This chart showcases a classic Volume Contraction Pattern (VCP) formation in ORIENT TECH, followed by a powerful breakout triggered by a Pocket Pivot setup. After forming a non-linear base, the price consolidated through multiple contractions, aligning major moving averages. The marked Pocket Pivot alongside VCPs indicated increasing accumulation and momentum. The breakout above the VCP base led to a sharp price surge, confirming trend reversal and strong bullish sentiment. Key fundamentals and technical overlays support the move, making this a prime example for advanced traders tracking high-probability breakout opportunities.
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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.