capsule91

Case Study---Accumualtion -reaccumulation-distribution

Éducation
capsule91 Mis à jour   
NSE:TATASTEEL   TATA STEEL LTD
Individual events in the daily charts will be updated in the Updates section soon with respective expert's blog for better reference to the case
Disclaimer...invested, not an investing/trading recommendation
Commentaire:
Point and Figure chart of the corresponding vertical chart
Commentaire:
bclx=buying climax
sclx=selling climax
ar=automatic reaction
st=secondary test
lps=last point of support
sos=show of strength
sow=show of weakness
Commentaire:
stage 1.. accumulation...
here is the link to a blog by Bruce Frasher, my favorite wyckoffian ..
stockcharts.com/arti...k-like-a-sponge.html
Commentaire:
stage 2.. reaccumualtion..
HEre is a wonderful blog by Bruce about reaccumualtion stockcharts.com/arti...ulation-roundup.html
this link is important for showing how th epoint and figure charting is used in wyckoff stockcharts.com/arti...mulation-review.html
Commentaire:
then there was a long uptrend before distribution started
Commentaire:
stage 3 distribution
here is a good Bruce's blog on stockcharts.com/arti...ribution-review.html
here is another ongoing case of distribution in US bond market which i charted
Commentaire:
i will update this idea, how it goes with tata steel in future, whether another redistribution happens or fresh accumulation
Fundamentally, this is an improving cyclical company, currently in adowncycle, which might end in coming times soon...
So i expect accumulation to restart soon after the mark down...
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.