Accumulationzone
Took Support on Accumulation Zone.NSE:VIJAYA broke out in the Resistance zone at 880 Which is now acting as a support Zone and now acting as an accumulation zone as it got accumulated and bounced back from that place only, making new ATH. Keep in Radar.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
BEL Trying for a Reversal NSE:BEL is Trying to make a Reversal on the Daily Chart with today's heavy inflow as it's now gonna be part of the Nifty 50 which will attract more passive funds chasing it, although a breakaway gap is yet to be filled below the accumulation zone let's see if bulls can defend it a close above 315-317 Levels will confirm that they defended it and further upside can be seen.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Bouncing Back from Accumulation ZoneNSE:MAHABANK after a long time came back to the Accumulation Zone and now bouncing back with a King Candle and Good Volume, The longer-term trend stays intact, fundamentally a stable PSU Bank. Keep in Radar.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Parallel channel breakout with High VolumesNSE:SAREGAMA today broke its Parallel Channel with Heavy Volumes respecting 100 EMA and getting accumulated between 441 - 482 Zones on Daily Timeframe.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Breaking The Following Channel NSE:ALOKINDS is breaking the Short Term Falling Channel after Getting Accumulated in 24-25 Zones, if it's able to Close above 30 we can see Levels of 40 Very Quickly. Keep in Radar.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Getting Accumulated Making A Flag and PoleNSE:INDIACEM is getting Accumulated and Making Flag and Pole Patterns a Breakout on the Upside we see a Swift Swing Trade. Keep in Radar.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Verge of Breaking Falling Channel Closing above 100 EMANSE:SAIL is on the Verge of Closing above the Falling Channel; today it closed above Key Levels and with Good Volumes and it was able to close above 100 EMA. If it closes above the falling Channel and 156 Key Level Further Upside, it may go back to the accumulation zone if it fails.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Breaking Out, Supporting 200 EMA in Accul. ZoneNSE:HINDCOPPER is breaking out of key levels with strength respecting 200 EMA, which was accumulated between 290 and 320 Zones.
With China's Stimulus and Rate Cut ExpectationsCopper Prices have risen. Nifty Metal also Went up Today.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Bouncing from a crucial accumulation zone with volumes.NSE:TATASTEEL Bouncing from a crucial accumulation zone with significant volumes.
147-157 Will be the Key accumulation zone, with an upside of 168 to 185 Zones.
The Metals Sector is in Favour With FED Rate Cuts and China Rate Cuts. Keep a Watch.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Breaking Out Parallel Channel NSE:ABFRL is Likely Breaking out of a Parallel Channel on Dialy Time Frame, 295 - 307 Have Been Seen as the Lower Edge and a Good Accumulation Zone Since Election Day Results, A close above 360 Will give good Upside.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
JGCHEM - 4 Months Consolidation Breakout - All Time HighJ.G.Chemicals Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (April, 2024). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock may find it's next resistance around the price (360 - 22% from the price 294.50).
4) Recommendation - Strong Buy.
Gulf Oil Lub - Falling channel patternGulf Oil Lubricants India Ltd - CMP: 464
Technically:
Falling Channel Pattern
Consolidating in a zone for some months now
Ideal time to accumulate for long term
Target 1: 558
Target 2: 673
Target 3: 838
Stop Loss: 375
Fundamentally:
Strong Promotor Holding
The Co has bought back its 14,16,667 equity shares at Rs 600 per equity share in cash on Feb'22
Consistency in Net profit
Undervalued Stock
Identifying Institutional footprints using Wyckoff AccumulationHere I am using 63Moons monthly chart to explain how Wyckoff Accumulation works. The Wyckoff Accumulation has 5 major phases.
Phase A - Stopping the previous trend
Phase A marks the stopping of prior downtrend.
The Preliminary Support(PS) indicates that some buyers are showing up but still not enough to stop the downward move.
The Selling Climax(SC) is formed by an intense selling activity as investors panic. This is a point of high volatility where panic selling creates big candlesticks and wicks. The strong drop then quickly reverses into a bounce also known as Automatic Rally(AR) as excessive supply is absorbed by buyers.
The Secondary Test(ST) happens when the market drops near the SC region testing whether the downtrend is really over or not. At this point the trading volume and volatility tend to be lower. ST generally forms at or above the same price level as the SC, if the ST goes lower than that of Sc one should anticipate new lows or prolonged consolidation.
The lows of the SC and the ST and the high of AR set the boundaries of the trading range(TR).
Phase B - Building the cause
Phase B serves the function of building a cause for new uptrend. Basically the idea is that something cannot happen out of nowhere, that to see a change in price a root cause must first have been built. Generally causes are constructed through a major change of hands between well informed & uninformed operators in an anticipation of the next markup.
This institutional accumulation takes a long time sometimes more than a year. As institutions do their due diligence and take their required positions.
There are usually multiple STs during Phase B as well as upthrust type actions near the upper range of TR. Early on in Phase B the price swing tends to be wide and accompanied with high volume. As professionals absorb the supply the volume on downswings within the TR tends to diminish. When it appears that the supply is likely to have been exhausted the stock is ready for Phase C.
Phase C - Test
In Phase C the stock price goes through a decisive test of the remaining supply. In Wyckoffian Analysis a successful test of supply is represented by a spring(shakeout). A low volume spring(or low volume test of a shakeout) indicates that the stock is likely ready to move up.
A spring is a price move below the support level of the trading range (which is established by low of STs in Phase A and B) that quickly reverses and moves back to TR.
The spring action is very important and ideal because the greater the movement, the more liquidity you will be able to capture and there the more gasoline the subsequent movement will have.
Phase D - Trend within range
Phase D consists of breakout and confirmation events. After the shakeout event the price should now develop a clear trend movement within the range with wide candles. This is evidenced by a pattern of advances known as Signs of Strength(SOS) on widening price spreads and increasing volume as well as reactions (Last point of Support LPS)on smaller spreads and diminished volumes.
During Phase D the price will move at least to the top of the Trading range. LPS in this phase are excellent places to initiate long positions.
Phase E - Trend out of range
In Phase E the stock breaches the trading range. This phase consists of impulsive and reactive movements and some shakeouts which are short lived. The price here abandons the structure upon which the cause has been built previously and begins a new trend as an effect of the same.
Coming to the chart of 63 Moons any pullback near 180-160 is an excellent place to initiate positions. The Phase E is gonna start soon in this scrip.
Hope you liked my analysis.
Triangle Breakout is expected in REDINGTON.Elliott wave analysis:-
Running Flat took place with B wave as triangle. now an upside move is expected.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
correction in PETRONET LNG completed.Elliott wave analysis:-
Running Flat took place with B wave as triangle. now an upside move is expected.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
JUBLFOOD : A good opportunity for accumulationJUBLFOOD has experienced a correction of more than 50% from its all-time high, which was achieved in November 2021. When a stock experiences a correction of this magnitude, it may represent a buying opportunity for investors who have a long-term investment horizon.
Current price level could represent a good opportunity for accumulation for investors with a long-term investment horizon. It is important to conduct additional research and analysis to ensure that the investment aligns with your financial goals and risk tolerance.