Distribution
BAJAJFINSV WyckoffWyckoff Distribution Schematic #2 bearish BajajFinsv almost complete. still some room however one may start adding for long term
ZYDUS LIFESCIENCESeducational idea- we expect the stock May go for given target 450/570/680 levels to inspire us,Please like the idea If you agree with the analysis.
NiftyPharmaWyckoff Distribution Schematic #1: Bearish
though this is not exact wyckoff. phase B is bit more volatile.
JBChePharmDistribution Schematic #2: Wyckoff Bearish
thr is a probability that it may move up to form better LPSY
NiftyWyckoff distribution bearish schematic #2 is in progress
17300 is imp to break to complete the structure and pls pay attention ST is missing so this is an orthodox wyckoff
ICICIBankDistribution Schematic #1: Wyckoff Bearish
This pattern started in Mid of Jul 2021 and we are right now in Phase D
Distribution in Sequent ScientificFailure of breakout with high volume, gap down after making high and 2nd gap down after earning...possibility of distribution with sell on raise and gap will act as resistance.
possible distribution in EclerxThere is consistent missing volumes in since 3 weeks, missing volume in 3 white soldiers and movement of price in range
COAL INDIA - Whats Next?COAL INDIA is in strong sideways consolidation for nearly two months between the range of 142 lvl and 150 lvl .
So, could this either be an accumulation/distribution zone & shall expect for a momentum sooner or could this continue in this consolidation phase for some more time ..?
So, What shall be expected from this stock down the days, share your views & insights ..! Anyone?
On a positive note, COAL INDIA has posted good Q1 results on Aug 10 .
BHEL SHORTLooking at the daily chart of BHEL, you can see a simple price action pattern which is explained below. (OPEN CHART FOR DETAILED EXPLANATION)
Firstly, it is visible that BHEL has given a brilliant bull trend from December'20.
Presiding the uptrend, an accumulation phase can be seen and then a breakout form that phase caused the uptrend.
Now, according to price action theory, the stocks' uptrend is firstly accompanied by an accumulation phase (as marked) and then a uptrend and then a distribution phase (as marked).
Following the distribution phase, weakness is expected in the stock. (OPEN THE CHART FOR ALL THE MARKED PHASES AND LEVELS)
To sum up, BHEL has first seen an accumulation phase, then a breakout from accumulation phase causing a good uptrend and now BHEL is seeing a distribution phase (consolidation after an uptrend).
Hence, it is expected that we can see weakness in the stock in upcoming days, given it breaks the distribution phase rectangle (marked) in a negative way.
If it breaks the distribution phase triangle from upside, one may look for buying opportunities.
I would recommend a 'SELL' signal (50% quantity sell) on BHEL for now.
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