Get started

Supply and Demand

HCL INFO-A CASE OF WYCKOFF ACCUMULATION IN POTENTIAL MULTIBAGGER NSE:HCL_INSYS THE SCALE IS NOT LOCKED, ZOOM ACCORDINGLY WHEN NECESSARY In the daily chart.. A potential bullish cypher is due completion... this is a point of good long entry planned.. The other long entries are planned in phase c and d as mentioned.. the Markup target is a conservative one, and will be updated once the base formation i done.. here is the provisional target from the point and figure charts.. Details about wyckoff schematics can be found in the following link containing "Anatomy of a Trading Range " by Jim Forte ...https://static1.squarespace.com/static/54fed56be4b0b8a1d3d33918/t/55808ff8e4b0bcfabac9ae03/1434488824889/Anatomy+of+a+Trading+Range.pdf Also a reference to a blog by my favourite wyckoffian, Bruce Fraser stockcharts.com stockcharts.com Disclaimer... Interested , not invested...will think of taking position if satisfied with the fundamentals which is currently under search Not an investing/trading recommendation
NSE:HCL_INSYSEducation
by capsule91
2
INDUSIND BANK Wyckoff Reaccumulation - An lovely case to studyNSE:INDUSINDBK BSE:INDUSINDBK the markup will require time to build up, the Bank nifty index over all showing a lot weaknness at resistance... So this might be an excellent posiiton to accumulated and add, taking advantage of the short term market weakness .. the markup target was derived from this Point and Figure chart ... for reference on wyckoff schematics this famous text by Jim Forte "anatomy of a trading range " can be used.. static1.squarespace.com Disclaimer.. not invested, not an investing/trading recommendation
NSE:INDUSINDBKEducation
by capsule91
2
learning wyckoff methods 2.0- the bearish cypher fail..there was a sharp retracing from the line of good demand and close above another line shows SOS.. this bearish cypher most likely will fail to reverse the uptrend and it will test the line above... i have a feeling this will even cross it, the advance has such a massive volume, if this big spread on the advance is reversed of then the demand is most likely to take the prices above 39 soon and then may be lose steam over there.... This is bulls a their prime... the wckyoff channel oversold line was violated and there was sharp denial from the bulls, and the close of the candle was back in the channel... if this is not SOS what is then.... the cypher's take profit is -.618CD at 32, which is not happened i gues.. hence the fail... i doubt even if 0.5 can be crossed...
BSE:AKSHOPTFBREducation
by capsule91
NIFTY's View Nifty has formed Broadening Formations : Right-Angled and Descending . After touching the lower line 3rd time it was moving up gave an impression to touch the other side of pattern but again it has reversed and continued in the prevailing down direction. Statistically this partial rise mostly predicts the direction of the breakout which is down in this case, however demand may emerge in price zone of 10145 - 10095. If that fails to provide support we may witness free fall till 9700 as there is no significant support in this zone.
NSE:NIFTYEducation
by praveen.bhatiya
RELIANCE A POSSIBLE DOUBLE TOPIf one watches reliance closely the stock may form a typical double top chart formation and the leading indicator over here is the volumes traded on the stock which if we watch we can see is less as compared to the previous time the stock reached this level what it means is "last time when the stock reached this price the demand was met with higher amount of suppliers" in this case 8 million(approx)/(TOP 1) volume in which supply was more than the demand. Now at peak two the volume has decreased to 6 million which please "note does not matter unless the demand(buying) is more than the supply(selling/shorting)".Here it is clear that the stock crossed its previous high of 957.80 to 959.50 and saw heavy offloading supply to traders who thought the price will break above. "This is a lesson never to buy at higher levels no matter what analyst say on TV/Big Brokerage Houses".God knows what they are planning. "A close above the previous high is more important or a confirmation that the demand is greater than > supply". Such a confirmation is a indication of new price range because it forces Short Covering in the stock.And continues till the demand Dry's out and reaches a level of absolute satisfaction that there are no more buyers at higher levels and the price begins to drop there are indicator's for such research or analysis is the 'Open interest' and the 'volumes'. MY TRADE VIEW ON RELIANCE "please note that there is a possibly i might be wrong because reliance is one of the most liquid stocks in India and demand can pick up easily but according to the analysis and volume indicators i have come to this conclusion" SHORT POSITIONAL TRADE ON THE STOCK Short @ 950-955-959.50 Stop @ 965 Target @ T1-935 T2-915 (condition that the stock closes below 931)
NSE:RELIANCEEducation
by manavtechresearch
4