SoD (Supply Overcoming Demand) - VSA

22 de jan. de 2021

Rising volumes but price acceptance at higher levels is missing in BajajFinserv. Yesterday stock made a #BuyingClimax candle where the high volume buying was rejected at higher levels and stock closed almost at lower part of the day. SoD/BuyingClimax candle low is 8951 below which short trades can be initiated. Would be a good idea to book profit on longs at current levels.

22 de jan. de 2021

Nota

Disclaimer: Objective of posts is to educate and help members learn technical analysis, from my personal trade picks. All these stock ideas or trade updates are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis the posted trade ideas. These stock ideas or views are momentum picks chosen using technical analysis and indicators and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

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31 de jan. de 2021

Nota

Stock sustaining below SoD candle low and down by 200 points.