NooBs Trading Step into Wild Market
- Thread starter frisky
- Start date
Stock Selection Analysis - 28-Mar-17
AXISBANK - After a series of 4 No range candles including Doji's, a good solid green bar has emerged from the base of support with a PRO GAP, which usually refers to the institutional buying, which is evident with the volume as well. So we can expect another up move with the momentum , if the HIGH of the candle is breached.
CONCOR - Price on support showing two hammer candles after a pullback, both these hammer candles have huge volume, meaning big time accumulation is happening. The price is in consolidation for continous 14 days of which average volume is 400,000 - 500,000 . But just these two candles particularly have accumulated a sum total of 1.8Million shares, which is worth noting. And price is currently sitting on a trend line base. So any high break, it is BUY
AXISBANK - After a series of 4 No range candles including Doji's, a good solid green bar has emerged from the base of support with a PRO GAP, which usually refers to the institutional buying, which is evident with the volume as well. So we can expect another up move with the momentum , if the HIGH of the candle is breached.
CONCOR - Price on support showing two hammer candles after a pullback, both these hammer candles have huge volume, meaning big time accumulation is happening. The price is in consolidation for continous 14 days of which average volume is 400,000 - 500,000 . But just these two candles particularly have accumulated a sum total of 1.8Million shares, which is worth noting. And price is currently sitting on a trend line base. So any high break, it is BUY
Stock Selection Analysis - 29-Mar-17
ADANIPORTS - This had broken out from the resistance zone with an ascending triangle pattern and now it is on its pullback stage upon which the candle formed is a hammerish pattern upon support with good fair amount of volume., a breach above the HIGH , is a BUY for intraday and Positional target could be Fib Extension 61% which is 340ish zone.
ADANIPORTS - This had broken out from the resistance zone with an ascending triangle pattern and now it is on its pullback stage upon which the candle formed is a hammerish pattern upon support with good fair amount of volume., a breach above the HIGH , is a BUY for intraday and Positional target could be Fib Extension 61% which is 340ish zone.
Stock Selection Analysis - 29-Mar-17
ADANIPORTS - This had broken out from the resistance zone with an ascending triangle pattern and now it is on its pullback stage upon which the candle formed is a hammerish pattern upon support with good fair amount of volume., a breach above the HIGH , is a BUY for intraday and Positional target could be Fib Extension 61% which is 340ish zone.
ADANIPORTS - This had broken out from the resistance zone with an ascending triangle pattern and now it is on its pullback stage upon which the candle formed is a hammerish pattern upon support with good fair amount of volume., a breach above the HIGH , is a BUY for intraday and Positional target could be Fib Extension 61% which is 340ish zone.
Stock Selection Analysis - 30-Mar-17
AMBUJACEM - This had been doing Higher Highs and Higher lows so far, until it started to rest and had a complex pullback to support zone. At this present candle, it had a volume spurt with green candle , possibly the momentum can be to upside , if breach of HIGH, LONG it is !
CASTROLIND - This is having the move along the trendline base, and took the support from there along with 2 good volume candles, the likelihood of having a 3rd candle is rare, but still it is good to have on watchlist , if break of HIGH, BUY it.
M&M - A hyper volume candle along the Fib 50% of the swing , and along the support zone, another confluent factor is trendline support jump. The formation of candle is High Wave Candle, where Bulls won.. so with this in perception, I expect the price to crack the HIGH and BUY it , TGT would be around 1360 zone.
RELIANCE - This is presently resting along the previous swing high zone which is action as support as if now, a hammer and a bull candle evident with good amount of volume, a break of HIGH, BUY it.
AMBUJACEM - This had been doing Higher Highs and Higher lows so far, until it started to rest and had a complex pullback to support zone. At this present candle, it had a volume spurt with green candle , possibly the momentum can be to upside , if breach of HIGH, LONG it is !
CASTROLIND - This is having the move along the trendline base, and took the support from there along with 2 good volume candles, the likelihood of having a 3rd candle is rare, but still it is good to have on watchlist , if break of HIGH, BUY it.
M&M - A hyper volume candle along the Fib 50% of the swing , and along the support zone, another confluent factor is trendline support jump. The formation of candle is High Wave Candle, where Bulls won.. so with this in perception, I expect the price to crack the HIGH and BUY it , TGT would be around 1360 zone.
RELIANCE - This is presently resting along the previous swing high zone which is action as support as if now, a hammer and a bull candle evident with good amount of volume, a break of HIGH, BUY it.
Update :
AMBUJACEM - had a very minute move up above the HIGH of the candle.
CASTROLIND - It broke the HIGH, but didn't sustain above it, came down forming a shooting star
M&M - broke the high and it just cracked down, either SL hit or trailing SL hit. This can be taken into watchlist for next session as well as it is supporting the support and it can go up.
RELIANCE - it had a good move and hit the target
Stock Selection Analysis - 31-Mar-17
ACC - just broke out of the resistance zone with good volume, expecting the same volume to be carried out next session with up move, a break above HIGH is BUY.
GODREJCP - Resting along the trendline base with a DOJI candle over a high volume day, expecting an up move with the break of HIGH, BUY.
MARUTI - Presently in a ranging mode between two zones, a green candle with fair amount of volume , expecting an up move . BUY above HIGH
Supporting document for MARUTI published on 1-Apr-17 on NSE
So the sales submitted is good with over 9% sales, so Monday can be a day for MARUTI
ACC - just broke out of the resistance zone with good volume, expecting the same volume to be carried out next session with up move, a break above HIGH is BUY.
GODREJCP - Resting along the trendline base with a DOJI candle over a high volume day, expecting an up move with the break of HIGH, BUY.
MARUTI - Presently in a ranging mode between two zones, a green candle with fair amount of volume , expecting an up move . BUY above HIGH
Supporting document for MARUTI published on 1-Apr-17 on NSE
So the sales submitted is good with over 9% sales, so Monday can be a day for MARUTI
Last edited:
ACC - Had the gap up and didn't break the high of the 1st minute itself. So no trade
GODREJCP - It had a decent intraday move.
MARUTI - I took the trade personally during first 5 min and locked the profit when the gap was filled and started moving up. I knew after 15 min it still didn't break the high, hence closed with whatever profit that market gave me.
GODREJCP - It had a decent intraday move.
MARUTI - I took the trade personally during first 5 min and locked the profit when the gap was filled and started moving up. I knew after 15 min it still didn't break the high, hence closed with whatever profit that market gave me.
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