capsule91

Case Study---Accumualtion -reaccumulation-distribution

Education
capsule91 Pro Updated   
NSE:TATASTEEL   TATA STEEL LTD
Individual events in the daily charts will be updated in the Updates section soon with respective expert's blog for better reference to the case
Disclaimer...invested, not an investing/trading recommendation
Comment: Point and Figure chart of the corresponding vertical chart
Comment: bclx=buying climax
sclx=selling climax
ar=automatic reaction
st=secondary test
lps=last point of support
sos=show of strength
sow=show of weakness
Comment: stage 1.. accumulation...
here is the link to a blog by Bruce Frasher, my favorite wyckoffian ..
http://stockcharts.com/articles/wyckoff/...
Comment: stage 2.. reaccumualtion..
HEre is a wonderful blog by Bruce about reaccumualtion http://stockcharts.com/articles/wyckoff/...
this link is important for showing how th epoint and figure charting is used in wyckoff /articles/wyckoff/2018/01/reaccumulation...
Comment: then there was a long uptrend before distribution started
Comment: stage 3 distribution
here is a good Bruce's blog on /articles/wyckoff/2018/02/distribution-r...
here is another ongoing case of distribution in US bond market which i charted
Comment: i will update this idea, how it goes with tata steel in future, whether another redistribution happens or fresh accumulation
Fundamentally, this is an improving cyclical company, currently in adowncycle, which might end in coming times soon...
So i expect accumulation to restart soon after the mark down...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.