techtrail

Finolex Industries: Classic Wyckoff Re-Accumulation

NSE:FINPIPE   FINOLEX INDUSTRIES
After a nice reaccumulation, price registered a breakout and followed it up with another mini-reaccumulation. Price action last week is encouraging with strong green candle and volume pick-up
Comment: Nice follow-through action. Price gaining momentum. Time to see the "Mark-Up" phase aka trending-mode
240-340 accumulation...minimum 100 point upside ? but looking at much higher targets on longer time frame.
Reply
That is a simple projection for working out targets. Wyckoff used "Horizontal Count" method in the Point & Figure chart to calculate targets off these consolidation zone. Let's not discuss targets based of Wyckoff method here ;)
Reply
ktp techtrail
Thanks sir. no targets..sit tight is the key.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out