NIFTY however BULLISH it may seem so far, there is a KEY DYNAMIC RESISTANCE approaching .. This dynamic resistance has been the Pivot for the FII's to initiate large SELL orders which in turn creates the SELL Impulses .. So far in the past 6 months NIFTY has been creating a LOWER HIGH & LOWER LOW structure and in the larger timeframe it is still in a BEARISH...
A Bullish Structure develping on Microsoft .. Price Action is playing out by the rules .. Range & Volume Expansion visible too!
Took this one sided Intraday move! Very smooth 'n Target hit without a sweat!
The pattern fits well into the Wyckoff model for accumulation.. fingers crossed for a juicy upmove.!
I hope its not the second one! cant see my fav instrument crawl for months... :-D
ICICIBANK seems to be displaying the Wyckoff pattern of accumulation phases.. if this is true as per the theory, then we should have a breakout soon.. BankNifty showing similar signs too! Beers if im correct.. some for Mr. Wyckoff too! :-D
Not taking any chances holding any positions over the weekend.. went in for an Intraday trade today.. boom boom!
Seems like the Autos are pushing up..just took a BTST on it.. beers chilling!
Doing a Paper Trade for kicks in the middle of the night :-D
ZEEL looking strong today.. got into a BTST sort of position .. finges crossed!
Yesterdays correction seemed like a good buying point.. i still waitd up for an indication.. volume expansion looks good.. fingers crossed!