Search in ideas for "WYCKOFF"
Pidilite Industries: Is this another Wyckoff Stopping Action ?Have a look at the price action in volume signature highlighted in the chart. Am watching this stock with interest if there is a turnaround in price at prior resistance. Interesting case study for sure !!
Balkrishna Ind: Update to Previous Post In my earlier post, I talked about a potential accumulation in this stock, based on the price action witnessed yesterday. The price action today doesn't evoke much confidence. Am watching this stock with interest as it could offer a trading opportunity one way or the other. If the accumulation view doesn't play out, then it could be a classic case of Wyckoff distribution. A breach of recent lows 920 will be a sign that distribution is underway and price could then slide sharply as it gets into a mark-down phase.
So. I am watching this stock with interest. I have no positions in this stock as of now. I exited today the token-quantity long positions taken towards the close y'day. Lets wait and watch !! Will share the horizontal count targets based on further confirmation from price action.
MRF: Wonderful Breakout & Retest, Wyckoff Supply AbsorptionCheck out the price action along with the volume signature in the highlighted zone in the chart. The breakout on slightly higher volume and then the retest on even higher volume was an interesting development. The subsequent price action is a characteristic sign of absorption of supply while the price was congesting. I am long in this stock and would not be surprised with a rally to the levels mentioned in the chart.
NOTE: Even at the cost of sounding repetitive, these are just #NotesToSelf . Am sharing it in the hope that you might find it interesting and may be pick up a clue or two regarding chart reading. These are not meant to be trading recommendations
Cadila Heathcare: Looks Like a Classic Accumulation. The recent price action has all characteristics of a Wyckoff Accumulation. If the assessment is correct, the price should see a good lift up soon. The rally should be on the back of increasing spread and increasing volume. If this happens. I will be happy to buy the stock. Let's see how it unfolds.
Torrent Pharma: Wonderful Re-accumulation CandidateThis stock comes across as a wonderful #Wyckoff #Re-accumulation candidate. After a prolonged trading range, the price registered a breakout and retest of the range. The volume and price signature today is very encouraging. I am long this stock with a stop loss at 1,700.
Eos- wyckoff accumualtionThe last point of support in formation
the ichi moku system depicts a resistance picture at play, but along with a potential break of resistance, considering the impending TK cross and the macd in a favourable cross for a breakout of the kumo clouds..
with wyckoff accumulation acting behind, a fresh motive wave is impending...
trade management wise, Ideally, risk averse traders would wait for that buec formation to happen and ichimoku system to depict a breakout picture and then take positions..
Disclaimer.. not an investing/trading recommendation
Take Solutions : LongIn Phase D as per Wyckoff principles. Mark up after huge consolidation.
CMP 219.
Persistent Systems : in Phase D (wyckoff )In Phase D after a long accumulation.
CMP is 820 (23rd May 2018).
Target as per PnF chart is 1360
Take Solutions: Nice Price Action, Needs Follow ThroughThis stock is a wonderful case study on support / resistance levels and Wyckoff reaccumulation. Notice how price has been consolidating near the all-time-highs. Notice the breakout and retest in the daily chart. A nice chart and am long today..
accumulation is going on Gujarat Pipavav Portwe can wyckoff accumulation in the stock and maybe it is ready fire high or takes time.
just my idea
Aurobindo Pharma: Getting Ready For ConsolidationLooking at the price action, there is a case to suspect that he stock could get into a prolonged period of consolidation or range-bound movement between the two magenta lines marked in the chart.
Pay attention to the spike in volume few weeks ago when the price approached the top magenta line. The price got rejected at the higher end of the range, which is a classic sign of "distribution" in Wyckoff terms.
Unless there is a quick breakout above the top magenta line, I would not be surprised with a gradual slide to the lower magenta line at 582-ish
Coal India: At Key Support, Will It Recover?The stock has been confined within the magenta lines for a while now. Notice how the Average True Range (ATR) has declined steadily as price approached the support at the lower Magenta line. This is a classic Wyckoff stuff. Am looking for some signs of buying interest and momentum coming back into the stock. A green wide ranged bar would get be interested in buying this stock.
This one is in my watchlist for sure.
Asian Paints: Another Wyckoff RangeThe stock has broken below the trend channel, indicating that a trading range could be a high probability outcome. If so, a rally to the upper end of the likely range at 1227 cannot be ruled out. Watch this stock. Plan your trade & size your position in accordance with risk tolerance.
Aditya Birla Fashions: Major Accumulation, Awaiting Mark-UpThis stock appears to be in a Wyckoff Accumulation zone. A swift breakout past the top of the range at 171 would be a big positive development. Am watching this stock with interest...
Nifty 50: Is There A Case For Wyckoff Range?The chart depicts my "probable" Wyckoff labeling. It is purely in the realm of conjecture as of now. Where we close today might provide clues about the relevance of this expectation.
Let's watch and watch.
Mahindra & Mahindra: Major Re-Accumulation CandidateStock has been in a trading range for a while now. This range comes across as Wyckoff Re-accumulation. for this hypothesis to be valid, price must swiftly breakout above the high of the trading range and keep marching higher via green wide-range-bars.
Amrutanjan Healthcare: Awaiting BreakoutLooks like a nice Wyckoff Re-Accumulation. Notice the steady drop in volume as the range progressed. This is a typical sign of accumulation. Sellers dry up as buyers lap up available supply. Notice the spike in volume in the current bar. Indicates buyers are getting aggressive.
A breakout past the top of the range at 540-ish would be a sign of strength and would push the stock in a mark-up phase.
Gold Futures: From One Box to AnotherGold has displayed the tendency to move from one congestion zone to another. Price has been in a congestion zone, a.k.a re-accumulation in Wyckoff terms, for a while now. The next destination seems to be the upper green box starting at $1,530-ish, extending all the way upto $1,804. Let's wait and watch.
Pondering if it is time to increase weightage of gold in the portfolio. too early to make that call, but get a feeling that a case for the switch might not be too far off.
