In this video, we take the approach of supports and resistances to a much more advanced level with the help of anchored VWAP, Volume Profile and then add a pinch of momentum to it with the Relative Strength Index (RSI). The key objective is to find strong zones of support and resistance, which can be used as a base for a long or short trade. And so, we must discover signs of accumulation or distribution. During these phases, if we have a confirmation from the RSI indicator, then, of course, it leads to a high probability set-up. I have taken the example of two large-cap banking stocks in this video and have tried to break down step-by-step how are you should look at the charts and then analyse them so that you are able to patiently wait for the right set-up to trade. I hope these videos are helpful to you, and they add value to your research and analysis.
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