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Vcppattern

Breakout Candidate- CDSLHello all, I have found a interesting setup which I want you all to study, learn and make a view. We all know that CDSL is a good fundamental stock and owing to that it saw a really good uprun in the bull phase of the market and then went into time and price correction which I consider as healthy. Now, after correcting and spending a lot of time in the sideways, it seems to be building up for the next move. The chart is forming a VCP pattern with consecutive higher lows. Has tested the resistance line multiple times (the more it touches the weaker it will become). I would also want you all to notice that it is consolidating nicely this time close to the resistance line and seems ready to take off the resistance this time with full power. Acc to me, the setup seems good to take a position here to get that first mover advantage. I would also request my friends @varadtambolkar and @vorayash05 to give their views on this setup. You guys also give a study to this chart and comment your views on it. Like I always say, together we can all learn and earn :) Happy Trading!
NSE:CDSLLong
by Ankit_Oberoi
11
HERANBA is a buy on dips chartThis is one of my favorite patterns. High reward with low risk. Heranba is in an minor accumulation phase now. I have marked an yellow box, which is an important demand range. If price falls near the yellow box that is a must buy for me. My targets are 900,950,1000. I will exit if the price closes below the yellow box. I have already bought some quantity today : ) Lets see how it pans out I'm not SEBI registered. This analysis is purely for educational purpose. I am not responsible for your profit or loss. Thank you Pinnacle Trades.
NSE:HERANBALong
by Pinnacle_Trades
5
Pondy on daily#pondyoxides Pondy oxides Attached daily and weekly charts. On weekly it is approaching it's resistance area If it closes above 480 on weekly basis LONG term position can be taken.!!! Keep SL of 390 on weekly closing for long term position... Target is better to trail but 715 is quite achievable.!! For short term trades daily charts have shown VCP long can be taken at close of 455 level and keep SL as 420 #VR please do your own analysis. These are my views and can be highly biased!!!
P
by VR46_TheDoctor
Approaching breakout#pondyoxides Pondy oxides Attached daily and weekly charts. On weekly it is approaching it's resistance area If it closes above 480 on weekly basis LONG term position can be taken.!!! Keep SL of 390 on weekly closing for long term position... Target is better to trail but 715 is quite achievable.!! For short term trades daily charts have shown VCP long can be taken at close of 455 level and keep SL as 420 #VR please do your own analysis. These are my views and can be highly biased!!!
P
by VR46_TheDoctor
Indian Bank- Good Accumulation Hello All, Yesterday I posted about how I am able to see a upside in PSU BANKS Index (I have attached the link of that article below). I asked you all to reflect on it and prepare a list of the stocks which can be the early leaders in this sector. I personally find Indian Bank's setup really convincing. Stock is forming a VCP pattern on the Weekly chart and looks ready to explode. A lot of accumulation can be seen during this period (just look at the height of volume bars). The quantity delivered during the high volume days is also good. Since it's a weekly chart the SL should be a bit long but so is the Target. SL can be kept around previous pull back level of around 120 while the first target expectation can be around 200. Happy Trading! :)
NSE:INDIANBLong
by Ankit_Oberoi
2
ACE - How to identify a no brainer [A textbook VCP Pattern]BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: The breakout levels are derived from the weekly line chart which is respected much more by smart money. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:ACELong
by raavigeorgian
2
Borosil Ltd - 10/15mth VCP with great R:R (1:8) BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: The breakout levels are derived from the weekly line chart which are respected by smart money much more than candlestick levels. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:BOROLTDLong
by raavigeorgian