A VCP being formed indicating weak hands being removed at every new trend
Classsic Base VCP. Breakout above 340-350 will be a great opportunity. SL Below this horizontal support.
NSE:USK Building up typical VCP pattern with Higher lows & low volumes, absorbing supply. Can give a huge move on breakout. 🔥
Chart is self explanatory. The VCP play might work out/ might not work out - but with the kind of order book the company is winning, it seems a reasonable bet at this valuation. Note : This is not an investment advice. This post is meant for educational purpose only. Kindly do your own due diligence before investing
TCPL VCP breakout Only for learning, trade at your own risk.
#SBI : VCP Breakout Positional Call (1-3 months minimum) >> Entry at cmp or at retracement till safe entry levelz >> Good Volume Buildup >> Good strength in Stock >> Swing Traders can book profits at 5-10% or keep trailing Trgts : It will test the Previous Swing highs Keep Liking & sharing for more such Learning
Attached: GAIL Daily Chart as of 26th April 2023 Call it VCP or Cup & Handle or Inverted Head & Shoulders Pattern Clear Accumulation on a Low Volume Sell Off Makes GAIL a New 52 Week High Candidate for May Series
1. Classic pattern has developed over a very long period 2. 3C entry 3. price squeeze
1. possible cup formation 2. change of polarity worked as support 3. correction of 11.53% form high 4. low cheat breakout and entry triggered
ULTRAMARINE AND PIGMENTS LTD Technical and fundamentals are good ✨ Volatility contraction pattern in daily ✨ volume contraction in weekly Target: 770 Current rate: 333.33
three contracting bases 1st 19% 2nd 13% 3rd 8% contraction
Good daily close today, VCP type structure breakout + Descending channel breakout + Volume surge + above 50 MA
1. price breakout with volume wait for delivery data eod. 2. consolidation on falling volumes. 3. volatility contraction 4. RS ATH breakout 5. upside potential of 40 points
NSE:CNXAUTO - Overview on all timeframes - MTF, WTF, DTF DTF its trading within ascending triangle. Expect price to consolidate WTF its taking long term support and might make double bottom as long s 12675 is held on weekly closing basis. Also showing signs of flag pattern formation but that will be only confirmed if 12675 is held. If thats broken, bullish...
It does look like a Volatility contraction pattern (Mark Minerveni's popular pattern) to me. Does it look the same to you? I may be wrong. Hence your comments and suggestions are welcome. Thanks Rohit
The stock is showing strength even when the smallcap index is going down. Recent volume also suggests that institutional buying is going on. Can take a position with -7% stoploss if the stock goes above Rs. 47.4.
Here I show why I bought some #ROSSELLIND. The stock has been in an uptrend with heavy volumes supporting it. The stock was taking a breather before continuing it's ascent. I found a low risk point to get the entry and the stock immediately shot up. #ROSSELLIND #MARKMINERVINI #LOWRISK #VOLATILITYCONTRACTION #VCP #INDIA #