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VCP

Contraction Near Old Supply ZonesWhenever 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 22% In the Next week and hit another supply zone at 119.4 but never came below my buy price, infact it started getting tighter again and broke through that zone too. The Story has just been repeating itself since then.
GLong
by mohit_nischal
HEG VCP Trade. Pivot currently in progress.Disclaimer: This analysis is posted as my online journal for educational purposes only. This is not a buy call. As you can see in HEG's chart above, it has risen 291% in 22 weeks and it has now experienced 3 tight contractions C1, C2, C3, with the C4 currently being in progress. The C2 contraction was half of first, but the C3 was 18.5%. The last contraction C4 now ( the week just started today) seems to be forming in a less than 10% range. (Hopefully this tight range is maintained for the running week.) Another positive sign is that the pivot range is forming above the centre line of the first contraction. Contraction's less than 10% in the final contraction means that the stocks supply in the market has diminished considerably and the daily volumes are confirming this with below average numbers. Whenever a huge demand will occur, it's very likely that the price of HEG could explode. Will HEG explode or turn out to be dud ? Will it experience a shakeout of weak hands ? What are your thoughts ? Watch this space for updates. Thank you for following my work. Please feel free to share your thoughts, critiques & suggestions. Trade Wisely & Trade Well. Disclaimer: The content provided is my personal experience sharing through technical analysis studies. The content can only be used for education purposes and is NOT a recommendation for buying or selling stock. Please consult your financial advisor before making a decision. Trade at Your Own Risk.
NSE:HEGLong
by amar_gr