QpowerRed big candle with low volume show no buyer interested,
But after next candle protect low,
3 rd bullish candle with low volume, show very less sellers participate
After that look like accumulation in tight range , today nifty index fall ( black line nifty 50 index price)
But Qpower stay in range , looklike bullish candle provide support.
QPOWER
QPOWER - Breakout Setup, Move is ON...#QPOWER trading above Resistance of 1009
Next Resistance is at 1305
Support is at 732
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
QPOWER : Breakout Stock#QPOWER #vcppattern #breakoutstock #momentumtrade #trendingstock #swingtrade
QPOWER : Momentum Pick
>> VCP Pattern
>> Breakout & Retest done
>> Trending stock
>> Good strength & Volumes building up
>> Good Upside potential
Swing Traders can lock profit at 10% and keep Trailing
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Disc : Charts shared are for learning purpose only, not a Trade recommendation. Do your own research and consult your financial advisor before taking any position.
QPOWERQPOWER is recently listed IPO stock and now it has given triangle breakout with decent volume. 355-60 is very strong support. Closing below this may change my view. Upper side we may see momentum till 470-510. Risk reward is quite favorable. Another thing which i observed is today it is trading at all time high volume after listing day. So probability of holding and continuing momentum is quite high. keep it on radar.



