Distribution
PETRONET LNG Short & Simple Short term Analysis✔✔💢for risky players💢
enter @230-40 range
strict sl below 200🙏
trgt 258-275-300+🎯🎯
long 400+💰
is this Accumulation Or distribution?
🔹Fund houses/brokerage firms updating their trgt into 280-300-350 levels.
🔹Stock with good financial performance alongside good to expensive valuation.
🔹Strong Financial perfomance.
🔹Also the chart looks postive.
🔹Has been consolidating for the last 4 years.
✔197-202 is the major support level of the stock.
✔In the pademic crash the stock made a low of 170, 40% from jan high.chart below👇
✔Just 15% from it's major support(4 year support).👇
✔I am not saying 40% is small correction.yes it's a good correction.But we can see big rejection/wick candles in weekly time frame.that's why i feel it like an Accumulation.👇
I am not sure guys. I shared just my analysis✨
you can also share your views. Comment below✨
Anyway keeep watching
note this is not a stock recommendation Study then enter🙏
like💚comment💚support
Wyckoff's Schematics - Distribution PhasePresenting Wyckoff's Schematics - Distribution Phase
We here try to demonstrate the distribution phase in Yes Bank.
We had to keep the material short cover all phases of distribution as well.
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Nifty metal#NiftyMetal cmp 3743 tgt 3600-3500
sl above 3850
60min chart
#Wyckoff #Distribution #Bearish
Though this is not a typical text book distribution, but why to take risk.
NiftyNIFTY cmp 14771
1 hour chart
#Wyckoff #Distribution #Bearish
Though this is not a typical text book distribution, but why to take risk.
tgt 13700
sl above 14984
Bank Nifty 45 Min - May be a artificial markupReading the chart of Bank nifty 45 min. It seems like market is in bullish move , but what we are seeing might be a artificial markup. (Given US election tomorrow, we expect some bit of volatility, my take is the market will be more volatile on the day of results than tomorrow).
Nifty is in consolidation: 11600 or 11000 is on cardPosition's are getting created here (Consolidation)
The people who have good knowledge of
derivative can say whether it is accumulation or distribution.
If accumulation it will go up
if distribution it will go down
I do not have good knowledge of derivatives
so I will wait for breakout.
Sell Mastek.., This is how stock market WorksClosely observe the charts. We have shown you the accumulation zone at the bottom in green colour and the distribution zone in red colour. Operator buys at the bottom and sells at the top with the price moving in the range. We are recommending sell as the distribution is about to complete. you see huge selling pressure on daily chart candles. it is sell on rally stock..
