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NCC on wyckoff reaccumulationThe present price action went above the demand line of the channel and face a climactic stopping action n came back into the trading range to retest supply.. this looks like last point of support in formation post Phase C sos.. Also the huge surge in volume at 52week support speaks the same impression whats interesting is, the macd is bearish and ichimoku system is at a decision point, and rsi is at long term support.. Lets see how it evolves into a LPS, the upside is modest.. Disclaimer.. not an investing/trading recommendation NSE:NCC BSE:NCC
NSE:NCCLong
by capsule91
2
Praj Industries: Awaiting A BreakoutThis stock looks bullish in the weekly and monthly charts. A look at the daily chart indicates consolidation near a key resistance level (denoted by the red dashed line). Am waiting for a breakout above the line (backed by higher volume) before buying this one. My guess is that it is just a question of time before the stock registers a big breakout and heads north. Lets wait and watch if the breakout does happen. There are of course a lot of other nuances that a passionate chart reader can spot. Am not getting into details. Let me have your thoughts too.
NSE:PRAJIND
by techtrail
Ajmera -A sunday revisitit might look a bit messy at the first glance, but i used multiple systems 1.potential bearish harmonic pattern in completion of the bullish CD upleg 2.The ichimoku system as explained 3.Wyckoff reaccumualtion as explained 4.Wilder 52 week moving average support 5.Volume surges at support formed by the preliminary supply 6.Stoch rsi as explained Over all a short term bullishness in a reaccumulation phase which is in the infancy as of now, transiting from phase A to phase B of wyckoff reacc schematics... Markup seems will be around H2 fy20 and volatile sideways might continue through out cy2018.. Disclaimer... invested and accumulating not an investing/trading recommendation Fundamentally good cash flows are due to come from the 3 signature projects Aeon, Zeon and Treon in mumbai, delivery has just commenced from november, 2017...
NSE:AJMERALong
by capsule91
Thirumalai Chemicals: Comes Across As Nice DistributionThis stock has been one of the biggest gainers in the past 18 months or so. The price action over the past few weeks is however suggestive of distribution or selling by the smart money or the composite operator as Wyckoff would term it. Look at the volume signature near the highs and the subsequent price action. Doesn't look too promising to me. If you own the shares, it is probably time to tighten your stop loss. A breakout to new highs, backed by strong volume would make me turn bullish again in this stock.
NSE:TIRUMALCHM
by techtrail
Greaves Cotton: Comes Across As a Re-Accumulation CandidateThe stock has been stuck in a trading range for almost 3-years now. The volume signature within this trading range indicates that major accumulation is underway in this stock. The price action in the past few weeks has been very constructive with volumes picking up along with momentum to the upside. I am watching this stock with interest and would buy it either on a breakout above 140 (intra-day or 2-5 day trading horizon) or above 146.5 (for positional trades).
NSE:GREAVESCOTLong
by techtrail
1
Rural Electrification: Price At Crucial JunctureThe stock has been stuck in a broad range of 71-204 in the past few years. The recent rally has pushed the stock to the upper end of the trading range at 204-ish. Notice the selling tail in the current month candle. The spike in volume and the selling tail suggests that this *might" turnout to be an Upthrust or fakeout. Before jumping to conclusions, it would make sense to await confirmation. Until there is a strong breakout above the recent high of 217, I would be cautious in this stock. On the contrary, a breakout past 217 would have extreme bullish connotation. The will mean that 4-year long accumulation is over and the stock could then get into a major mark-up or uptrending phase. Let's watch this stock for further clues. It could offer a nice trade in one direction or the other.
NSE:RECLTD
by techtrail