TCI - VCP base
The tape has formed a VCP base after a 100% run-up.
Volume dry up on red days indicating less supply and high volumes are indication of institutional accumulation.
Tape is drifting sideways around 21 EMA and has formed an inside candle
Pivot buy at 782
SL below mother candle low 789
Publishing for my own reference.
Not an investment/trading advice.
Volume dry up on red days indicating less supply and high volumes are indication of institutional accumulation.
Tape is drifting sideways around 21 EMA and has formed an inside candle
Pivot buy at 782
SL below mother candle low 789
Publishing for my own reference.
Not an investment/trading advice.
Note
Typo error. SL at 729.Trade closed manually
Closing this trade at 1.25 RR.Invested less amount & also selling as market is overstretched and to protect gains by selling into strength.
Following sell rules in other trades.
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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.
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.