techtrail

techtrail Updated 

Further to the recent updates, the price action suggests that Wyckoff Distribution is complete and a Mark Down phase is underway in Balkrishna Industries. Here is the link which has the Point & Figure Horizontal count d.pr

techtrail

Price has been finding suppport / buying interest close to the Rs.1,000 mark. This is apparent from the price action and volume signature in the chart. Over the past few days, the price has been consolidation in a tight range, suggesting potential accumulation. A breakout above immediate pivot resistance at Rs.1,050 will be interesting. All bets off below the...

techtrail

The stock comes across as a wonderful wyckoff accumulation candidate. If this view is correct, then price should get into a mark-up phase or a trending phase with higher spread and volume. The bullish view will be invalidated on a close below the LPS level in the chart. Await Wyckoff Point & Figure chart target soon !!

techtrail

This stock has taken a knock recently. The price action comes across as a nice set of Wyckoff redistribution. The first target was achieved and the second one is pending. This link has the point and figure horizontal count target. d.pr

techtrail

Have a look at the price action in volume signature highlighted in the chart. Am watching this stock with interest if there is a turnaround in price at prior resistance. Interesting case study for sure !!

techtrail

Price action in this stock is very interesting and promising. I am looking for a breakout above the immediate resistance at 366-368 range via a strong green candle with above-average volume. If my assessment is right, we should see a mark-up in Wyckoff Phase-D soon. Watch this space for updates & a Point & Figure chart with horizontal count targets soon.

techtrail Updated 

This stock is an interesting case study for those interested in Wyckoff analysis. The price has been stuck in a range for a long while now. The recent sell off on high volume comes across as a potential Wyckoff Spring. The quick snapback into the trading range with higher volume today is a positive sign. Am watching this stock with interest and looking to take...

techtrail

In my earlier post, I talked about a potential accumulation in this stock, based on the price action witnessed yesterday. The price action today doesn't evoke much confidence. Am watching this stock with interest as it could offer a trading opportunity one way or the other. If the accumulation view doesn't play out, then it could be a classic case of Wyckoff...

techtrail

The stock has seen a sharp rally in the past couple of days, resulting in a big breakout from a range. The price action today is suggestive of some kind of a corrective move that is underway after the recent spike in price. I would love to see small bodied candlesticks with below average volume over the next few days wherein the price either drifts lower to the...

techtrail

Check out the price action along with the volume signature in the highlighted zone in the chart. The breakout on slightly higher volume and then the retest on even higher volume was an interesting development. The subsequent price action is a characteristic sign of absorption of supply while the price was congesting. I am long in this stock and would not be...

techtrail Updated 

This stock comes across as a wonderful accumulation candidate from a Wyckoff perspective. The volume signature is very accomodative and the PSU Banking sector looks good as a whole. I am holding long positions and will abandon the bullish view if the price falls below 230. Expect more updates with Point & Figure targets soon !!

techtrail

Am watching this stock with interest. A good strong green wide ranged candle with above-normal volume is what I am waiting for. A breakout and pull back or retest of the upper end of the range is the ideal or preferred course of action. Interesting price thus far, today. Let's see how this stock shapes up. Looks very promising.

techtrail

Escorts has been in a consolidation after a mini-breakout. The volume signature is interesting with a spike on breakout and a dry up during the recent consolidation. A fresh breakout above 686 will be a sign of strength. The vertical count target for the stock based on Point & Figure chart works out to 800. Am looking for long opportunities on a break out above...

techtrail Updated 

The stock has slipped from an overbought condition to its support zone at prior gap area. It has been consolidation in a tight range recently. My expectation is a retest of the recent highs if the range breakout happens. Am looking to buy this one today if we manage close near the day's high. Interesting stock !!

techtrail

The stock is trading at life-time highs and the recent price action is bullish & interesting. Notice the nice breakout via a gap-up and then a consolidation. There is another breakout today with relatively higher volume. Am long in this stock with a 10% stop loss from entry. Looks good and am expecting upside momentum to pick up. Let's see how this pans out.

techtrail

The recent price action has all characteristics of a Wyckoff Accumulation. If the assessment is correct, the price should see a good lift up soon. The rally should be on the back of increasing spread and increasing volume. If this happens. I will be happy to buy the stock. Let's see how it unfolds.

techtrail

Check the chart for annotations. I am long in this stock and would add more on a breakout above 95. My stop loss is at 83 as of now in cash.

techtrail

This stock comes across as a wonderful #Wyckoff #Re-accumulation candidate. After a prolonged trading range, the price registered a breakout and retest of the range. The volume and price signature today is very encouraging. I am long this stock with a stop loss at 1,700.