HCL INFO-A CASE OF WYCKOFF ACCUMULATION IN POTENTIAL MULTIBAGGER

Education

HCL INFOSYSTEMS (NSE:HCL_INSYS)

NSE:HCL_INSYS HCL INFOSYSTEMS

503 views

trendanalysis supplyanddemand cypherpattern wyckoffmethods

NSE:HCL_INSYS
THE SCALE IS NOT LOCKED, ZOOM ACCORDINGLY WHEN NECESSARY
In the daily chart ..
A potential bullish cypher is due completion...
this is a point of good long entry planned..

The other long entries are planned in phase c and d as mentioned..
the Markup target is a conservative one, and will be updated once the base formation i done..
here is the provisional target from the point and figure charts..

Details about wyckoff schematics can be found in the following link containing
"Anatomy of a Trading Range " by Jim Forte /static/54fed56be4b0b8a1d3d33918/t/55808...

Also a reference to a blog by my favourite wyckoffian, Bruce Fraser
http://stockcharts.com/articles/wyckoff/...
http://stockcharts.com/articles/wyckoff/...

Disclaimer... Interested , not invested...will think of taking position if satisfied with the fundamentals which is currently under search
Not an investing/trading recommendation

Comments

great analysis. am holding at 40. guess ur calls are matching my list of holdings ;)

mklives

@mklives, wow... you got some good picks bro..! you can send me your holdings in PM if you wish, if i can get ideas from you.... i am waiting for a dip, if so, i will be very lucky to bag it at sub 50s atleast