IBULHSGFIN WYCKOFF ACCUMULATION

POSITION SIZING: 27 QTY PER LAKH

Note

Price has entered Supply Zone. Careful

Note

T1 achieved and now reaching the top end of the trading range. A close above the range is essential to confirm Mark-up above trading range

Note

T2 crossed and into supply
News out about Ibulhsgfin merger. as usual late

Note

Waiting for supply to get absorbed before re-entering. Look for relatively lower volumes near key supports (eg: like 19th March & 25th March). Or when fresh Demand comes in.

Note

There is some demand here, need to assess the strength before re-entering

Note

Notice Wyckoff in 30 min chart @ 30 April to May 14th

Note

Amazing Volumes in last 2 days - - news based

When everyone is looking to exit trades, we can keep an eye open for longs

Near/Below support, I'll try a small SL big target trade. Will be happy to take a loss if it fails.

charting.student

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charting.student