alkyl amine look good to go long with stoploss as given r:r good 3:1 Don't go full while trading in such market so we will take only 1/2 percent risk as of now
KEI - The contraction in KEI dropped from 12 % to 4% over a period of 17 days. This means the weaker buyers were getting out and the stronger ones were accumulating which resulted in the stock shooting up 10% in the next 3 days post getting into very tight movements in the last 3 days of the total 17 days.
#GRSE-bought at 140, after #vcp setup with the volatility drying from 13% to 6% .The Stock though was 80%(100 preferred) up from 52 week low so bought less. It shot up 25% in 14 days. Closed 25% quantity on that day and the rest today. Total return 20% in 20 days.
Bataindia - Bought it after a volatility contraction pattern formation with the volatility dropping from 14% to 3% in the second contraction (marked by the green curve lines). A drop of 50% in volatility is good but in this case it dropped more than 50%, which means most of the weak buyers were out of the stock. Institutional buying drove the price higher by 22%...
Tanla Solution is ready for a breakout, can give one final volatility contraction. Don't mis out this one !
After 3 contractions over a period of almost 3 months , price is up above the resistance zone which was also coinciding with the price around 200 MA. EPS has also increased for the past 4 quarters.
The stock witnessed a sharp breakout couple of days ago from a nice volatility contraction pattern. Am interested in buying this one on a fresh breakout to new highs. Lovely price and volume action.
The stock has displayed the tendency to congest or form a nice VCP pattern, as described by Mark Minervini. Another such pattern is in progress now. A breakout above the green line in the chart will be a sign of strength and would have me interested in buying this stock.
Tata Global is in a nice little consolidation. Have a look at the charts of Shakti Pump Balkrishna Industries which have similar (not the same) kind of pattern. The theme here is narrow ranged bars with a dry-up in trading volume, suggesting volatility contraction aka VCP pattern (a term coined by Mark Minervini). Bombay Dyeing & Visaka Industries are a couple of...
The stock is in an uptrend. After a brief correction, the stock staged a breakout today to new highs, backed with volume spike. It has also completed a cup & handle pattern. Am long this stock.