Multi-Step Momentum Analysis - Thomas Scott India Limited
Multi-Step Momentum Analysis: Predicting Trends with Demand-Supply Strength and Volume Delta Insights - Thomas Scott India Limited
Price Action:
The price has shown a clear breakout after a consolidation phase (highlighted in pink).
Once the breakout occurred, the trend moved steeply upward, as seen in the green boxes indicating strong momentum.
Volume Analysis:
The Volume Delta (difference between buy and sell orders) has been increasing significantly in the last two phases (30-0 and 60-30 days).
A sharp volume spike during the breakout confirms the strength of the bullish move.
Demand vs. Supply:
The "Demand Strength: 100%" and "Supply Strength: 0%" indicate a strong dominance of buyers in the current trend.
The Moving Average demand strength (95.63%) also validates sustained upward momentum.
Moving Averages:
The locally weighted moving average is sharply upward, aligning with the price and volume trends, supporting the continuation of the bullish phase.
Key Levels to Watch:
Support Level: ₹400-₹425 (previous breakout level)
Resistance Level: ₹550-₹600 (psychological level and extension of the current trend)
Risk Factors:
Watch for declining volume or a sudden increase in sell orders, which could indicate a reversal.
Conclusion:
This chart suggests a strong bullish trend fueled by increasing demand and volume. It is a favorable time for momentum-based traders, but monitoring for signs of exhaustion is critical.
Price Action:
The price has shown a clear breakout after a consolidation phase (highlighted in pink).
Once the breakout occurred, the trend moved steeply upward, as seen in the green boxes indicating strong momentum.
Volume Analysis:
The Volume Delta (difference between buy and sell orders) has been increasing significantly in the last two phases (30-0 and 60-30 days).
A sharp volume spike during the breakout confirms the strength of the bullish move.
Demand vs. Supply:
The "Demand Strength: 100%" and "Supply Strength: 0%" indicate a strong dominance of buyers in the current trend.
The Moving Average demand strength (95.63%) also validates sustained upward momentum.
Moving Averages:
The locally weighted moving average is sharply upward, aligning with the price and volume trends, supporting the continuation of the bullish phase.
Key Levels to Watch:
Support Level: ₹400-₹425 (previous breakout level)
Resistance Level: ₹550-₹600 (psychological level and extension of the current trend)
Risk Factors:
Watch for declining volume or a sudden increase in sell orders, which could indicate a reversal.
Conclusion:
This chart suggests a strong bullish trend fueled by increasing demand and volume. It is a favorable time for momentum-based traders, but monitoring for signs of exhaustion is critical.
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