Nandan Denim / VCPWe can clearly see the volume contraction pattern on the Nandan Denim chart. The stock has broken its flag pattern and can give a good move from now any volume supported upmove can be seen as buying opportunity
All the key points mentioned on the chart itself
Don't take the full position at once
Maybe buy 25% on the initial signal
Add another 50% on confirmation of the signal
Add another 25% on the follow-through of price action
Build your position 1 step at a time,
Add to winners and losers are cut short
Warning: Nandan Denim has low liquidity. Would suggest managing your position size.
VCP
Heranba Industries Ltd - VCP & Base formation from IPO lowsHeranba Industries Ltd had formed good base from IPO lows.
VCP / C&H pattern indicates good accumulation by institutional players, & weak hands moving out of stock.
Had earlier formed a low cheat entry near 740 levels.
Stock is near Pivot point levels of 823 levels. Good move expected on close ab 823 levels on weekly basis.
Stock can be a potential Multibagger from current levels.
TATASTLBSL offers good R:R positionally (Study)- Price coming out of VCP contraction range;
- Spread value crossing over 50 ma;
- Positive Volume Activity during VCP Breakout.
- Accumulative volumes during consolidation.
- Stock took a breather of 20% after 110% rally.
Potential Breakout opportunity - Paj IndustriesPraj Industries is forming a nice VCP at around it's 21 EMA. This consolidation has been happening nearly over the last one and half month. A breakout from this level can be explosive. Fundamentally, it's a very good stock. Keep an eye for the breakout and can plan the trade accordingly.
J Kumar Infraprojects / VCPJ Kumar is forming a volatility contraction pattern
If 205 is taken out with volume expansion we can see it as buying opportunity
All the key points mentioned on the chart itself
Don't take the full position at once
Maybe buy 25% on the initial signal
Add another 50% on confirmation of the signal
Add another 25% on the follow-through of price action
Build your position 1 step at a time,
Add to winners and losers are cut short
TATAMETALI: VCP Pattern FormationNSE:TATAMETALI
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
SUBEX: 54 Days of Consolidation-Breakout BSE:SUBEX
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
Contraction Near Old Supply ZonesWhenever A Stock Starts Getting Tighter Near An Old Supply Zone , It Can Be A Good Buying Opportunity.
Gati Here Started Getting Tighter Near Its Supply Zone From March 2019 In February 2021. The Contraction Was So Tight That The Stock Moved Only Between The Range Of 94.5 ( High ) & 90 ( Low ) For The Entire Week. I Went Long @ 95, The Stock Made A Big Move of 22% In the Next week and hit another supply zone at 119.4 but never came below my buy price, infact it started getting tighter again and broke through that zone too. The Story has just been repeating itself since then.