charting.student

IBULHSGFIN WYCKOFF ACCUMULATION

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