capsule91

capsule91

lots of head room for upmovement possible here.. good for scalping along with other scrips.. test the 38.2% retracement level of the entire up impulse nicely.. disclaimer... not an investing/trading recommendation

capsule91

NSE:RELIANCE today the action already retraced 50% of the last impulse, so although the basic structure in the short term is weak ass of now, preceded by a distribution... my guess is, it will retest the broken support at 1284 and then if fails that, will start trending downwards But untill further action, i am very uncomfortable to keep any short trades open...

capsule91

watch out for climactic stoppage at the top.. basic structure is of accumulation 585.1-586.75 should be the possible top, which was he r1 resistance for todays pivot points disclaimer... not an investing/trading recommendation

capsule91

disclaimer... not an investing/trading recommendation

capsule91

disclaimer... not an investing/trading recommendation

capsule91 Updated 

disclaimer... not an investing/trading recommendation

capsule91 Updated 

The present price action is supported by 50dma , the long term trendline and the 0.618xa of the bullish bat in formation SO with such supports, an entry on the long here makes sense.. But there seems to be a bear flag and the price action might temporarily breakdown to the PRZ limit of the BAT and spring from the LPS LAst point OF support ..Another/alternative...

capsule91

interesting case of 1.5year old accumulation which has got its supply exhausted and absorbed at the 52 week wilder moving average and is due a phase c change of character and sign of strength… the fundamentals definitely needs a digging the change of character would be kumo cloud region over head and 447 by level, which is an established resistance in phase...

capsule91

disclaimer... not an investing/trading recommendation

capsule91

disclaimer.... not an investing/trading recommendation

capsule91

disclaimer... not an investing/trading recommendation

capsule91

disclaimer.. not an investing/trading recommendaiton

capsule91

disclaimer.... not an investing/trading recommendation

capsule91

Disclaimer... not an investing/trading recommendation

capsule91

secondary test is oncoming at the support mentioned... Disclaimer.. not an investing / trading recommendation

capsule91 Updated 

Disclaimer.. invested and accumulating , largest holding in my pf at present

capsule91 Updated 

The price action has entered into the phace C of wyckoff schematics, where in the present lower test of supply will be important .. in the phase B we noted the constant resistance by the 20day sMA, raising the suspicion that , the owner ship of the stock is not in the strong hands... now if this current dip is an engineered shakeout, then what happens after this...

capsule91

the bullish trend is offering a mild correction to load up on the positions on good supports.. for fundamentals, refer to this Emkayglobal report on the company ... drive.google.com the working idea... Disclaimer... invested and averaging Not an investing/trading recommendation