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VCP

Gold - Weekly Bullish ViewAnalysis Points : - - 76 Weeks of Consolidation - VCP Formation - Near Trendline Breakout - Fibonacci Extension near to its Previous All time high (1st Target) - Daily chart outperforming Nifty by 3% in previous week this show relative outperformance of instrument vs Nifty. Note - This view is not for short term trading purpose this is rather positional for 5-6 Months. By looking at global market risks and inflation I prefer to shift some of my allocation to gold as neutral hedge against equity.
TVC:GOLDLong
by HB5
Goodluck: Will good luck shine to give a +47% gain?Goodluck: Will good luck shine and give a +47% gain? What is the trade idea? Stock has risen 441% within 20 weeks and formed a good 3T VCP pattern. Now it's been consolidating for a good 14 weeks. The entire consolidation is occuring in a high and tight range, and with the low risk range that’s currently in progress, it's been inviting to have a close look at what lies ahead. The current tight range is above the VCP centre line is most likely forming a pivot range that's <= 7%. My expectation is that 326 to 334 may offer resistance yet there's a possibility that these levels could be crossed in the coming weeks ahead. (as usual I'm hopeful, and expecting the market Gods to be kind) Expecting the current compressed range to continue and stay within the marked tight range box for the next two weeks or so. Here's my Trade Plan Entry : Test Entry on Breakout above at 302.40 Initial Stop Loss (ISL): Below @ 279.40 (SL based on structure) Note: Need to be watchful of breakout with high volumes and at resistance above. Potential Targets: 388, 447 Need to watch carefully what the price action will do around the resistance of 326-334 levels. If that is convincingly crossed, then both upper targets have a fair to good probability of being achieved. Chart marked with the trade plan. Please feel free to clarify your doubts, and trade safe.
NSE:GOODLUCKLong
by amar_gr
4
Dwarkesh Sugar: Will it break out to return a +30% gain?Dwarkesh Sugar is currently trading in a tight range and most likely forming a pivot range of <= 7% What is the trade idea? Stock has risen 222% within 21 weeks and formed a good 2T VCP pattern. Now it's been consolidating for a good 17 weeks and with the low risk range that’s currently in progress, it is on my high alert now. My expectation is that 78.50 should be crossed in the coming two weeks. (hopefully ;-) the markets have a tendency to surprise, always, and I'm wrong about 60% of the times) I am expecting a possible consolidation within the marked tight range box for the next two weeks. Here's my Trade Plan Entry : On Breakout above at 80.40 Initial Stop Loss (ISL): Below @ 66.80 (SL based on structure) Note: Breakout needs to be supported with high volumes. Potential Targets: 97.50, 105.90 Need to watch carefully what the price action will do around the resistance of 84 levels. If that is convincingly crossed, then both upper targets have a good probability of being achieved. Since price has been consolidating for long, my expectation is that 84 ought to be crossed decisively. Keeping fingers crossed though. Chart marked with the trade plan. Please feel free to clarify your doubts, and trade safe.
NSE:DWARKESHLong
by amar_gr