WyckoffBull

WyckoffBull

1. BTC is in downhill as indicated in the earlier study of HS 2. We are at first AVWAP support level drawn from Jun 2019 at 20669 3. The H&S study shows, bitcoin can go as low as 14800 which also coincides with another AVWAP support from highs of Dec 2017. 4. This is great value zone and lot of contrarian will get active in this zone stabilizing the btc price. 5....

WyckoffBull

1. Nifty is at strong support zone in terms of both previous support zone of Jun - Jul 21 and adaptive VWAP zone. Levels of 15600 - 15900 is the support zone. 2. Given Inflation data in the US markets and the risk of rate hike, this support zone looks weak. 3. Point and Figure indicates a bottom of 14800 zone and it also coincides with another AWAP level of 14200...

WyckoffBull

Is this proper formation of head and shoulders? if its true then we are in trouble... We might go back to 4-5 years back levels.

WyckoffBull

1. BTC is correlating with NASDAQ in recent times. 2. Interest Rate hike by FED is the headwind right now. 3. BTC showing signs of weakness and might settle down in 31K - 33K

WyckoffBull Updated 

GNFC coming out of 3 month consolidation with huge volumes. Looks like institution buying footprint. Medium term target of 40%.

WyckoffBull Updated 

Ruchira in consolidation from Aug 21. Go long at 75-80.. Near term target 119-129

WyckoffBull Updated 

Steel exchange is consolidating with MM's VCP pattern. Near term target 300.

WyckoffBull Updated 

1. Possible breakout in ATGL 2. Might test levels of 2000 3. Good entry point 1800 - 2000 4. Downside risk of 25%, if below 2000, might see levels of 1500 - 1600 5. Upside target of 2500 (10%)

WyckoffBull

1. US yield curve inversion 2. China lockdown and possible slowdown 3. FED rate hikes 4. RBI indicating rate tightening. 5. Watch out for 20%-25% correction... 13000 - 13600 likely levels in 3-6 months.

WyckoffBull

1. Yield curve went negative on 12 April on daily time frame. 2. Inversion leads to recession and the time frame is generally 6-9 months. 3. Need to closely observe how Fed react.. 4. Storm incoming, watchout.

WyckoffBull Updated 

Triangle patterns are considered as continuation patterns. We are in negative sentiment, we might slip further in price..

WyckoffBull

1. NIFTY PSE index is outperforming NIFTY 500 index. 2. HAL which is part of NIFTY PSE is outperforming NIFTY PSE and NIFTY 500 benchmark 3. Typical CUP and Handle observed and breaking out of pattern with increasing volumes. 4. Near term target of 25%, 2000 easily achievable.

WyckoffBull

1. Powergrid breaking out of consolidation. This looks to be typical Wyckoff re-accumulation tilted to upwards. 2. Its also out performing the NIFTY 500 Index, which means it has high RS. 3. Short term price target of 25 % is achievable and near term target of 40% is possible.

WyckoffBull

NIFTY ENERGY is leading NIFTY 500 benchmark. Breakout from a small consolidation seen in the week of 28 March 2022. Good sector to pick names like TATA POWER, Adani green, Reliance, Powergrid and NTPC as these have momentum.

WyckoffBull

Divergence wrt NIFTY 500 relative strength.. Could either see a range bound price action or decline in Metal stocks.

WyckoffBull

Turn 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.

WyckoffBull

IT sector is showing a huge divergence with respect to NIFTY 500. The relative strength is on a decline but the price is surging up. This seems to be a classic distribution pattern. In the near future we might see slowdown in IT stocks. The price action is also showing a broadning pattern which indicates high voltality in price action. Time to risk off in IT stocks?

WyckoffBull

Nifty has resistance at 18100 - 18200.. If there is a positive breakout it will got to 19800 -20000 levels, if it fails, then we might see 13k - 15k levels.