Here I show why I bought some #ROSSELLIND. The stock has been in an uptrend with heavy volumes supporting it. The stock was taking a breather before continuing it's ascent. I found a low risk point to get the entry and the stock immediately shot up.
#ROSSELLIND #MARKMINERVINI #LOWRISK #VOLATILITYCONTRACTION #VCP #INDIA #
after providing multibagger return in the past TCI is getting ready to a new journey.
i usually buy a share before the breakout and this just fits perfectly on that setup.
First, allow me to beat my trumpet, please.
Here's a reminder of the Trade Plan given on 12th Dec 2021
(See my trade idea on TradingView titled:
"Coffee Day opens up 2 wild targets that can help swing traders profit up to 300%?"
Trade Plan
- Entry: Test Entry on market open.
- Add on pullbacks at 44.15, or worst case up to 40.20
- Initial Stop Loss (ISL):...
Disclaimer: This analysis is posted as my online journal for educational purposes only. This is not a buy call.
As you can see in HEG's chart above, it has risen 291% in 22 weeks and it has now experienced 3 tight contractions C1, C2, C3, with the C4 currently being in progress.
The C2 contraction was half of first, but the C3 was 18.5%. The last contraction...
The stock has displayed the tendency to congest or form a nice VCP pattern, as described by Mark Minervini. Another such pattern is in progress now. A breakout above the green line in the chart will be a sign of strength and would have me interested in buying this stock.
