My Experiments with Market

 CIPLA CMP 912 Lot 650 After a strong uptrend from 575/600 to 900+, the price has been in a range 900-970 Before the rally, the price consolidated between August 2020 to March 2021 with the VP POC 765 This gives an indication of a strong support at 765 The recent consolidation after the rally between April 2021 and December 2021 has been at POC of 950 If the price now falls below 870, it could mean the recent consolidation is region of distribution and the price can then find its support at 765 Strategy Enter short at price 870/865 SL 900 Target 765 RR 0.3

 Asian Paint CMP 3110 Lot 150 The price is under a Heads and Shoulder pattern which gets completed when price falls further to 3064 A trade sets up with price falling below 3060. The target of 2830 and a SL of 3110. With a RR of 0.07, the trade is lucrative.

 ALEMBIC CMP 806.7 Lot 550 The stock has fallen to a level of 800 that was a resistance in August 2015 and was crossed over in November 2020 After high of 1100+ it touched in Aug 2020, the price has retraced back to 800. From its high of August 2020 to CMP, the VP POC is 987 But after touching the high second time in December 2020, the VP POC till CMP is 780 indicating that much more trades happened in this second fall from 1100. This establishes 1100 as a significant resistance If we check the VP from 2015 resistance level of 800 to the final break of the resistance in 2020 it shows the POC at 550 establishing it as a significant support And since 2015 to CMP the POC is at 983 with significant volumes at 800 and 600 The strategy can be that if the price crosses over 850 close, one can go long with SL of 800 and Target of 950-975 And if the price crosses down 725, one can look at a short position with SL of 800 and target of 600

 Alkem Lab CMP 3438 Lot 200 View: Bullish Price has retraced back to its support level around 3400-3500. As per Fibonacci retracement, the price has already done 50%. It might resume the upward trend either from here or from the golden ratio at 3100 Volume profile at last consolidation area of mid-July to early August indicates a support at 3450 Volume profile at the uptrend following the above consolidation indicates a resistance level of 3810 The volume profile in the recent fall/retracement indicates a support at 3500 The 8 and 13 EMA daily have closed their gap pretty much and if momentum persists, the 8 EMA can drive up the 13 EMA Plan Take long position at price crossing over 3500 Stop Loss at 1 weekly ATR of 213 i.e. price falling below 3285 Target at 1.5 weekly ATR i.e. at price 3713 Plan will be shelved if prices do not bounce in next week