Nandan Denim / VCP
Updated
We can clearly see the volume contraction pattern on the Nandan Denim chart. The stock has broken its flag pattern and can give a good move from now any volume supported upmove can be seen as buying opportunity
All the key points mentioned on the chart itself
Don't take the full position at once
Maybe buy 25% on the initial signal
Add another 50% on confirmation of the signal
Add another 25% on the follow-through of price action
Build your position 1 step at a time,
Add to winners and losers are cut short
Warning: Nandan Denim has low liquidity. Would suggest managing your position size.
All the key points mentioned on the chart itself
Don't take the full position at once
Maybe buy 25% on the initial signal
Add another 50% on confirmation of the signal
Add another 25% on the follow-through of price action
Build your position 1 step at a time,
Add to winners and losers are cut short
Warning: Nandan Denim has low liquidity. Would suggest managing your position size.
Note
Target Hit Book 30% and keep trailingTrade closed: target reached
Target Achieved Book 30% and keep trailing
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