INDUSIND BANK Wyckoff Reaccumulation - An lovely case to study Education

INDUSIND BANK LTDNSE

Description

⋅ Apr 20, 2018 11:46 AM

NSE:INDUSINDBKBSE:INDUSINDBK
the markup will require time to build up, the Bank nifty index over all showing a lot weaknness at resistance...
So this might be an excellent posiiton to accumulated and add, taking advantage of the short term market weakness ..
the markup target was derived from this Point and Figure chart ...

for reference on wyckoff schematics this famous text by Jim Forte "anatomy of a trading range " can be used..
static1.squarespace.com/static/54fed56be4b0b8a1d3d33918/t/55808ff8e4b0bcfabac9ae03/1434488824889/Anatomy+of+a+Trading+Range.pdf

Disclaimer.. not invested, not an investing/trading recommendation

Comments

WYK_TR

⋅ Aug 4, 2018 2:09 PM

All time favorite , Portfolio stock...

WYK_TR

⋅ Jun 4, 2018 4:59 AM

Great post..and analysis