MINDA CORP - Gearing up for More Upside ?After almost two months of side ways move the stock is on the verge of taking out the previous Price Rejection Zone. My checklist all ticked right
Relative Strength
Buying Pressure
Increased volume
Money Flow
Absolute Momentum
Increased Delivery volumes
There is a high probability of the stock moving into the next Higher trajectory. A positive close above 527 will add more conviction.
VSA
GEHC 1H Long Swing Aggressive Trend TradeAggressive Trend Trade
- short impulse
+ volumed T1
+ support level
+ volumed 2Sp-
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Daily Trend
"+ long impulse
+ T2 level
+ 1/2 correction
+ support level
+ volumed 2Sp-
- independent approach"
Monthly trend
"+ long impulse
+ SOS test level
+ 1/2 correction
+ support level
+ volumed 2Sp+
+ weak test"
GEHC @NASDAQ.NMS
Sell Stop 79.68 LMT 81.40, GTC
Sell Limit 84.76, GTC
NLMK 1H Long Swing Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short impulse
- unvolumed TE / T1 level
+ support level
+ biggest volume 2Sp-
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Daily CounterTrend
"- short impulse
+ volumed TE / T1
+ support level
+ volumed manipulation"
Monthly CounterTrend
"+ long impulse
+ T2 level
+ support level"
TONUSDT. Looking for sales opportunityHi traders and investors!
It might be time to open short positions on TON.
Daily Timeframe Analysis
On the daily timeframe, the price has formed a sideways movement. The buyer's vector 4-5 has reached all its targets. Yesterday, the seller brought the price back into the range, and the daily candle closed below the upper boundary of the range at 7.675. Additionally, a seller's zone has formed at the upper boundary of the range (red rectangle on the chart). The lower boundary of the range is at 4.5983. The current seller's vector 5-6 has a potential target of 5.18. The nearest obstacles are 6.58 and 5.9777.
Hourly Timeframe Analysis
On the hourly timeframe, there is a downtrend. The last selling impulse started from the level of 7.5862. This level also serves as the seller's defense of the breakout from the range on the hourly timeframe (marked as RPL on the chart). Currently, the price has interacted with the 50% level of the last selling impulse (7.2243) but has not been able to overcome it so far.
Selling Strategy
It is reasonable to look for selling opportunities based on the idea of realizing the seller's vector 5-6 in the range on the daily timeframe. Possible levels to look for sales if defended by the seller include 7.5862 (hourly timeframe) and 7.675 (daily timeframe).
Alternatively, after a new selling impulse appears on the hourly timeframe, identify the seller's areas of interest and look for selling opportunities from the defense of these areas.
NLMK Daytrade 5M Conservative CounterTrend TradeConservative CounterTrend Trade
+ long impulse
+ SOS level
- strong approach
+ volumed 2Sp-
+ weak test?
+ first bullish bar closed entry
Calculated affordable virtual stop limit
1 to 2 R/R take profit
Hourly CounterTrend
"- short impulse
- unvolumed TE / T1 level
+ support level
+ biggest volume 2Sp-"
Daily CounterTrend
"- short impulse
+ volumed TE / T1
+ support level
+ volumed manipulation"
Monthly Trend
"+ long impulse
+ T2 level
+ support level"
Tata Consumer Products Ltd. This is one of the very few stocks that stood strong in a very weak market. Today when most of the stocks were going down heavily, this one stood quite strong. It has also made a very nice consolidation pattern, almost a cup and handle pattern. So, any good move above the handle would propel the stock to much higher levels. The Positivity will really come into play above the level 1250. This is a stock to watch.
XAUUSD. The Leap. Where will the price go?Hi traders and investors!
More than 13,000 traders have registered for The Leap paper trading competition. One of the assets of the competition is XAUUSD. Perhaps this analysis will help you make the right decision (the SPX500 analysis is available in the linked idea).
In a related idea, XAUUSD predicted that if the buyer defends the $2378 - $2383 range, then the likelihood of the buyer reaching $2431.59 and $2450.125 will increase. The buyer has reached $2450.125, time to update the analysis.
