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JSFB

JSFB, a strong name ready to danceA Good Setup: Jana Small Fin Bank (JSFB) after giving 60% move in just 15 days from first base after IPO, didn't fall much, only 13%. Instead went contracting between trendlines (TL), suggesting supply is low. -Forming HTF(high tight flag, when move significantly but didnt fall much and contracts) -Hovering near 10 ema -Tight closes with volume contracting -Green vol > Red vol - VCP 3W-13/4-3T (meaning in 3 weeks contracting from 13% to 9% to ~4%, these 3 contraction are 3T in notation) Read if you haven't: Volume Contraction Pattern (VCP), a good concept by sir Mark Minervini (his books are highly recommended) Waiting patiently for breakout(BO) of trendline(TL) with some vol.
NSE:JSFBLong
by takmanish007