SunilDhawan

SunilDhawan

Distribution Schematic #1: wyckoff Phases Stock has been struggling past 3 to breakout and sustain one more last dead cat bounce is pending.

SunilDhawan

Good selling in TANLA has formed the bearish parallel channel. Is someone making exit big time here do watch 820-870 level for follow through selling

SunilDhawan Updated 

Pole flag formation with confirmed breakout however Breakout retest is pending

SunilDhawan Updated 

buy 170 tgt 260 sl 130

SunilDhawan

CAMS was given a year back at 2800 with perspective of 4900 that was achieved now this is fresh view BO at 4950 hold for 1 yr minimum

SunilDhawan

nice vertical parallel channel any move above 462 on closing basis could be good oppurtunity to hold for next one year

SunilDhawan

Good consolidation since 2009 and price correction after making high in 2018 now it has formed large parallel channel. If it sustain 145-155 zone then it may stay get double in 2-3 yrs

SunilDhawan

UNH has been forming parallel channel since 2016. Also it has a bigger Parallel channel on large time frame as well. which means it is making large time up move after consolidation.

SunilDhawan Updated 

clearly someone is selling this stock in big quantity and making big exit. stock is having distribution on daily chart and I don't rule out 2100 But pls be caution that wyckoff patterns takes lots of time and they are tough to trade considering the spikes in opposite direction of the trend.

SunilDhawan

Is cochinship trying to make Eiffel Tower Setup by making a top earlier and now follow through selling

SunilDhawan Updated 

Is it the first sign of top formation in HAL. parallel channel upper edge is touched from the bottom. Monthly candle is also doji, follow through will be interesting to watch

SunilDhawan Updated 

It was a great bull run in Indhotel since low of 2020 in past 4 years it has never broken the trendline. going forward if trenddline is broken on weekly chart and if we see hns pattern then it may confirm the trend reversal. else use the oppurtunity wisely.

SunilDhawan Updated 

CAMS has formed flag pattern and given BO this week

SunilDhawan Updated 

Mean reversion happening on bigger time frame. more selling from here may take it to 135 120 level stop loss could be 160

SunilDhawan Updated 

TataMotors has formed Wyckoff Distribution Schematic 2 it may try to bounce one last time before going further down

SunilDhawan

Double bottom formed at 420.85 & later move above 586 confirmed the Bullish "W" pattern expect 912 to be tested in weeks to come with stop loss of 550

SunilDhawan

CESC price distribution is happening on 4 hour chart. it may trying to bounce upto 210 and then next LPSY may be formed and give fresh round of selling. But pls be caution that wyckoff patterns takes lots of time and they are tough to trade considering the spikes in opposite direction of the trend.

SunilDhawan Updated 

Dow jone tranportation average index is in parallel channel from 1971. Since then it has tested lower elbow only 2 time. It look, lower elbow may be tested third time and expect sideway movement before making fresh up move. Don't act without analyzing one price test the lower elbow. Another scenario could be that it is just the retest of the Breakout happened earlier.