📌Levels are mentioned on chart for ❝Swing trading❞.
This stock looks good for medium to long term as well. Travel industry is expected to pick up with the withdrawal of second corona wave. It can be bought at current price or safe traders may wait for it to retrace back to the neckline and enter there.
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what...
Disclaimer: This analysis is posted as my online journal for educational purposes only. This is not a buy call.
As you can see in HEG's chart above, it has risen 291% in 22 weeks and it has now experienced 3 tight contractions C1, C2, C3, with the C4 currently being in progress.
The C2 contraction was half of first, but the C3 was 18.5%. The last contraction...
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
VCP Studies:
Nice Textbook VCP pattern with 5 Contractions
Move started with a failed breakout, from Ctn4. This was followed by a shakeout.
Finally...
I HAVE SPOOTED A VCP PATTERN IN DIXON TECHNOLOIGES ON 1 DAY TIME FRAME OR 4 HR. YOU CAN BUY THIS PARTICULAR STOCK ON EQUITY BASIS OR INTRADAY (IF SHARE CROSSED 4400 PRICE).
YOU CAN ENCOURAGE ME BY POSTING A COMMENT AND LIKE
THANKS
ISHU PRAJAPATI
Orient Paper NSE:ORIENTPPR has a good almost a text book like VCP in progress. ( who cares if its called by a Cup & handle name or any other ) the bias does seem highly biased to me on the upside.
Stock Shifting from Basing stage and likely to move to advancing stage. The past FIVE weeks price action is suggesting an upward bias. Average volumes are also...
- Daily Chart
- Near ATH, poised for breakout
- VCP Formation
- Tightened towards right
- volume spikes in last few days
- Manage risk, use stop loss and position sizing
- Daily Chart
- Near ATH, poised for breakout
- VCP Formation
- Tightened towards right
- volume spikes in last few days
- Manage risk, use stop loss and position sizing
- Daily Chart
- Near ATH, poised for breakout
- VCP formation
- Volume declining while formation of VCP
- Tightened towards right
- Looks good for swing trade, if breakouts with volume and sustains
- Manage risk, use position size and stoploss
NFL 87 DAYS VCP PATTERN FORMATION can blast once the trendline breaks
Buy range: 75 to max 5% from trendline breakout (NEVER CHASE A STOCK)
SL: Max 8% (NEVER RISK MORE THAN 8% ON A TRADE)
Target: 20-25%
JSL 136 DAYS VCP PATTERN FORMATION can blast once the trendline breaks
Buy range: 97 to max 5% from trendline breakout (NEVER CHASE A STOCK)
SL: Max 8% (NEVER RISK MORE THAN 8% ON A TRADE)
Target: 20-25%
BirlaSoft reacted strongly from its rising 200ma & went up to closed above 20 & 50 sma on Friday.
It forming a very inviting long tail candle. The volume though was marginally (@25%) higher wrt its 10day average.
On Monday, it gapped up strongly and now today's close seems to be sustaining well. Waiting to see how the coming weeks shape up.
Planned GTT entries...
