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
Wyckoff
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).
Shankara Building Products: Nice Breakout TodayThe stock has been consolidating in a trading range for a while now. Have a look at the price action over the past few days. The candle size has shrunk and so has the volume. The rally today represents a breakout from the range. The price action today is also backed by higher trading volume. I have bought a few shares today. Would add more on subsequent buy signals.
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..
Case Study---Accumualtion -reaccumulation-distributionIndividual events in the daily charts will be updated in the Updates section soon with respective expert's blog for better reference to the case
Disclaimer...invested, not an investing/trading recommendation
Can SOS return to Push APOLLOHOSP up ?Apollohosp after a LTF upthrust and failure at 1210 level continued it downtrend. Trading at 1180 its approaching a good support level which can provide good push up if SOS is seen in this region.
1174-1160 is the area to watch for SOS in APOLLOHOSP
If SOS is seen and 1145 is defended can expected a pullback to 1196/1208
Entry: around 1160 zone on sight of SOS
SL: 1145
Tgt: 1196/1208
Asahi India: Another Range BreakoutThis stock was discussed earlier and has since moved up sharply. After a brief consolidation, the rally today represents a fresh breakout from the smaller trading range. Am holding this stock and might add more. Looks promising.
Surya Roshini: Nice Set-up and a Breakout TodayThe price action is very encouraging from a Wyckoff perspective. I will watch this stock this week for a potential pull back or "back up to the edge of the creek" in Wyckoff parlance. Looks promising.
Universal Cables: Interesting Price ActionThe stock has been in a consolidation for a while now. There has been some semblance of buying interest in the past few weeks. The recent price action indicates tight consolidation near a short-term resistance. A breakout past 110.6 would be interesting event to look forward to. Am watching this one for potential long entry.
Phillips Carbon Black: Nice Consolidation, Awaiting BreakoutStock is in a major uptrend. It's been consolidation in a tight trading range in the past few weeks. Price action in the past few days has been constructive and the rally today is promising. A breakout past the high of the range, backed by higher volume will be interesting.
I bought this stock today. Would add more on a breakout. Watch this one !!
Sutlej Textiles: Nice Consolidation, Awaiting BreakoutStock has been in a major uptrend and has been in a consolidation off-late. Watching this one for breakout signals. Would be keen to buy this...
Specialty Restaurant: Wonder AccumulationYou have a bigger degree consolidation or accumulation highlighted by the green shaded box and a smaller degree one represented by the yellow box. Notice the breakdown, breakout and retest. Was reminded of my mentors quote "There are no accidents in price"
Chart looks bullish and today's price action is promising. This one is in my shopping list. Plan your trade and position size correctly.
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
Hindustan Petroleum: Classic Wyckoff Re AccumulationThe range marked by the magenta lines comes across as a classic Wyckoff Reccumulation zone. The volume signature and the recent rally confirms the bullish view. A breakout past the higher end of the range and a successful re-test would get me interested in this stock from the long-side.
Am watching this stock with interest.
Lotus Eye: Nice Re-AccumulationMy mentor would say there are no accidents in price and that is very apparent in this chart. Take a look at the weekly chart if you want to get some context for why price is getting into a trading range highlighted in this chart.
The overall set-up looks bullish to me and I am keen to buy this stock. A breakout past 40 bucks will be a very healthy development and I would look to take profits at 60+.
JK Tyre: A Wyckoff Spring in Intra, Long-Term BullishPrice seems to have completed a Wyckoff Spring in the hourly time frame. The stock is in a uptrend in the daily time frame. A breakout past the recent high of 185 would be a positive outcome and strengthen the case for the Wyckoff Spring argument. The occurrence of this Spring at the "Breakout-Retest" zone in the weekly & monthly time frame strengthens the bullish case bias.
This stock is in my watchlist and I might consider buying it tomorrow.
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.
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.
Aditya Birla Fashion: Nice Wyckoff Case StudyAs highlighted in the chart, price has completed a Wyckoff Accumulation phase. Breakout from the range with higher volumes indicate the start of Mark-Up phase.
Watch this stock.
TIL: Text-Book Wyckoff AccumulationThis stock is a perfect candidate for those wanting to study Wyckoff methodology. Price has cleared the inside-channel line and has to clear the upper / bigger trend channel.
Chances are that we might test the lower end of the trading range, marked in green box. Such a move may offer a nice buying opportunity, provided our assumption of Accumulation is valid. On the contrary, a breakout above recent highs would indicate that the Mark up phase is underway.
Plan your trade and position size based on your risk parameters.
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.
Just Dial: Is It a Wyckoff Accumulation Range ?The trend channel represents the channeling technique used by Wyckoff. After a throw-under, representing the Selling-Climax, price has bounced sharply, which is labelled as "Automatic Rally"
If the assessment is right, expect this stock to spend some time in the range marked by the magenta lines - 375-903.
