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
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Point and Figure chart of the corresponding vertical chart
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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
stage 2.. reaccumualtion.. HEre is a wonderful blog by Bruce about reaccumualtion stockcharts.com/articles/wyckoff/2015/07/reaccumulation-roundup.html this link is important for showing how th epoint and figure charting is used in wyckoff https://methods...http://stockcharts.com/articles/wyckoff/2018/01/reaccumulation-review.html
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then there was a long uptrend before distribution started
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stage 3 distribution here is a good Bruce's blog on https://it..http://stockcharts.com/articles/wyckoff/2018/02/distribution-review.html here is another ongoing case of distribution in US bond market which i charted
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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...