Supply, Operator Already dumped last 5 days. so he dont have none, and bought at low price.
These blue candles are Basing Candles. after 3-5 more continue basing candle, Price will come down.
As per numbers, 300-500 Must rally from here.
We can see the HH and HL fromtion in the past but also there is a lack of momentum to going up and we have got our first LL,Now we need a LH for enter in the trade.
This is a case study, which is a part of my learning experience for future records
No investment...
not an investing/trading recommendation
details of the small accumualtion and distribution and further time line to b updated below and continued as a study
For reference, this is 1994 edition of Jim Forte's "anatomy of trading...
the markup target has been derived from this point and figure chart..
This is a classic case of stepping stone reaccumualtion
there is one prior reaccumualtion which needs a special study as a case
will be updating below
Disclaimer.. Not invested, Not an investing / trading recommendation
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...
NSE:INDUSINDBK BSE: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...
Disclaimer..Invested, no trading for last 3 years in this scrip..
Not an investing/trading recommendation
The next events will be updated below as it goes, presently phase C is going on, there should be a transition to phase d with the correction expected and LPS formation..
I nfo about wyckoff's schematics can be found out in this famous description by Jim...
there was a sharp retracing from the line of good demand
and close above another line shows SOS..
this bearish cypher most likely will fail to reverse the uptrend and it will test the line above...
i have a feeling this will even cross it, the advance has such a massive volume, if this big spread on the advance is reversed of then the demand is most likely to...
This is in conjunction with my earlier post about a possible bottom formation in the charts for this downtrend...
Disclaimer.. not an investing/trading recommendation
Nifty has formed Broadening Formations : Right-Angled and Descending . After touching the lower line 3rd time it was moving up gave an impression to touch the other side of pattern but again it has reversed and continued in the prevailing down direction. Statistically this partial rise mostly predicts the direction of the breakout which is down in this case,...
