Volatility 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...
- Bank nifty took support today tried going up side making range bound in second half. and trapped many with volatile moves.
- May take dip before going up till 42100 to 42200 or stay range bound
- bullish move can be expected if cross 42350 and sustain. Bounce is expected till 42600 in coming days
Fundamental analysis:-
Bank of Maharashtra is a PSUBank stock which can give good returns in short as well as long term.
The stock has a good dividend yield and is available at a cheap price as per PE and PB ratios.
Technical analysis:-
The stock has given a breakout from Inverted head and shoulder pattern. A closing above 32.45 can provide more than 10%...
PSU banks breaking out
Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969.
Bad Time Is Over For PNB
Huge Breakout
Buy At Cmp 76.75
Add Till 67/69
Add More In Panic To 60/62
SL - 44 ( Monthly Closing Basis )
Target - 220/300
Highest Monthly Volumes, Big Up Move Is Coming.
Stock is trading near 2018 resistance levels. Stock has crossed a very crucial level which is a psychological resistance too i.e, 100 last week. And this week it is retesting this level. After 106 stock doesn't have any strong resistance to be taken care of. So it is a good opportunity and a good swing setup.
This analysis is just for educational purpose. Do...
Chart Type : Candlestick
Time frame : Daily
Tool Used: Fibonacci Extension
Please note that this analysis is based on the geometry of the chart, it is not a data based analysis.
From March 2023 the price has moved 85%. But for analysis we consider a strong swing of 65% which is from July2023 to today's candle and the Fibonacci extension is not drawn on the...
Stock has given strong BO on weekly chart with good volume, above marked level will go to next levels as PSU Banks are in demand, follow chart for proper support and resistance levels.
Stock has given BO on weekly and monthly chart with good volume spike, trading near long time resistance zone, BO above this good move to next levels, follow chart for proper support and resistance levels.
NSE:CANBK has given a solid breakout and a stop loss at 365 can be followed. PSU banks are looking strong and hence, you should hold this one with discipline. PSU banks are leading the current rally. Canara Bank also gave a strong monthly chart breakout a few months back and now is back in strong momentum.
NSE:BANKBARODA has given a solid breakout and a stop loss at 210 can be followed. PSU banks are looking strong and hence, you should hold this one with discipline. PSU banks are leading the current rally.
A flag and pole breakout has been observed in the weekly chart of NSE:RVNL . One can create a fresh position in the scrip around 135 or below with a stopploss of rs 115 for targets of 155/175/195
Exit the position if the stop loss is triggered on WCB.
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>>Stock has been in an uptrend since last year.
>>Over one year, it has been following a special trend line.
>>Since January 2023, it has slightly changed its direction and is now forming a beautiful
symmetrical triangle pattern.
>>Today, it has reached its resistance level and appears promising to break it.
>>If it breaks the trend line, we can initiate...
