charting.student

IBULHSGFIN WYCKOFF ACCUMULATION

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charting.student Updated   
NSE:IBULHSGFIN   INDIABULLS HOUSING
POSITION SIZING: 27 QTY PER LAKH
Comment:
Price has entered Supply Zone. Careful
Comment:
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
Comment:
T2 crossed and into supply
News out about Ibulhsgfin merger. as usual late
Comment:
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.
Comment:
There is some demand here, need to assess the strength before re-entering
Comment:
Notice Wyckoff in 30 min chart @ 30 April to May 14th
Comment:
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.
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