VCP pattern in RVNL
Volatility Contraction pattern development in RVNL . first level was 19.9 %
Second level is14.79
We can expect 2 or 3 contractions before break out .
In weekly chart , sharp reduction in selling volume .
this is absolutely not a BUYor Sell Recommendation- for learning purpose only
Second level is14.79
We can expect 2 or 3 contractions before break out .
In weekly chart , sharp reduction in selling volume .
this is absolutely not a BUYor Sell Recommendation- for learning purpose only
Note
2nd stage VCP completed .
Expecting new VCP formation in coming days - expecting additional 2-3 VCPs before actual breakout.
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