Aditya Birla Fashions: Major Accumulation, Awaiting Mark-UpThis stock appears to be in a Wyckoff Accumulation zone. A swift breakout past the top of the range at 171 would be a big positive development. Am watching this stock with interest...
Wyckoff
Tata Motors: Is it a Potential Distribution?Looking this weekly chart, I have a strong suspicion that this could be a prolonged phase of distribution or ranging price action between the Magenta horizontal lines.
Price has been rejected from the upper parallel of the down-sloping fork. As per Andrews rules, there is a strong case now for a test of the medianline or the middle line of that green pitchfork.
Let's see how this pans out..
Sintex Industries: Sellers Negotiated at Lower Levels, What Now?Price has gone through a phase of accumulation and is now at the prior gap zone. Will it breakout or consolidate again? I am clueless and eagerly awaiting the outcome. This one is in my watchlist
SKM Egg: Looks Like Accumulation ZoneAfter a steady fall, price has been in a trading range for a while now. After a potential Wyckoff Spring, price has gotten back swiftly into the trading range. A breakout past the upper end of the range at 78-ish would be a bullish outcome.
Mahindra & Mahindra: Major Re-Accumulation CandidateStock has been in a trading range for a while now. This range comes across as Wyckoff Re-accumulation. for this hypothesis to be valid, price must swiftly breakout above the high of the trading range and keep marching higher via green wide-range-bars.
Amrutanjan Healthcare: Awaiting BreakoutLooks like a nice Wyckoff Re-Accumulation. Notice the steady drop in volume as the range progressed. This is a typical sign of accumulation. Sellers dry up as buyers lap up available supply. Notice the spike in volume in the current bar. Indicates buyers are getting aggressive.
A breakout past the top of the range at 540-ish would be a sign of strength and would push the stock in a mark-up phase.
Gold Futures: From One Box to AnotherGold has displayed the tendency to move from one congestion zone to another. Price has been in a congestion zone, a.k.a re-accumulation in Wyckoff terms, for a while now. The next destination seems to be the upper green box starting at $1,530-ish, extending all the way upto $1,804. Let's wait and watch.
Pondering if it is time to increase weightage of gold in the portfolio. too early to make that call, but get a feeling that a case for the switch might not be too far off.
Kesoram Industries: Call it A FractalAccumulation within accumulation is what I can interpret from the chart. Nice breakout above the top end of the green range, indicating "Sign of Strength" in Wyckoff parlance. A back-up or retracement to the top green line would make me a willing buyer.
FDC: Nice Price ActionPrice enters the prior distribution zone. Stranded buyers in the zone would offer resistance to the price rise. Expect some congestion in this red zone for a while.
Chennai Petroleum: A Case For Wyckoff UpthrustAfter about 6-years, price revisits price high which comes across as the "Automatic Rally" high in Wyckoff parlance. IF this assessment is right, then expect the stock to drift to the lower end of the range. A breakout past the high of this month at 313 would indicate that the stock is in a mark-up phase and that could open up massive upside.
For now, am not too bullish. Awaiting more confirmation.
IndiaBulls Realestate: Classic Wykoff AccumulationCheck the annotation in the chart. There is a big accumulation phase marked by the blue lines and labeling in black font. There is a smaller accumulation zone highlighted in the magenta lines & font. A breakout past Rs.110 would be a major sign of strength in Wyckoff terms. This would open up the possibility of a rally to 298-300 range.
