WELCORP Trade Analysis for Buy using Wyckoff method
Volume Analysis
Demand Increased
Down wave Analysis
My View
- We have no supply in the trading range indicating no one is selling
Demand Increased
- We have demand increased in phase D indicating institutional present
Down wave Analysis
- Down spread is decreasing in each of down wave indicating volatility is decreasing and selling pressure is decreasing
My View
- Bullish on the stock with entry given on the chart
Feragatname
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