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VCP

Will Orient Paper Target 39.50 ?Orient Paper NSE:ORIENTPPR has a good almost a text book like VCP in progress. ( who cares if its called by a Cup & handle name or any other ) the bias does seem highly biased to me on the upside. Stock Shifting from Basing stage and likely to move to advancing stage. The past FIVE weeks price action is suggesting an upward bias. Average volumes are also higher indicating accumulation. Overhead strong supply zones exist @ 30 to 31.20 above which the stock can have a good run. Remains to be seen how the price action shapes out in the coming weeks Today's earning report event may well decide whether it will break out this week or tomorrow ?
NSE:ORIENTPPRLong
by amar_gr
L&T Finance Holding SL 80/82Lets drill down to weekly time frame Price gave a pullback and trying to move in a channel EMAs acting as support 200Day EMA may act as a resistance for time being we need a weekly close above 95.35 or 96 so that the stock can move up freely levels are marked in the chart for positional targets RSI divergence on Weekly time can be observed along with the same Relative has also entered into a positive territory Stock is clearly taking support at 200Day EMA We also have Anchored Vwap support Avg volume is also looking good Trying it make volatility compression pattern i.e. VCP pattern The overall price structure needs to be understood and its looking nice over here
NSE:LTFLong
by Harshil_g