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ZENSARTECHolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation. It has the following characteristics: The Stock must be in stage 2 uptrend. A period of price consolidation must take place in thebase. Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement. Price volatility must contract through the base (from left to right). During this period of price consolidation the stock price will correct. Price must correct through a series of smaller contractions. Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions.
NSE:ZENSARTECHLong
by lokeshparihar
3
TFCILTDVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation. It has the following characteristics: The Stock must be in stage 2 uptrend. A period of price consolidation must take place in thebase. Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement. Price volatility must contract through the base (from left to right). During this period of price consolidation the stock price will correct. Price must correct through a series of smaller contractions. Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions.
NSE:TFCILTDLong
by lokeshparihar
COCHINSHIPVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation. It has the following characteristics: The Stock must be in stage 2 uptrend. A period of price consolidation must take place in thebase. Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement. Price volatility must contract through the base (from left to right). During this period of price consolidation the stock price will correct. Price must correct through a series of smaller contractions. Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions.
NSE:COCHINSHIPLong
by lokeshparihar
$NIFTY: Watch out for 17200-17215 zone $NIFTY is a no brainer in a downtrend. However, last sessions have seen an upside push. So the question that is bothering every one is whether the down trend is over? Well! only time will tell whether the downtrend is over. The last swing high on 1 hour time frame is a crucial in answering this question. If price breaks this line/zone on the upside and retests it before continuing upside, will establish the uptrend. However, a failure to do so will continue Bear slapping the price down. What is my take? I have this hunch that a Pole and Flag pattern is likely, i.e. price will reach the 17200-17215 zone or very close to its lower end, kind of forming a double top pattern and reversing from there. If this happens, we should be ready to see further downside, at least to the last swing lows of around 16860. If this low is broken then downtrend will continue. Why do i think that pole and flag pattern is likely? Call me cautious, but in each of the two days, there has been strong selling pressure. Which clearly indicates sellers are strongly holding the 17200 positions. I have a feeling that on Monday, we are likely to see a gap up closer to this zone, the price touching it before sellers pushing the price down. Only if the buyers are able to keep the market up above this zone towards the end of day, either on Monday or Tuesday, then we can see trend reversal. I am not sure about the second half play. SO i will play as per trend. Finally what to expect for Monday? - Gap up closer to 17200 level - First half Bears will push the price down from 17200 levels - Second half bulls may/should come back if the trend has to reverse, if so we can get a small doji. If Bulls dont come back in second half expect a red candle.
NSE:NIFTY
by abhi1invest
1
Coal India flag pattern , can longA flag chart pattern is formed when the market consolidates in a narrow range after a sharp move. Usually a breakout from the flag is in the form of continuation of the prior trend. Flags give very high risk reward ratio which means relatively small risk and high and quick profits. Remember there is always a risk. Here breakdown can happen in up side to continue the uptrend. It is in one day (1D) chart so , there is highrisk Any suggession......
NSE:COALINDIALong
by Aditya_Pandit_0