Daily Timeframe Analysis:
On the daily TF, the price formed a sideways pattern, now the current seller vector is 7-8 with potential targets of $2286.83, $2277.345. The seller's vector interacted with the first obstacle of $2391.520, where the buyer won, forming a buyer's zone (blue rectangle on the chart, upper limit $2401.31). The volume of the seller's candle from July 25, which was absorbed by the buyer, is the largest in the last 3 months. Now the price has reached the upper limit of the sideways trend at $2450.125. Let's note the surge in volume on the buyer's candle from July 31 and the closing of this candle above the test of the seller's zone ($2432.065) at the upper border of the sideways band (red rectangle on the chart). Now all attention is focused on the struggle between buyer and seller for the level of $2432.065. To consider the fight, let's consider the lower TF.
Hourly Timeframe Analysis:
On the hourly TF, the price formed a sideways pattern near the upper bounder of the sideways trend of the daily TF. $2437.32 is the lower bounder of the sideways trend, $2458.465 is the upper bounder of the sideways trend.
Selling opportunities:
If the price exits the sideways trend downwards, below $2432.065, and the seller protects this exit, you can look for selling opportunities. The goal is to choose the closest one and follow the deal (monitor how the price passes the range of 2428-2419).
Buying opportunities:
If the buyer protects the lower border of the sidebar (up to $2432.065), you can look for buying opportunities. The goal is the upper limit of the hourly sideways trend and possibly a new ATH.
STLA Long Swing 1H Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short impulse
- unvolumed TE / T1
+ support level
+ biggest volume Sp
Calculated affordable stop limit
1 to 2 R/R take profit
Daily CounterTrend
"- short impulse
+ volumed TE/T1 level
+ support level
- 1 bar reversal?
Monthly trend
"+ long impulse
+ T2 level
+ 1/2 correction
+ support level"
STLA @NYSE
Sell Limit 17.00, GTC
Sell Stop 16.61 LMT 16.75, GTC
I don't want to run it more than 1 to 2 R/R since 1 bar reversal on daily.
SPX500. Where to look for purchases and sales.Hello traders and investors!
Let's analyze the SPX500.
Weekly Timeframe Analysis:
A buyer's impulse has formed on the weekly TF with an impulse base of $5193.1. The seller performed well, showing a good spread and volume. Key impulse candle from 06/10/24 (candle with the highest volume in the impulse, “KC” on the chart), its close is slightly below 50% of the impulse. I assume that the seller will lower the price to the key candle, where it will be necessary to evaluate the buyer’s actions to search for purchases.
Daily Timeframe Analysis:
On the daily timeframe, the seller broke through the bottom of the buyer's last impulse ($5577.4). The seller's impulse is not over yet, since there has not been a buyer's candle yet. The base of the seller's momentum is $5680.4. While the seller is protecting the $5577.4 level, it is advisable to look for sales.
2H Timeframe Analysis:
On the 2-hour time frame, the price formed a sideways movement (the lower border of the sideways movement is $5577.4). Then the seller broke through the lower border of the sideways movement and launched a short trend. The base of the seller's last impulse is $5568. 50% of the seller's last impulse – $5536.1.
On the 8-hour timeframe and the 4-hour timeframe, the price situation is similar to the 2-hour timeframe. The initial level of the seller's last impulse is $5568. 50% of the seller's last impulse – $5536.1.
Thus, in the range of $5577.4 - $5568 there is a context for searching for sales on the daily, 8-hour, 4-hour and 2-hour timeframes .
Selling Strategy:
Seller protection levels $5577.4 or $5568.
Seller protection 50% of last impulse - $5536.1
Buying Strategy:
When the price reaches the range of $5328 - $5436, look for patterns for purchases.
If the buyer returns the price above $5577.4 and protects this level.
SPX500. The Leap paper trading competitionHi traders and investors!
In the previous idea, I analyzed the weekly and daily TF to find price zones for sales and purchases. In terms of sales, the idea worked. In terms of purchases, the pattern has not yet formed. It's time to update analysis.
Daily Timeframe Analysis:
There is a short trend on the daily TF. The last impulse of the seller is from the level of $5594.4. The key impulse candle is located at the bottom of the impulse (the candle with the highest volume, marked on the chart "KC") This is the daily candle from 07/25 and is the one with the highest volume over the last 3 months. What is interesting is that most of the body of the candle is below 50% of the last buyer impulse on the weekly TF (see the related idea, where there is an analysis of the weekly TF).
