KPR Mill Limited - Reaccumulation Review
► Phase of reaccumulation begins with a buying climax, wherein the previous rally takes a halt.
► Then a drop is seen which goes to the automatic reaction where other buyers jump in as they see value in the stock.
► After AR, a secondary test happens where another round of selling happens.
► AR and ST define the range of the reaccumulation. Note- at this point we are still not clear whether this is a distribution of reaccumulation.
► Then a spring occurs (optional). This is where weak hands are thrown away from the reaccumulation.
► In between support and resistance, creek occurs where price moves in neither direction doing time-pass here and there.
► Once the resistance is broken, we see big volumes at the LPS - last point of support. This is where we can confirm it is a reaccumulation phase.
This material shows schematics of reaccumulation phase and is only for educational purposes. Please consider taking professional advise from your financial advisor before entering any positions.
Please like and share if you find the material useful.
► Then a drop is seen which goes to the automatic reaction where other buyers jump in as they see value in the stock.
► After AR, a secondary test happens where another round of selling happens.
► AR and ST define the range of the reaccumulation. Note- at this point we are still not clear whether this is a distribution of reaccumulation.
► Then a spring occurs (optional). This is where weak hands are thrown away from the reaccumulation.
► In between support and resistance, creek occurs where price moves in neither direction doing time-pass here and there.
► Once the resistance is broken, we see big volumes at the LPS - last point of support. This is where we can confirm it is a reaccumulation phase.
This material shows schematics of reaccumulation phase and is only for educational purposes. Please consider taking professional advise from your financial advisor before entering any positions.
Please like and share if you find the material useful.
Trade active:
Nice pullback after breakout from accumulation zone. Good time to enter.
My position (added today)- 1.43% of my portfolio value.
My position (added today)- 1.43% of my portfolio value.