NIACL (Weekly): Wyckoff Spring + Stage 2 Breakout Setup Brewing
Asset: NIACL (NSE)
Timeframe: Weekly
Methodology: Stan Weinstein 4-Stage Analysis & Wyckoff Accumulation Schematic
Technical Breakdown:
Stage 1 Base Completion: NIACL has been carving out a major accumulation base since late 2024. The 30-week Simple Moving Average (SMA) has flattened out and has now begun a clear upward trajectory at ₹162.80.
Wyckoff Spring Action: The dip to the ₹116.97 zone acted as a textbook Wyckoff Spring (Phase C), purging liquidity before buyers aggressively drove price back inside the trading range.
Sign of Strength (SOS) & Volume Flow: The push out of the spring lows was backed by massive institutional volume spikes, confirming smart-money absorption.
Relative Strength Shift: The 26-week RS line has crossed decisively into positive territory, confirming relative outperformance against the broader market.
Execution Parameters:
Immediate Resistance / Trigger: ₹207.80 – ₹212.00
Stage 2 Confirmation: Weekly close above ₹212 backed by 1.5x+ average weekly volume.
Initial Support / Invalidation Base: ₹175.00 – ₹180.00
Upside Targets: ₹245.00 | ₹270.00+
Disclaimer: For educational purposes only. Always manage risk and position size appropriately.
Timeframe: Weekly
Methodology: Stan Weinstein 4-Stage Analysis & Wyckoff Accumulation Schematic
Technical Breakdown:
Stage 1 Base Completion: NIACL has been carving out a major accumulation base since late 2024. The 30-week Simple Moving Average (SMA) has flattened out and has now begun a clear upward trajectory at ₹162.80.
Wyckoff Spring Action: The dip to the ₹116.97 zone acted as a textbook Wyckoff Spring (Phase C), purging liquidity before buyers aggressively drove price back inside the trading range.
Sign of Strength (SOS) & Volume Flow: The push out of the spring lows was backed by massive institutional volume spikes, confirming smart-money absorption.
Relative Strength Shift: The 26-week RS line has crossed decisively into positive territory, confirming relative outperformance against the broader market.
Execution Parameters:
Immediate Resistance / Trigger: ₹207.80 – ₹212.00
Stage 2 Confirmation: Weekly close above ₹212 backed by 1.5x+ average weekly volume.
Initial Support / Invalidation Base: ₹175.00 – ₹180.00
Upside Targets: ₹245.00 | ₹270.00+
Disclaimer: For educational purposes only. Always manage risk and position size appropriately.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.