VCP
Morepen Labs VCP Studies Sharing VCP analysis of Morepen NSE:MOREPENLAB
Currently in Advancing Stage
In Less than 4 Weeks (26 sessions)
Net Gain after Breakout = 106%
Flag Pole was 80% High
Consolidation was 291 sessions
VCP Studies:
Nice Textbook VCP pattern with 5 Contractions
Move started with a failed breakout, from Ctn4. This was followed by a shakeout.
Finally after 4 weeks of testing patience, Morepen broke out.
Basing Stage:
VCP Formed = 291 days, until successful breakout
Refex setting up to resume Upmove. Refex has completed three contractions, all within the 25% range.
It seems to have started to move up from its tight range.
The volumes need to be encouraging and higher to be able to decisively cross above 142.40.
Entry levels, risk, and targets shown for my journaling purpose.
Vindhya Telelinks - 1.5yr VCP Breakout SetupHFCL from the same sector has given a good all time high breakout. This won't stay far behind.
Sector on the move.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
ORISSA MINERALS - 1YR VCP BREAKOUT SETUP SL: Sell below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
BUY RULES:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL RULES:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Triple Digit Move In IIFL After A Weekly Inside Bar BreakawayAfter A Quick 55% Move in 3 Weeks. A very Tight Weekly Inside Bar Formed On The Chart Of IIFL. The 10 WMA Was Right Below The Price Making It The Perfect Setup. The Stock Moved 204% in 3 Months From Here After The Breakaway.
Very Fast Triple Digit Returns Were Available Here. One Good Trade !
NIFTY 50 - Be Cautious below 14250Nifty has been moving in a descending channel forming 3 VCP.
A breakdown could prove fatal and unfortunately chances for a break down are more.
Watch out for very strict breakdown below 14250 because MACD is already weak and it could trigger a bigger fall.
The bullish divergence could see a minor pullback but under the situation don't construe it as a recovery. It could just be that pull back before the fall.
I would suggest fresh entries only above a good closing over 14950.
For all the charts I have posted, please revise your stop loss based on your risk appetite.
Sagar Cements consolidating within a VCP patternSagar Cements is making a VCP pattern , with decreasing price volatility as you go from left to right.
There has been some promoter buying seen too in recent quarters, plus the company has performed better in last 2 quarters.
One can consider buying above 753, with a Stop below 696.
Cement sector in India has performed well during recent times, with many stocks like Ultratech, Shree Cements, Ambuja Cements, ACC, Ramco, JK Cement, Heidelberg, hitting their life time highs.
Remember that patterns do fail and therefore you must maintain proper position sizing according to your risk-appetite.
UBL GOOD LONG CANDIDATEUBL SPOT CMP 1297
NEAREST RESISTANCE IS 1308 LEVELS,, ABOVE THAT COUNTER MAY GIVE SHARP UP MOVE OF 5-7-10%
ASCENDING TRIANGLE PATTERN FORMATION HAVING RESISTANCE LINE AROUND 1308
INVERSE HEAD AND SHOULDER PATTERN FORMATION HAVING NECKLINE AROUND 1308
VCP PATTERN FORMATION CONFIRMS BREAKOUT ABOVE 1308 LEVELS
Long positions can be created above 1310 levels ,, with stoploss of 1270 on hourly closing basis,, for upside targets of 1375-1400-1425-1450..
Good long candidate.