My charts (and yours too........)

anayash

Well-Known Member
ICICI Bank
Daily: With a perfect bullish up bar reversal from this S level with 1.5xVol>VolMA5, closely monitor for a b/o on the upside.
in many of your charts...i've seen the terms "1.5xVol>VolMA5"....cud't get it clearly! plz explain!
 

kaly422000

Well-Known Member
ICICI Bank
Daily: has been making LL, the same H, LL, LH, LL and HH now. But 1170 zone is proving to be a strong R now.
Yesterday low of 1078 and todays low of 1074 seem to be a tweezer bottom which might be a short term S. With a perfect bullish up bar reversal from this S level with 1.5xVol>VolMA5, closely monitor for a b/o on the upside.
inside bar created here in icici bank brekout or brekdown of the recent day hi or low may intiate big moov if on monday.
 

babukraman

Well-Known Member
in many of your charts...i've seen the terms "1.5xVol>VolMA5"....cud't get it clearly! plz explain!
The volume of the current bar (day, week, etc.,) is greater than the Moving Average (MA) of the previous 5 bars' Volume (day, week, etc.,) by 1-1/2 times or in other words by 150%. If it's 3 times, then it's 300% and so on.
Hope this helps!
 
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babukraman

Well-Known Member
JSWSTEEL

Weekly: Perfect Bullish Up bar reversal after three down bars (seemingly three black crows). Current bar’s low bounced off from the S of 20EMA and closing above 10EMA. MACD line coming closer to the signal line from north and this week reversed upwards; Weekly RSI pointing up at 62. Are these reasons good enough to go long in this counter?