Wyckoff
Muthoot Finance: Wonderful Wyckoff AccumulationThe stock comes across as a wonderful wyckoff accumulation candidate. If this view is correct, then price should get into a mark-up phase or a trending phase with higher spread and volume. The bullish view will be invalidated on a close below the LPS level in the chart.
Await Wyckoff Point & Figure chart target soon !!
Page Industries: Wonderful Wyckoff Re-distributionThis stock has taken a knock recently. The price action comes across as a nice set of Wyckoff redistribution. The first target was achieved and the second one is pending. This link has the point and figure horizontal count target. d.pr
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 Industries: A Potential Wyckoff Accumulation & SpringThis stock is an interesting case study for those interested in Wyckoff analysis. The price has been stuck in a range for a long while now. The recent sell off on high volume comes across as a potential Wyckoff Spring. The quick snapback into the trading range with higher volume today is a positive sign.
Am watching this stock with interest and looking to take long trades if I see further strength going forward. What I want to see is ease of movement to the upside or sign of strength in Wyckoff parlance. Strong green candles with above average volume is what I am looking for. Let's see how this one shapes up.
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
Torrent Power: Comes Across As A Nice Wyckoff AccumulationAm watching this stock with interest. A good strong green wide ranged candle with above-normal volume is what I am waiting for. A breakout and pull back or retest of the upper end of the range is the ideal or preferred course of action. Interesting price thus far, today. Let's see how this stock shapes up. Looks very promising.
Orient Refractories: Nice Base Formation At Gap SupportThe stock has slipped from an overbought condition to its support zone at prior gap area. It has been consolidation in a tight range recently. My expectation is a retest of the recent highs if the range breakout happens. Am looking to buy this one today if we manage close near the day's high. Interesting stock !!
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.
Power Finance Corporation: Wonderful Case of AccumalationCheck the chart for annotations. I am long in this stock and would add more on a breakout above 95. My stop loss is at 83 as of now in cash.
Arvind : Possible Spring : Not a trading or recommendation advice.
Low Risk trade with SL @ around 305.
Wcykoff Reaccumulation , markup and test done....Long on this stock. Also a Fundamentally good stock.
Not a Trading/Investing Recomendation
Wyckoff Accumulation and possible Markup.... WatchListWyckoff Accumulation and possible Markup.... Need to check the reaction on BO.
Wyckoff : JAC in Phase B.Increased vol and JAC after accumulation of 3 years.
Possibility of MARK UP.
ADOR FONTECH : WYCKOFF ACCUMULATION.Details in chart.
Super BULLISH.....
Not a trading or Investment Advice.
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.
IRB Investment Pick - AccumulationIRB is in the process of Accumulation
Our buy will be after a test of sellers
SL below the Test Low
Aditya Birla Fashion: Looks PromisingI had discussed about this stock on a few occasions earlier. The expected breakout did not materialize until recently. The price action in the past few weeks / months has not invalidated the view shared in prior updates. Stock looks interesting and am keenly watching it for entry opportunities.
