ChoCH and Premium–Discount Zone Analysis of RACL Geartech Ltd. (RACLGEAR)

-

 

In this study, we analyze the daily chart of RACL Geartech Ltd. (NSE: RACLGEAR) with a focus on Smart Money Concepts (SMC) tools — Change of Character (ChoCH) and Premium–Discount Zones.

🔹 ChoCH (Change of Character)

The Change of Character (ChoCH) is an important signal in price action trading. It marks the shift in market structure when the trend direction changes from bearish to bullish, or vice versa.

👉 On the RACLGEAR chart:

  • A bullish ChoCH was triggered when the price broke above the previous resistance near ₹1,050.

  • This breakout came after a long period of consolidation in the ₹850–₹950 zone.

  • The latest strong candle closing at ₹1,218 (+13.83%) confirms bullish smart money activity.

🔹 Premium–Discount Zones

The Premium–Discount model helps traders understand where smart money prefers to buy or sell:

  • Discount Zone (Below 50% of range): Accumulation area for buyers.

  • Premium Zone (Above 50% of range): Distribution area for sellers.

👉 For RACLGEAR:

  • The discount zone was between ₹850–₹950, where smart money accumulation clearly took place.

  • After multiple retests of this zone, price finally broke out and quickly surged above ₹1,200 into the premium zone.

  • This shows that the smart money accumulation phase is complete and price has entered distribution territory.

🔹 Current Market View

  • Support (Discount Zone): ₹900 – ₹950

  • Resistance (Premium Zone): ₹1,200 – ₹1,250

  • Current close: ₹1,218.10

  • Indicator profitability: Not yet established (0%) as this is a fresh breakout setup.

📌 Key Takeaways

  • ChoCH confirmed: Market structure has flipped bullish.

  • Accumulation phase: Happened at ₹850–₹950.

  • Premium zone entry: Now trading around ₹1,200+, where sellers may emerge.

  • Sustained breakout above ₹1,250 could open further upside targets.

Comments

Post a Comment

Popular posts from this blog

OVERSOLD BY LINEAR REGRESSION

-
MAGNAELQ 1,107.30 ▼ −5% Mts  26% GLAND 1,892.20 ▲ +0.33% Mts  21% SUVEN 222.25 ▲ +5% Mts  59% MOL 80.12 ▲ +0.41% Mts  37% AGARWALEYE 425.50 ▲ +2.43% Mts  25% SHARDACROP 913.95 ▲ +1.15% Mts PRIVISCL 2,283.00 ▲ +2.15% Mts GROBTEA 1,033.00 ▲ +3.15% Mts  30% CMSINFO 418.80 ▲ +0.84% Mts  21% KILITCH 369.90 ▲ +2.92% Mts  31% BANSWRAS 128.63 ▲ +1.81% Mts  25% AFFLE 1,929.40 ▲ +1.2% Mts ELGIEQUIP 477.05 ▼ −1.79% Mts SCHNEIDER 890.10 ▲ +4.83% Mts DIACABS 144.21 ▲ +2.45% Mts
Read more

OVERSOLD BY LINEAR REGRESSION

-
*  PRESTIGE 1,538.60 ▲ +1.86% Mts MGEL 15.66 ▲ +3.71% Mts AUBANK 699.75 ▲ +0.78% Mts SOUTHBANK 28.62 ▲ +0.1% Mts * EIMCOELECO 2,011.80 ▲ +4.54% Mts KRITI 134.55 ▲ +1.69% Mts FAZE3Q 449.80 ▲ +9.4% Mts PGIL 1,291.20 ▲ +7.25% Mts RESPONIND 196.10 ▲ +3.49% Mts ASAHIINDIA 834.25 ▲ +2.96% Mts * LLOYDSME 1,302.90 ▲ +0.73% Mts * WELCORP 858.90 ▲ +1.15% Mts NHPC 78.64 ▲ +1.05% Mts
Read more

Top No-Code Algo Trading Platforms in India (2025) – Full Comparison & Ranking

-
 Algorithmic trading is no longer just for coders or quant traders. In India, several no-code algo platforms now allow traders to automate strategies using visual builders, drag-and-drop blocks, or simple indicator-based rules—without writing a single line of code. In this post, we rank the best no-code algo platforms in India (2025) based on ease of use, cost, broker support, reliability, and suitability for beginners or pros. ⭐ Overall Rankings (2025) Rank Platform Best For Why It Stands Out #1 Tradetron Traders wanting maximum flexibility Visual rule builder, marketplace, broker ecosystem #2 Zerodha Streak Beginners & indicator-based traders Extremely simple UI, safe sandbox backtests #3 AlgoTest Options traders Multi-leg builder, live execution, excellent backtesting #4 QuantMan Options & strategy builders Drag-and-drop builder + strong analytics #5 AlphaBots Automated plug-and-play strategies Ready strategies + easy deployment #6 AlgoBulls Beginners wanting ready...
Read more