seller doesn't protect the candle at 21:00 (exchange time) and the buyer engulfs it.
L_TFH - A stock to WatchA stock to watch. In the month of July when we encountered a BC bar, We did expect that the stock will face supply and struggle to move up. The stock did face lot of supply within the "Shadow of the BC bar". After getting pushed below the 50 DMA the stock was on the recovery move. Finally it is attempting to move past the shadow of the "BC" bar. Relative strength and buying pressure remains positive. However the volume and money flow is still lacking. A good move past with volume support will propel the stock into a higher trajectory.
Also look at the below chart as well
CDSl – at ATH - More UpsideCDSl – at ATH
The stock has now crossed the previous High made almost two years back and at all-time high. But We did catch the current up move very early at 1117 levels in late June. Refer my post of 29th June.
All parameters like Relative strength, Absolute strength, Buying Pressure, Continuous Volume support all indicate further upside. Even high delivery volume indicates good amount of long-term buying.