Dixon Bullish, reversing to the mean line in the channel.Dixon has taken support around the baseline of a long term channel.
MACD has already indicated a reversal and the price is headed to the meanline which is atleast 5000.
Target- 5000
SL- 3900.
The view is supported by observation of move on Q4FY21 results day. This exhibited Long-Building behaviour on that day and since then maintaining uptrend.
Breadth Indicators
BASED ON 1-2-3-4 STRATEGYTICKS - ADX THEORY 3 LOWER LOWS , GIVING THE SCRIPT ENTRY TO BUYERS
disclaimer - for study purpose only.
HLong
Volumeprofile analysis to find accpetance and Rejection HDFCBANKFinding Value area is the key to success in trading.
HDFC Bank had an initiating move today and even it was one of the mover in Nifty.
As mentioned in the chart, any move breaking the rejection zone can be an initiation trade. But keep a close look on some of the important parameters like News and Events.
As per the recent market conditions, HDFC Bank is a value buy for the money at 1010 to 1020.
FYI.. Volume Profile is one way to identify the true interest in the trading zone.
Disclaime
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These breadth tools help us visualize more
To truly understand how BankNifty moves, we need special tools called breadth indicators. Price action doesn't help us accurately predict all the movements, but with this indicator, you can recognize which are fake breakouts and real.
Really useful for breakouts and trend following.
If you want the indicator Pm me.
If you have any queries, please message me.
Banknifty Secrets Revealed. Trade with Market depth data.Have you thought about how the price of BankNifty is calculated?
The price is being calculated by using the free-float market capitalization of the underlying stocks.
To truly understand how BankNifty moves, we need special tools called breadth indicators. Price action doesn't help us accurately predict all the movements, but with this indicator, you can recognize which are fake break outs and real.
Really useful for breakouts and trend following.
If you want the indicator Pm me.
If you have
Pendant Flag in BankNifty and analysis using breadth indicatorsHave you thought about how the price of BankNifty is calculated?
The price is being calculated by using the free-float market capitalization of the underlying stocks.
To truly understand how BankNifty moves, we need special tools called breadth indicators. Price action doesn't help us accurately predict all the movements, but with this indicator, you can recognize which are fake break outs and real.
I have also developed a momentum based indicator which tells you where the market likes to head
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