Venky's - An Example on How Reaccumulation Works?
Wyckoff studied stock movement in terms of demand and supply almost a century back.
He categorized stock movement into cycle of -
Accumulation (Oversold Zone) --> Reaccumulation (can be multiple) --> Distribution (Overbought zone) --> Redistribution --> Accumulation
Study of each phase can be a book in itself, however we here try to demonstrate how a reaccumulation can occur.
Note - This is an analysis on past and not a buying recommendation. This is purely an educational material on Wyckoff methodology.
We intend that the reader uses the concept rather than copy any trades.
He categorized stock movement into cycle of -
Accumulation (Oversold Zone) --> Reaccumulation (can be multiple) --> Distribution (Overbought zone) --> Redistribution --> Accumulation
Study of each phase can be a book in itself, however we here try to demonstrate how a reaccumulation can occur.
Note - This is an analysis on past and not a buying recommendation. This is purely an educational material on Wyckoff methodology.
We intend that the reader uses the concept rather than copy any trades.