capsule91

Case Study---Accumualtion -reaccumulation-distribution

Edukasi
capsule91 Diupdate   
NSE:TATASTEEL   TATA STEEL LTD
Individual events in the daily charts will be updated in the Updates section soon with respective expert's blog for better reference to the case
Disclaimer...invested, not an investing/trading recommendation
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Point and Figure chart of the corresponding vertical chart
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bclx=buying climax
sclx=selling climax
ar=automatic reaction
st=secondary test
lps=last point of support
sos=show of strength
sow=show of weakness
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stage 1.. accumulation...
here is the link to a blog by Bruce Frasher, my favorite wyckoffian ..
stockcharts.com/arti...k-like-a-sponge.html
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stage 2.. reaccumualtion..
HEre is a wonderful blog by Bruce about reaccumualtion stockcharts.com/arti...ulation-roundup.html
this link is important for showing how th epoint and figure charting is used in wyckoff stockcharts.com/arti...mulation-review.html
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then there was a long uptrend before distribution started
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stage 3 distribution
here is a good Bruce's blog on stockcharts.com/arti...ribution-review.html
here is another ongoing case of distribution in US bond market which i charted
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i will update this idea, how it goes with tata steel in future, whether another redistribution happens or fresh accumulation
Fundamentally, this is an improving cyclical company, currently in adowncycle, which might end in coming times soon...
So i expect accumulation to restart soon after the mark down...
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