techtrail
Long

TIL: Text-Book Wyckoff Accumulation

TIL (NSE:TIL)  
NSE:TIL   TIL
This stock is a perfect candidate for those wanting to study Wyckoff methodology. Price has cleared the inside-channel line and has to clear the upper / bigger trend channel.

Chances are that we might test the lower end of the trading range, marked in green box. Such a move may offer a nice buying opportunity, provided our assumption of Accumulation is valid. On the contrary, a breakout above recent highs would indicate that the Mark up phase is underway.

Plan your trade and position size based on your risk parameters.
Comment: Price action has been very positive thus far. A breakout past the top red downsloping line and the magenta horizontal line will be a major sign of strength. Watch this stock. Could turn out to be a big mover.
Comment: The failure near the upper Magenta line is not a positive sign. Until the high is taken out, there would be a strong case for a sideways to lower trend in the stock.

The swing low of 289 is a key level to watch. A close below this level would strengthen the case for an upthrust and a slide to the lower end of the trading range.
Birlliant analysis.
Reply
what is the name of the stock?
Reply
techtrail nalinakshi
@nalinakshi,

Name of the stock is TIL. Sorry for the delatyed response.
Reply
Unable to decipher if it's algo or log scale
Reply
techtrail abhishekd
@abhishekd,

It is normal scale, not log.
Reply
I can predict NIFTY spot and future point to point both sides Will post tomm range atv8.30 am sharp
Reply
Sorry digit 8880 should be read as 8980!
Reply
Nifty spot broke 8900::and closed above previous close of 8924: tomorrow we can see nifty above 8950 and Futures above 8880
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out