Highest volume till date of this stock in daily and weekly time frame And that to in this type of volatile market must be some big player is taking entry or exit. If price breaks the current candle high, can give a good opportunity. NOTE: i do my analysis, do yours before trade.
MMTC making HLs about to test DTL (Down Trend Line) -VCP in action -Sellers flushing out -Check its prior moves, it moves with great momentum
Krishna Defence & Allied Industries Ltd results: ■ Sales 71 cr, QoQ 102%, YoY 68% ■ Net Profits 7, QoQ 172%, YoY100% TA: -VCP in Action -One Simple Horizontal Line BO anticipation
VCP stands Volatility Contraction Pattern by Mark Minervini (One should read his all books) Perfect VCP (15W-39/4-4T), meaning price n volume contracting for 15 weeks from 39% to 4% with 4 contractions(39%, 19%, 15%, 4%)
15 weeks Cup and Handle pattern, vol contracting in between cup formation then vol kicking in then again in handle vol contracting. -Green Vol > Red Vol -Handle BO is entry
-if Nifty Pharma breakout from long Parallel Channel (PC), Wockpharma can be one of pharma companies to perform, as it also forming long base and, Long Base = Long Breakout . -DTL BO anticipation (Down Trendline Breakout), tested 4 times but didnt fall with volumes. -Clearly, Green vol > Red vol -VCP pattern (15W-22/6-3Ts) -Earnings due on 28th May Setup is...
Paras defence is a stock from defence manufacturing sector. Stock has formed inverted head and shoulders pattern. Risky traders can enter before breakout for better risk reward. Stock will fly once the neckline is crossed. Decent stock for long term as defence sector is major beneficiary of India's Make in India program.
-Strong sector with tailwinds -After strong move from base:152% in jjust 35 days, didnt fell much. -Consolidating with tight closes n low vol. -Strong Relative Strength -Growth Company: Sales up, OPM improved, EPS growth. Great Pick, Ready to blast.
-Volatility Contracting with Green vol > Red vol -Good Shakeout (when goes under major ema and goes up, here 50 ema 2 times) -Tight closes near BO (breakout) Overall I liked the setup, in watchlist for buy above BO
Bombay dyeing is looking strong to give a multiyear breakout. If breakout is successful, we might see explosive moves in this stock. Hence, prebreakout entry is always beneficial since we get better risk reward as well. Medium probable setup and bad technicals of company are red flags which makes this idea more riskier. Not a recommendation, just a personal opinion.
-Good Base forming. -Ema Shakeout (MAU&R) -Green Vol > Red Vol -Inverted Head n Shoulder in forming
Long Oil India 634 SL 620 Swing I am looking at this stock and the stock has spent a considerable amount of time in the base as shown. I trade with a specific pattern known as volatility contraction pattern. I am expecting a similar moment as shown with the yellow marker. Traders can get in this. I expect the stock to cross 700 next very soon.
Jubilant food has been underperforming since few years. Stock has formed strong positive RSI divergence at confluence of supports. Above 500, reversal will start and above 600 , reversal will be confirmed. Valuation wise, not a good stock but RSI divergence stock are known to give quick, big moves. All positional traders shouldn't miss this stock
M&M continuing flag pattern with good volume and rsi trading at ATH q4 stiil to declare #target 2360
IREDA Rally - Base - Rally price action 1.First Rally, then forming Base in the VCP pattern (Volatility contraction) & then again expected Rally after break out of the neck line. 2. Close above previous day High(170.4) 3. Close above last week High(169.7) 4. Close above last month High(163.7) 4. High increase in 1 month (+21.2%) 8. Promoter holding...
Last week, I took long position in UDMXN at 16.66000 & Closed at 16.92500 Closed that position in more that $5000 profit in just 2-3 days. My long setup is formed again in USDMXN Taking long positions here at CMP 16.67000 My SL would be 16.62000 Target I'm expecting is 17.00000 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing...
Good volume buildup in daily and weekly timeframe. All time high breakout with good volume buildup after some consolidation. Earning report in few days, if in favor can give good movement. NOTE: i do my analysis, do yours before trade.
Greetings traders!📈 Today, I'm thrilled to present an intriguing setup on GNFC, showcasing a positional breakout scenario complemented by volume analysis. Here's a closer look at the setup: 📈 Setup: HORIZONTAL BREAKOUT SETUP 🔍 Analysis: Extensive analysis across various timeframes confirms the breakout potential. 📊 Indicator Support: Momentum indicators are...