Is it the distribution face of BSCCL according to technical analysis? I hold it now.
I don’t think BSCCL is in distribution phase. Seems it is in buying zone.
Disclosure: This is my thought and it can be wrong. So, you have to apply proper risk management while trading.
The chart of Standard Ceramic in 1st wave it goes to 150 to 280. When I get news on that time I seems that it is distribution. But in wave 2 it is sideways and then start wave 3. 280 to now it is 700. How can I trace it that it is now distribution?
Basically, in distribution phase, a stock makes regular bearish divergence, or M pattern or extended M patter. Check out the distribution phase of UPGDCL or JMI. They recently made their distribution phases.
ok, Thanks for your reply Sir. In Case of divergence which divergence do we follow? MACD, RSI, Stochastic?
Welcome, Mahfuzur bhai. I will suggest you to follow MACD Indicator.
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