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Wyckoff

Wyckoff distribution of Deepak Nitrate This scrip is highly overvalued, and fair value is around 888 (personal view after deliberating fundamentals). Currently, Wyckoff distribution is playing out, and further downside is expected. Fundamentally, scrip is strong, but it is highly overvalued due to excess liquidity. With each interest rate hikes, the fair value, which is 55% of the highs of pre-covid level may become available with squeez in liquidity. At 1850 it is appx 225% of the pre-covid highs, insanely high! Technically, it is under-pressure, and further pain can be expected in distributive manner, until a fair value is achieved. For further information, look at the chart. It is self-explanatory! Disclaimer: For educational purpose. Consult your financial advisor before investing.
NSE:DEEPAKNTRShort
by UnknownUnicorn24887800
5
GOLD - 1H BUY PROJECTION Accumulation Phase Selling Climax (SC) - Selling Climax is a pattern in Accumulation phase characterized by a sharp selloff. It takes place before the Preliminary Support or PS. It indicates that selling pressure has reached a stage in which panic selling by the public will be absorbed by Big Institutional players or Smart money traders. Automatic Rally (AR) - An automatic Rally is an up move that forms after the Selling Climax in the Accumulation phase. The underlying buying interest causes the prices to rally higher, but quickly prices will fall back after making a new high. The highest point of this rally will become the Resistance of the Accumulation range. You can see the example of Automatic Rally or AR in the Image. Secondary Test (ST) - The Secondary Test formation happens after an Automatic Rally. It’s caused by the long covering process of Public Investors, which brings the price back to the area of Preliminary Support. Often prices will bounce back after touching the Preliminary Support indicating the presence of Buying Interest. Springs - Springs are nothing but shakeouts that happens within the Accumulation phase. The prices will fall below the Preliminary Support of the trading range only to reverse back above the trading range within a short time period. (Often referred to as False Breakout) Springs are caused by Big Players to mislead the Public and acquire more shares at a lower price. It influences uninformed traders and investors to sell their shares at a lower price, as they expect a further fall in stock prices. You can see the example of Springs in the Image. Sign of Strength (SOS) - The Sign of Strength takes place after the Spring Pattern, indicating a bullish sentiment in the market. Sign of Strength can form like a normal pullback or minor consolidation at the Resistance level of the Accumulation range. It’s a confirmation that Sellers have lost momentum and prices will continue to rise on the upside. Most of the time SOS looks like a breakout setup which is often followed by a sharp rally on the upside. Take a look at the Image to understand SOS
OANDA:XAUUSDLong
by PAFXLTD
Buy Idea for WIPROI do not like writing beautiful stories and convincing you to like my idea. I'll just give you the reasons which makes me feel, WIPRO can be a good buy. Use your own analysis for execution. Reasons to Buy: 1) Price reaching for the previous accumulation level. 2) Fundamental reason for demand as the company will distribute dividends. 3) IT sector has a tendency to rally during Mid and later half of January. 4) There are gaps to fill above. Entry tips: 1) Consider Lower timeframe confirmations. 2) Time is a important factor, Look for buys before 18th January 2022. Profits targets: 33% of trade @ the vacuum area. 45% of trade @ Rs 700 or on the ex dividend day Remaining portion should be exited at new high or Rs 680.
NSE:WIPROLong
by affluenttrading
2
ALKYLAMINES short term investmentALKYLAMINES short term investment Monthly - Weekly-Daily demand zone Short term investment idea - Holding period 2-3 months Entry at CMP 3422, 3375 & 3330 SL below 3250 CLBS Target T1:3610 & T2:3920 Note(*): Please note that we are not a SEBI Registered Investor Adviser/PMS/Broking House. All the contents over here are for educational purposes only and are not investment advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures and options
NSE:ALKYLAMINELong
by Suhas_Mandge
1