Trading in range on hourly chart. Range getting thinner. Accumulation being done. Investment opportunity above 1172 with a stop loss of 1135.
As per financial statements growth rate EPS of TATATECH should be 22++ and at EPS of 22 and current PE its price would be around 1800-1900. So if we believe on holding stocks with support of its fundamentals. TATATECH is a must hold company.
So now TATATECH has started to bounce back… From the volume chart you can see volumes have been decreasing with smaller red candles and last day it bounced back with a green candle and more volume than earlier. From here it will go to 1400 in upcoming days and maybe spend a day or two around it. And once it goes above 1400 it will go to 1800-1900 for now, and...
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...