Hourly Timeframe Analysis:
On the hourly timeframe there were more than 3 price touches of 50% of the seller’s last impulse on the daily timeframe; the seller failed to update the minimum, which may indicate the seller’s weakness.
Selling opportunities:
There is a high probability that the buyer will reach $5504.1 (the minimum of the seller’s previous impulse on the daily timeframe) and $5511 (50% of the seller’s last impulse on the hourly timeframe), where I will watch the seller’s reaction to look for sales.
Buying opportunities:
It is advisable to search for purchases when the price returns above $5504 and the buyer protects this level. On a 30-minute time frame, this will mean an upward exit from the sideways trend and the protection of this exit by the buyer.
KNR CONSTRUCTION - Moving to next orbit ?The stock, after a long consolidation of more than 2 years, made an impressive up move in late May, early June period. Then it met with supply around 344-410 levels. Then again it consolidated for almost 2 months taking support in the previous Major PRZ. Now it is trying to move out of this supply zone. All the other parameters like relative strength, money flow, buying pressure, the volumes, all look positive and likely to aid further up move. So, looks like the stock is going to go into the next higher orbit.
GEHC 1H Swing Long Aggressive Trend TradeAggressive Trend Trade
- short impulse
- unvolumed T1 level
+ biggest volume 2Sp+
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
Take profit:
- 60% 1 to 2 R/R
- 40% daily T1
Daily context
"- short impulse
- unvolumed T1 level
+ biggest volume 2Sp+
+ weak test
+ first bullish bar closed entry"
Monthly context
"+ long impulse
+ T2 level
+ 1/2 correction
+ support level
+ volumed manipulation"
GEHC @NASDAQ.NMS
Sell Limit 83.59, GTC
Sell Stop 79.59 LMT 80.69, GTC
GEHC @NASDAQ.NMS
Sell Limit 82.85, GTC
GEHC @NASDAQ.NMS
Sell Stop 79.59 LMT 80.69, GTC
MOTILALOFS - Ready for 15% up move?The stock was already in a up trend. It faced Price Rejection around 720 level and retreated. Took support at the previous support zone and gearing to move up. Money flow is positive. RS is also on the verge of turning positive. We can good delivery volumes indicating interest longer term buyers. Now likely to test the PRZ . Hence we could see a quick 10-15% up move.
MCD 1H Swing / Investment Conservative Trend TradeConservative Trend Trade
+ long impulse
+ expanding T2
+ volumed 2Sp-
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
Take profit:
1/3 1 to 2 R/R
1/3 daily T1 level
1/3 monthly 1/2
Daily trend
"+ long impulse
+ expanding T2
+ volumed 2Sp-
+ weak test
+ first bullish bar closed entry"
Monthly trens
"+ long impulse
+ volumed T2 level
+ support level
+ 1/2 correction
+ biggest volume Sp
+ weak test"
MCD @NYSE
Sell Limit 261.99, GTC
Sell Stop 250.94 LMT 253.18, GTC
Sell Limit 257.63, GTC
OCO 2A: Sell Shares of MCD Limit at $271.49 (Good 'til Canceled)
OCO 2B: Sell Shares of MCD Stop at $250.94 Limit at $251.94 (Good 'til Canceled)
XAUUSD. There is a context for searching for salesHello traders and investors!
Daily Timeframe Analysis:
The daily TF is sideways movement. Buyer vector 6-7 achieved all goals, going beyond the upper border of the sideways movement at point 5 ($2450.125). The seller returned the price to the sideways movement, forming a seller zone with a lower border of $2420.08 at the upper boundary of the sideways (red rectangle on the chart). Seller vector 7-8 is relevant with potential targets $2286.83, $2277.345.
In the $2420 -$2450 zone, you can look for a pattern for selling an asset. Obstacles on the seller’s path – $2391.52 (minimum of the last buyer subvector in the sideways vector 6-7), $2349.485 (test of the buyer zone formed in vector 6-7)
Hourly Timeframe Analysis:
There is a short trend on the hourly timeframe. Beginning of the seller's last impulse at $2421.7.
4-hour Timeframe Analysis:
On the 4-hour timeframe, the seller broke through the bottom of the buyer's last impulse at $2419.84.
Thus, in the range of $2419 - $2422 there is a context for searching for sales on the daily, 4-hour and hourly timeframes.
