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
Nice Textbook VCP pattern with 5 Contractions
Move started with a failed breakout, from Ctn4. This was followed by a shakeout.