techtrail

techtrail

The stock has been in an uptrend for a while now. The red lines in the chart are Action-Reaction Lines. Notice how these lines have acted as support / resistance. Next destination could be the top red line at 87.50-ish. But, for patient investors, this stock could deliver more is my guess.

techtrail Updated 

After a nice consolidation today near the lows of the day, the Nifty staged a breakout just before the close. If the Nifty sustains above the lower magenta line, I would not be surprised with a bounce back to the mean or 50% retracement mark. Let's take it forward from there.

techtrail Updated 

Your guess is as good as mine with respect to the above question. Better to wait for the price to display its intentions. A breakout past the high of the trading range would be a positive outcome and could propel the stock into a mark-up phase. Please be reminded that, this is a monthly chart and it makes sense to wait for monthly close above the range before...

techtrail

Notice the pull back to the prior selling / breakout zone, represented by the top two horizontal red lines. Price has come back to retest or check for sellers. Notice the dip in volume in the last couple of trading sessions which represents the probe or retest. If my assessment is right, price is likely to breakout soon. A move past 186 would be an interesting...

techtrail

As highlighted in the chart, price has completed a Wyckoff Accumulation phase. Breakout from the range with higher volumes indicate the start of Mark-Up phase. Watch this stock.

techtrail Updated 

After a sharp fall, price has stabilised and tried to recover some lost ground. The close above the 200-dma is a positive sign too. The red lines represent Action-Reaction lines. Andrews Pitchfork is a subset of these Action-Reaction lines. Price could rally to the upper red line at 680-ish.

techtrail

Looks interesting this chart. After a nice consolidation, price has bounced off the 200-DMA. AM looking for long entries.

techtrail

After a strong rally, price has consolidated recently. A buy signal would be triggered in this Point and Figure chart above 172.5. watch this stock.

techtrail Updated 

This stock is a perfect candidate for those wanting to study Wyckoff methodology. Price has cleared the inside-channel line and has to clear the upper / bigger trend channel. Chances are that we might test the lower end of the trading range, marked in green box. Such a move may offer a nice buying opportunity, provided our assumption of Accumulation is valid. On...

techtrail

After several years of underperformance in relation to the Nifty, the BHEL stock has displayed signs of outperformance in the recent weeks. The breakout of the ratio line above its 200-DMA is a positive sign. Keep this stock in your radar.

techtrail

After years of under performance upto 2015, Reliance Industries has been going through phases of out and under performance wrt Nifty in the last couple of years. Since late-February, there has been a sharp outperformance and the ratio line has crossed its 200-DMA, which is a positive sign. Logic dictates that it is the right time to focus on Reliance, as long as...

techtrail

This looks like a classic wyckoff distribution candidate. The throw over above the trend channel and the subsequent trading range makes me suspicious of a potential distribution. Lets wait and watch.

techtrail

The chart set up looks interesting. Keep this one in your watch list. Any signs of strength could present a trade opportunity. Plan your trade & position size according to your risk.

techtrail

Price has been in a steady uptrend since it moved above the 200-dma few months ago. The recent bounce off the blue colored 50-dma is a bullish sign. Am bullish on this one and would not be surprised on a rally to the upper red / magenta trend channel.

techtrail

The stock has broken below the trend channel, indicating that a trading range could be a high probability outcome. If so, a rally to the upper end of the likely range at 1227 cannot be ruled out. Watch this stock. Plan your trade & size your position in accordance with risk tolerance.

techtrail

Price is congesting in a tight range. Keltner Channel is within the Bollinger Band. Once Keltner moves out of Bollinger, there is typically a nice move. Wait for direction and plan your risk.

techtrail

The trend channel represents the channeling technique used by Wyckoff. After a throw-under, representing the Selling-Climax, price has bounced sharply, which is labelled as "Automatic Rally" If the assessment is right, expect this stock to spend some time in the range marked by the magenta lines - 375-903.

techtrail

Am not a big fan of patterns or their breakouts. This one just caught my eye.