This chart displays the NSDL stock price on a daily timeframe, featuring a classic Volatility Contraction Pattern (VCP) after a surge in volume and price. The consolidation phase is marked by converging trendlines, with price contracting and forming tighter ranges. The recent breakout above the upper trendline signals renewed bullish momentum. Volume candles accentuate the initial surge, and key support/resistance levels are noted. This technical setup is ideal for traders seeking entries based on volatility contraction and breakout strategies.
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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.