EURNZD Analysis UpdateWe forecasted and shared our view of EURNZD, where we spotted this WYCKOFF Distribution Schematic.
And as per our analysis the market dropped immediately & currently
Running 93+ Pips with 1:3.5+ RRR!!
Wyckoff
USDCAD MarkupsHere we notice wyckoff distribution(15min) tested with another Re-distribution on the (3 min) for the reason of 3min OrderBlock with imbalance.
Now expected to test the 3min extreme POI over the 5min recent POI. Lets see how its play.
EURUSD markupsExpect some wyckoff accumulation will occur marked bottom zone which is the test area of previous marked 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.
Ruchira waiting for breakoutRuchira in consolidation from Aug 21. Go long at 75-80.. Near term target 119-129
Turn around in NIFTY PSE sectorTurn around in PSE sector? Typical long term Wyckoff consolidation in the sector and might overperform NIFTY 500 once it breaks 4680 - 4700. Interesting names in the sector are BEL and HAL.
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
GOLD ShortSetup Contains:
- Wyckoff Distribution
What is Wyckoff distribution?
The distribution is sideways and has a range-bound trading period. It usually occurs after a prolonged uptrend. This is the trading zone where big players build short positions or distribute long positions and wash out retail traders.
FOLLOW PAFX & LEARN AND EARN 💸
NZD/JPY LONG POSSIBLE, WYCK-OFF ACCUMULATION ON PROGRESS (1:50) in 1 hour wyck-off accumulation process going on, trade accordingly (1:50 rr)
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.
NiftyPharmaWyckoff Distribution Schematic #1: Bearish
though this is not exact wyckoff. phase B is bit more volatile.
JBChePharmDistribution Schematic #2: Wyckoff Bearish
thr is a probability that it may move up to form better LPSY
NiftyWyckoff distribution bearish schematic #2 is in progress
17300 is imp to break to complete the structure and pls pay attention ST is missing so this is an orthodox wyckoff
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
Reliancereliance wyckoff accumulation bullish it has shown spring already and now only last phase is pending
