Kotak Bank is trading near the resistance line.
In the past, it has already followed its resistance and slope down.
It is trading in a disjoint channel.
There is a higher probability that the will fall, however if it crosses its resistance that is 1398 the stock will be bullish.
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First, read yesterday’s silver report by clicking here: Silver Ready To Explode, Tips & Updates
I had written in bold words, “Currently, silver is running above 61K. As per this 4-hourly chart, we can expect continuous uptrend for the levels of 62,000 – 63,360 – 65,000+. It could keep pushing upward until a crossover of 5 MA and 20 MA (blue)…”.
In a trading session, it has touched all targets. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
SCREENSHOT:
In the last trading session, silver has gained +361 points. As we updated in previous newsletters, silver is flying with gold. Silver wings may cutoff after breaking out 60,000 levels and may fall till a hit of control price line. Hence, this breakout will lead the prices 59,000 to 58,000. Don’t forget to keep your eyes peeled at 5 MA (orange).
Currently silver is running above 61K. As per this 4-hourly chart, we can expect continuous uptrend for the levels of 62,000 – 63,360 – 65,000+. It could keep pushing upward until a crossover of 5 MA and 20 MA (blue). Further information I will update shortly.
I would like to keep your attention on the previous week’s major updates:
Copper Warning – This is Not a Selling Opportunity
I had written, “We may see at all-time high soon…”.
Zinc Trading Strategy & Tips with Hourly Chart
I had written, “Based on the current trend:
Uptrend targets: 165 – 170+…”.
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Three days ago, I had given a trading signal EURAUD.
Click here to read it → The Big Move In EURAUD May Be Right Now
The previous chart:
TODAY:
All targets of EURAUD has come.
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What is the volume profile indicator?
Volume profile is a charting feature that shows the traded volume amount of an asset, over a specified period at certain levels’ volume profile shows this data as a histogram in a y-axis next to price levels
Volume profile uses the past traded volume and all the strategies and plans are coming from historical data.
How are these volume profile bars created?
It takes total volume traded at a price, in a specific time period, and divides total buys and sell volumes and shows it on a histogram chart.
Traders can understand and use these volume profile indicators as the most powerful tools in their trading.
Different types of volume profile:There are three different types of volume profile. These types are not so much different in what they do. Their difference is how they show on your chart and the exact time period you want to see
Visible range(vpvr) volume profile visible tool that everyone uses it comes next to price level as a histogram Vpvr automatically shows the volume traded in the price level from the candles shown on the screen. If you charge or go back and forth in your price actions time period, the volume profile visible range will change
Fixed range volume profile fixed range is the exact same volume profile with a minor difference.
When you want to see the traded volume in a time period of price action such as an uptrend or downtrend, you can define the start and end point and see the volume profile only for that time period.
The benefits of using vpfr is that the volume profile Will not change by scrolling in the chart, and it always shows the traded volume in the price levels only for a selected amount vof candle.
Session volume (vpsv) Volume profile session volume shows the volume profile for all sessions shown on a chart.
You see a divided volume profile for each session presenting on the chart. Each session is considered a day, and it is the same with the change time period of the charts.
The volume profile strategy is basically a study of the volume based on price. This is a bit different compared to the regular volume bars. This is then categorized into the buy volume or sell volume and makes this information available visually as it is plotted on a histogram on the y-axis.The longer horizontal volume bars are the ones of interest. These bars represent the price where there is the highest amount of volume.
Value area: The value area is basically the percentage of all the volume that is traded. The default setting for the market profile indicator is 70%. The value of 70% is based on the normal distribution curve.
EURAUD price begins to accelerate higher faster than other currencies from the control price (CP). It can hit 1.63500 – 1.64060 after crossing the CP level.
Hurdle: 1.62150
This hurdle is a game-changer. It could explode downward and prices may fall 1.61850 to 1.61360 levels.
The above information is sufficient for a smart trader to start minting money.