Stock bottomed and formed a good base now ready to move towards north Volatility contracting from left to right Buy Range: 320-351 Sl: 8% max Target: 50% Note: Not a SEBI Registered analyst. Take the trades at your own discretion.
4 months VCP PATTERN FORMATION Stock has been making base for last 4 months ...weak hands has been shaken out Buy Range: 160-170 SL: 8% Max Target: 40%
BEPL has given a breakout of a Volatility Contraction Pattern that has been forming since the last 6 months.
- Daily Chart - Near ATH, poised for breakout - VCP Formation - Tightened towards right - volume spikes in last few days - Manage risk, use stop loss and position sizing
- Daily Chart - Near ATH, poised for breakout - VCP formation - Volume declining while formation of VCP - Tightened towards right - Looks good for swing trade, if breakouts with volume and sustains - Manage risk, use position size and stoploss
Volatility contracting from left to right. Buy Range: CMP SL: 8% max Target: 30%
Volatility contracting from left to right. Buy Range: CMP SL: 8% max Target: 30%
Volumes are getting dry when price is retracing Traded Qty 2.7x Delivered Qty 2x Futures OI addition +5.8% Brent Crude beneficiary SL 100 Target 145
Tanla Platform is on the verge of a Breakout from a VCP that has been forming over the last 50+ trading days..
Volatility contracting from left to right. Buy Range: 980- 1010 SL: 8% Max Target: 20%
Volatility contracting from left to right. Buy Range: 1376-1445 SL: 8% Max Target: 30%
IOL CP fell below it's 200 days EMA and found support in the demand zone.. Currently, the stock is on the verge of a breakout of a VCP pattern that is coming off it's 200 days EMA. Generally, a breakout that is off the 200 days moving average is expected to be explosive and with quarter results due on 4th June, could also be expected to play a role in the rally.
Stock is forming a nice VCP around it's ATH.. Volume is visibly dried out and the stock is forming a nice symmetrical triangle. Ideal candidate for a breakout but it's better to wait for the breakout to happen as the stock can breakout on either direction.
Volatility contracting from left to right. Buy Range: 52-55 SL: 8% Max Target: 15-25%
Volatility contracting from left to right. Buy Range: 1371- 1440 SL: 8% Max Target: 30%
Lets 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...
Glenmark has been forming a Pole & Pennant formation. The volume has dried up since the Pole formed and with earnings expected soon, the stock can be considered to be in a nice Volatility Contraction Pattern.