From LH and LL we suddenly see Stopping Volume and we enter into a Side Ways Trading Zone . We see Huge Spread and Volume -- thats Institutional Buying ( Prelim Support - PS ) . We see the Selling Climax . SC . We see the easy Auto Rally . AR . The AR as expected cannot take us to a new High however it takes us to high of the PS Bar. THAT is a critical Bar . After...
I feel this lookms like Classic Re Accuulation. Ph A resembles Distribution. Ph B to Ph D are Accuulmation. Currently we are in LPS testing of the Support WHICH earlier used to be the Resistance . I feel we can safely buy and buy ... New mark up is arriving soon !
NSE: BCG is on the potential spring of accumulation. Initial position can be created.
WHat Happens Next ? I am hopefulCSB can breakthrough 200 as it has taken good higher supports and absorbed a lot of weak sellers.
Less liquidity .. there is divergence between Weis Wycoff Distribution Indicator and CCI.. RARE for me.