IBULHSGFIN WYCKOFF ACCUMULATION

POSITION SIZING: 27 QTY PER LAKH

Komen:

Price has entered Supply Zone. Careful

Komen:

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

Komen:

T2 crossed and into supply
News out about Ibulhsgfin merger. as usual late

Komen:

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.

Komen:

There is some demand here, need to assess the strength before re-entering

Komen:

Notice Wyckoff in 30 min chart @ 30 April to May 14th

Komen:

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.