A potential long term reversal candidate. This stock had been in a long drawn bearish trend. Over the last few months the fall turned into a sideways phase. Now the it seems that the scrip is ready to move up. Analysis down primarily on weekly chart but also in daily chart. Have a look!
NSE:CNXAUTO - Overview on all timeframes - MTF, WTF, DTF DTF its trading within ascending triangle. Expect price to consolidate WTF its taking long term support and might make double bottom as long s 12675 is held on weekly closing basis. Also showing signs of flag pattern formation but that will be only confirmed if 12675 is held. If thats broken, bullish...
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 #
India Bulls Housing Finance has suffered a rapid fall and now price has been trading in a range. With upper range at 300 and lower range at 85-90 levels. A Sharp volatility contraction is happening in the stock which can break on the upside. Check the video for more details , risk reward for this trade is 1:4. Cheers, priceNpedia
Whenever A Stock Starts Getting Tighter Near An Old Supply Zone , It Can Be A Good Buying Opportunity. Gati Here Started Getting Tighter Near Its Supply Zone From March 2019 In February 2021. The Contraction Was So Tight That The Stock Moved Only Between The Range Of 94.5 ( High ) & 90 ( Low ) For The Entire Week. I Went Long @ 95, The Stock Made A Big Move of...
Volatility Contraction Pattern in GRSE Backtested from August 2019 showing how the stock behaved post the pattern was formed and how the trade was executed.
A stock that is resting on or near its 50 DMA has a better chance going up than a stock far away from it. Have tried to explain this in the video, hope it helps you with your future trades. Do let me know if like the idea