techtrail

Finolex Industries: Classic Wyckoff Re-Accumulation

NSE:FINPIPE   FINOLEX INDUSTRIES INR10
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.
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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 ;)
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ktp techtrail
Thanks sir. no targets..sit tight is the key.
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