HCL INFO-A CASE OF WYCKOFF ACCUMULATION IN POTENTIAL MULTIBAGGER

21 apr 2018

HCL_INSYS
THE SCALE IS NOT LOCKED, ZOOM ACCORDINGLY WHEN NECESSARY
In the daily chart..
A potential bullish cypher is due completion...
this is a point of good long entry planned..

The other long entries are planned in phase c and d as mentioned..
the Markup target is a conservative one, and will be updated once the base formation i done..
here is the provisional target from the point and figure charts..


Details about wyckoff schematics can be found in the following link containing
"Anatomy of a Trading Range " by Jim Forte ...static1.squarespace.com/static/54fed56be4b0b8a1d3d33918/t/55808ff8e4b0bcfabac9ae03/1434488824889/Anatomy+of+a+Trading+Range.pdf

Also a reference to a blog by my favourite wyckoffian, Bruce Fraser
stockcharts.com/articles/wyckoff/2015/06/accumulation-phase-absorbing-stock-like-a-sponge.html
stockcharts.com/articles/wyckoff/2015/06/jumping-the-creek.html

Disclaimer... Interested , not invested...will think of taking position if satisfied with the fundamentals which is currently under search
Not an investing/trading recommendation