SBER 1D Investment Long Aggressive Trend TradeAggressive Trend Trade
- short impulse
+ biggest volume transitional extremum / T1
+ support level
+ biggest volume 2S-
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Monthly context
" Trend trade
+ long impulse
+ SOS level
+ support level
+ 1/2 correction"
TATN 1H Swing Long Conservative Trend TradeConservative Trend Trade
+ long impulse
+ expanding volumed T2 level
+ support level
+ volumed 2Sp+
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Day trend
"+ long impulse
+ T2 level
+ support level
+ 1/2 correction?"
Month trend
"+ long balance
+ expanding T2 level
+ support level"
VZ 5M Long Daytrade Aggressive Trend TradeAggressive Trend Trade
- short impulse
+ volumed T1 level
+ support level
+ biggest volume weak attempt manipulation
Calculated affordable stop limit
1 to 2 R/R take profit
Hour Trend
"+ open gap with retest
+ long impulse
+ SOS test level
+ 1/2 correction
+ support level
+ volume zone"
Daily CounterTrend
"- short impulse
- biggest volume TE / T1"
Monthly Trend
"+ long balance
+ historical 1/2 correction
with exhaustion volume in the end
+ initiative take over
+ ICE level
+ volumed? 2Sp
+ weak test"
VZ @NYSE
Sell Limit 40.22, GTC
Sell Stop 39.89 LMT 40.01, GTC
SLB 5M DayTrade Long Aggressive CounterTrend tradeAggressive CounterTrend trade
- short impulse
- unvolumed T1 level
+ volumed Sp?
+ support level
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Hourly context
"- short impulse
+ volumed T1 level
+ support level
+ 1/2 correction"
Daily context
"+ long impulse
+ above JOC SOS level?
+ support level
+ 1/2 correction"
Monthly context
"+ long balance
+ expanding ICE level
+ support level
+ 1/2 correction
+ volumed Sp"
SLB @NYSE
Sell Limit 48.70, GTC
Sell Stop 47.68 LMT 48.03, GTC
JNJ Swing Long Conservative Trend Trade 14Conservative Trend Trade 14
+ long impulse
+ support level
+ 1/2 correction
+ T2 level
+ biggest volume 2Sp
+ test
Calculated affordable stop loss
1 to 2 R/R take profit
Daily chart context
+ long impulse
+ 1/2 correction
Monthly chart context
- short impulse
+ biggest volume Sp
+ test
+ 1/2 correction
FAST 1H Swing Long Aggressive Trend TradeAggressive Trend Trade
- short impulse
- expanding ICE
+ volume 2Sp
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Daily context
"+ long impulse
+ SOS test level
+ right volume distribution"
Monthly context
"+ long impulse
+ SOS level
+ 1/2 correction?
+ right volume distribution"
Sell Stop 67.15 LMT 67.84, GTC
Sell Limit 69.19, GTC
HBL POWER - High Probability for further up MoveThe stock faced price rejection around 612 on its upward journey and it was pushed down to the 200 DMA levels. And it moved almost sideways for 6 months. Multiple attempts to take out the rejection zone failed and recently it did succeed in moving out of the rejection zone. But it again went back to test the rejection zone. Now again it is moved up above the rejection zone and also the supply shadow of the BC bar of the 15th of July. As you can see the money flow is positive and the relative strength is also positive now. Th e volume has substantially increased and also the delivery volumes have increased in the recent past. All this does indicate that this current breakout of the rejection zone will sustain and it is highly probable that the stock will move up further.
TM 5M Long Daytrade Aggressive Trend TradeAggressive Trend Trade
- short impulse
+ volumed TE / T1
+ support level
+ volumed 2Sp+
+ weak test
- above first closed bullish bar level entry
Calculated affordable stop limit
1 to 2 R/R take profit
Hourly context counter trend
"- short impulse
+ biggest volume transitory extremum / T1
+ support level
+ biggest volume manipulation"
Daily context (trend)
"+ long impulse
+ T2 level
+ support level
+ volumed manipulation
+ 1/2 correction"
Monthly context (trend)
"+ long impulse
+ SOS level
+ 1/2 correction
+ support level
+ weak approach
+ volumed manipulation"
TM @NYSE
Sell Limit 200.85, GTC
Sell Stop 199.53 LMT 199.97, GTC