techtrail

techtrail

The thick green lines are basic Action Reaction lines. Andrews Pitchfork is a subset of these Action-Reaction lines. Things look bullish whichever way we dice this chart. Am planning to buy at least a token quantity in this stock today ! Plan your trade & position-size judiciously !!

techtrail

The stock is in an uptrend and has seen a big breakout in the last couple of trading sessions. Volume has spiked too, which is a positive sign. Am watching this stock. Have made an initial purchase already. Would like to add more on a breakout above recent highs.

techtrail

Another stock in my watchlist. Nice rally, consolidation and the key question is will there be a breakout?

techtrail Updated 

Stock has been in a major uptrend and has been in a consolidation off-late. Watching this one for breakout signals. Would be keen to buy this...

techtrail

Price has been coiling in a narrow range near a key resistance area. There was a breakout yesterday and follow through today. If we manage to close near the days high today (July 20, 2017) then it will strengthen the case for a breakout. Am long this stock. Keep this in watchlist.

techtrail

You have a bigger degree consolidation or accumulation highlighted by the green shaded box and a smaller degree one represented by the yellow box. Notice the breakdown, breakout and retest. Was reminded of my mentors quote "There are no accidents in price" Chart looks bullish and today's price action is promising. This one is in my shopping list. Plan your trade...

techtrail Updated 

Looking at the price action, there is a case to suspect that he stock could get into a prolonged period of consolidation or range-bound movement between the two magenta lines marked in the chart. Pay attention to the spike in volume few weeks ago when the price approached the top magenta line. The price got rejected at the higher end of the range, which is a...

techtrail

The range marked by the magenta lines comes across as a classic Wyckoff Reccumulation zone. The volume signature and the recent rally confirms the bullish view. A breakout past the higher end of the range and a successful re-test would get me interested in this stock from the long-side. Am watching this stock with interest.

techtrail

My mentor would say there are no accidents in price and that is very apparent in this chart. Take a look at the weekly chart if you want to get some context for why price is getting into a trading range highlighted in this chart. The overall set-up looks bullish to me and I am keen to buy this stock. A breakout past 40 bucks will be a very healthy development...

techtrail

Price seems to have completed a Wyckoff Spring in the hourly time frame. The stock is in a uptrend in the daily time frame. A breakout past the recent high of 185 would be a positive outcome and strengthen the case for the Wyckoff Spring argument. The occurrence of this Spring at the "Breakout-Retest" zone in the weekly & monthly time frame strengthens the bullish...

techtrail

The stock has been confined within the magenta lines for a while now. Notice how the Average True Range (ATR) has declined steadily as price approached the support at the lower Magenta line. This is a classic Wyckoff stuff. Am looking for some signs of buying interest and momentum coming back into the stock. A green wide ranged bar would get be interested in...

techtrail

Price has bounced off the centre-line or the medianline of the red action-reaction set. It is apparent that the line is in sync with the price and I will not be surprised to see a rally to the top red line or the "Reaction Line". Am already long in this stock and looking to add more. Stock listed only at the Bombay Stock Exchange and not traded at NSE.

techtrail

There are times when one should tweak their trade expectations and look for trades that will last for a shorter duration. Tata Power has been in an uptrend for a while and after a nice correction, price has formed a strong green WRB yesterday. If the uptrend resumes, the next resistance / target would be the medianline of the magenta fork, followed by the upper...

techtrail Updated 

Price has bounced off the middle line or the medianline of the blue fork. More recently, it has been bouncing off the lower parallel of the green fork. What do we have in store?

techtrail

Couple of pitchforks are displayed in the chart. Both of them seem in sync with price, the magenta one being more appropriate. Am looking to buy this one for short term spike to recent highs. AS always do your homework, assess the risk and position-size accordingly.

techtrail

The stock has been consolidating in a tight range recently. Notice the convergence in the Bollinger Bands, suggesting a potential "squeeze". The price has also bounced off the lower line of the trend channel, which is another positive sign. This stock is in my watchlist.

techtrail

Price has gotten above the 50-DMA and also took support at this average couple of days ago. Trend looks bullish and I am watching this stock for a long entry.

techtrail

The stock has been stuck in a broad range of 71-204 in the past few years. The recent rally has pushed the stock to the upper end of the trading range at 204-ish. Notice the selling tail in the current month candle. The spike in volume and the selling tail suggests that this *might" turnout to be an Upthrust or fakeout. Before jumping to conclusions, it would...