VWAP New Settings || Post Market Analysis || Anish Singh Thakur - YouTube

Channel: Booming Bulls

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Hello everyone, my name is Anish Singh Thakur
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and welcome to this quick video
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where I'll give you information about new settings of VWAP in tradingview.
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Well this is...
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what should I tell..
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this is a very normal video,
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but I've got lots of messages on Instagram,
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plus comments have also started coming.
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How do we use the new settings,
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which VWAP, or what should we see.
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It's very simple. Let me take you to the charts.
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As we all know, if we need to see BankNifty,
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so in order to see BankNifty,
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we have to open BankNifty of Futures.
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When we come here and click on VWAP,
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look, this is VWAP here.
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When we click on it.
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earlier VWAP used to come as single moving average,
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but now it's coming like a band video properly.
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Multiple lines have come up.
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What is this.
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As Bollinger Band is an indicator,
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there are bands in it too.
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What is Bollinger Band;
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It is plus-minus standard deviation of 20 moving average.
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So, that is called Bollinger Band.
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This is also something similar, as in
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it has some standard deviations.
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You don't have to do anything.
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There is no need for you to...
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If tradingview has introduced it
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doesn't mean you have to use it.
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If you go on Builtin you'll see
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it has thousands of indicators.
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It has a lot of indicators.
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If you go to Public Library
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you'll continue to keep finding so many indicators.
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Obviously you won't be using all of them.
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So this is where you have to come.
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If you're using the old VWAP strategy,
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because VWAP is a very important indicator.
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Volume weighted average price doesn't change with timeframe.
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You have to go on Settings.
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Just close the upper band,
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close the lower band.
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Upper band two, close, close, close, close.
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We come back.
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Look, the most important component is VWAP.
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Here is your VWAP.
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What you've to do now is
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keep it black, I do it black usually.
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And just do one thing.
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Come on Default here, click 'Save as' and okay to save it.
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You get VWAP back the same way as it was earlier.
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That's it. It was not tough.
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I made this video
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'coz I started getting lots of messagges.
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It would be difficult to tell everyone in story,
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So I thought.. it's something very simple and basic.
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And I guess I'm making this video also
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so that the public
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who is watching this video,
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guys,
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lot of things in stock market is common sense
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that is not common these days.
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So please
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apply these settings
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and start using the VWAP the way you did, okay?
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Okay guys, thank you so much.
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And
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yeah, market.. let's talk about the market also today.
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As we all had thought that
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market will be totally bullish.
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But it didn't turn out bullish.
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After opening sideways
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market dropped down
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and after dropping down, again
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basically in Nifty, not in BankNifty,
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there has been an up move in Nifty,
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but double top has been formed.
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Now it depends if market opens with Gap Up tomorrow,
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then definitely
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if we see the daily candle
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if you'll see the daily candle,
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then bullish momentum which is there now too,
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just one minute.
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I do reset. Okay.
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So in bullish momentum
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a dragonfly Doji has been formed.
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Dragonfly Doji has been formed.
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This is a bullish signal only,
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it's lower price rejection.
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On intraday level,
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it closed just where it opened.
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It's a confusion, there is Doji.
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But still
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lower wick represents buying pressure.
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Let's see how market is tomorrow
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Planning we had for Monday will change for Tuesday,
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it's simple. It's obvious.
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Nobody know what'll happen in market.
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You have to react
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the way your work happens.
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Let's come back again.
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The levels that we discussed yesterday
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let's come to them once.
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Was our target achieved?
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See this, I had told you that
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this is your no trading zone
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and this is your target.
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If we short at this candle, it's below VWAP too,
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this is your target. Target has been hit in IndusInd Bank
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towards short side.
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We'll see Tech Mahindra.
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I'd told you've to buy after this.
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Proper target of Rs.15 has been hit
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as I had told.
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In Tata Motors,
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market has moved to short side.
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Target was not achieved in this.
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Mahindra & Mahindra Finance,
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I'd told that this can consolidate and become bullish again.
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There's nothing to get tensed about in this.
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We'll see SBI.
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Even in SBI
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you have Gap Down,
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and on these levels,
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it took support from this trend line. Let's see.
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There hasn't been any major fall in Bajaj Finance.
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Again, it has consolidated.
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Maybe bullish or bearish, we'll get to know that tomorrow.
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That's it guys. So,
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yes, and,
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I'm telling you something important in Bharti Airtel
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as I'm going to buy this trade.
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I want to show on a daily timeframe.
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that on daily timeframe
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there is a very important moving average,
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which is the most important moving average,
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which I came across yesterday itself.
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I was talking to the team about it.
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So, 200 moving average is the most important moving average.
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Value increases immensely on daily timeframe.
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This proper support that we have,
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if this proper support that we have,
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it's taking it from 200 moving average
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If it has taken support for 1-2-3-4-5 days,
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and this zone that you guys see,
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if closing happens outside this zone,
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I mean to say if closing happens around 535,
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you'll get to see a very nice swing trade.
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Last time it came here near the 200 moving average.
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A very long.. has come there.
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Again a very nice swing trade can be formed, if
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it gives closing at 535.
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I'm giving you one more swing trade.
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And otherwise you all are smart enough
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to know how to use.
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Okay guys. Bye, bye, bye.
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Thank you so much. I'll see you soon in the next video.