karthikmarar

karthikmarar

CDSL, another interesting chart for our study. The stock was pushed down almost 48 percent from the its high to below 200 DMA levels and also the short-term moving averages. Then it started recovering. Now it is making higher highs and higher lows on the weekly chart as well. It has gone above the short-term moving averages and the 200 DMA as well. We can see the...

karthikmarar

Here is another stock for your watch list, this is CG power which has been consolidating for nearly 3 months in a typical Wyckoffian accumulation zone. Now it looks ready to move out of the zone and move up further. As you can see the buy waves are getting stronger and the relative strength and the money flow are all positive. However, we need to see more volumes...

karthikmarar

Sharing an interesting Chart here. As you can see the stock had a massive drop of nearly 40 percent from its high and it was pushed below the 200 DMA. Then we saw some strength coming in and it started consolidating for the last two months and it was moving in a range. Now we can see that the buy waves have started to dominate. Also, the volume remained low during...

karthikmarar

After a big drop of nearly 40 percent from the top, the stock started consolidating and moving up, making a nice rounding bottom type of pattern. It started making higher highs and higher lows and moving past the short-term moving averages. Now, it has also gone past the 200 DMA and also crossing above an important pivot. We can see all the parameters like the...

karthikmarar

After more than three months of almost sideways move the stock is preparing to take out the previous Price Rejection Zone. Lot of Volume Support is coming n. The relative strength is positive. Above 905 the stock is likely to move higher. Looks strong enough to take out the Rejection Zone

karthikmarar

An example on how we can use the volume wave. As we can see in June the upthrust were loosing steam and the the stock could not make much headway in spite good volume coming in. In other words the result was not consistent with the effort. Finally we see that supply / selling pressure dominating. A clear indication that we could see some more down side on this...