Vcppattern
Target 1 Done | 28% Gain in 53 days | GoodluckTarget 1 Done | 28% Gain in 53 days | Goodluck
The entry was triggered at 302 on 15th Nov 2021, after which the overall market witnessed a correction.
Fortunately, after the entry the market structure held well and the SL placed at 259.40 remained intact. Actually the market missed the SL of 259.40 by a whisker. Whew.
Goodluck formed another low risk pivot range, which eventually broke out on the upside. (Here, unfortunately I lacked the conviction to add at 277.)
From this low risk entry point within 18 sessions, the stock went moved up by an excellent 44%. (Big lesson learnt and taken there)
Overall volumes have not been healthy enough to propel the stock past the 400 round number. Let's see how the stock holds for the next 10 - 12 weeks.
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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.
Dwarikesh Sugar | Targets +22% to 44% ?Dwarikesh Sugar: Will it continue its momentum and give another +22% gain?
Post its breakout, the stock has consolidated well below Rs 100 range. This consolidation has been supported by excellent volumes too.
The past two week price action is indicative of likely strong up moves in the coming weeks ahead.
My expectation is that 119.80 should be most likely crossed in the coming 3-4 weeks. There's a fair possibility that even 141.75 may well be achieved within the next 5-6weeks.
Stocks in Stage 2 have a tendency to continue their momentum moves.
Let's see how this stock behaves ahead in the coming weeks.
Here's the Trade Plan
CMP = 98.05
Entry : At 96.60 to 98.80 range
Add on Dips: At 92 (Low Risk Entry)
Initial Stop Loss (ISL): @ 90.80
Wide SL 84.80
Potential Targets: 119.80 (+22%) 141.75 (+44%)
Note:
Breakout closing above Rs 100 needs to be supported with high volumes.
Trade Setup gets invalidated once stock starts to trade below 84.80
What have you learned from these studies and updates?
Can you see the continuation of the Momentum pattern? How will you apply and gain from it?
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Jubilant Ingrevia | VCP Pattern | Buy abv 640 for Min30%NSE:JUBLINGREA
Inverse Cup & Handle Support Tested
Pattern Formation (Retracement from Top) with Low Volumes
Swing Trade for Short Term
Buy at CMP for Tgt 620-630
Positional Trade for Mid Term
Buy Only Above 640 WCB for Tgt 840 - 1025
SL : 490 (Strict Exit)
Positive RSI Divergence, will become stronger once weekly RSI>55
Coffee Day opens up 2 wild targets that can help swing traders pCoffee Day opens up 2 wild targets that can help swing traders profit up to 300%?
Coffee Day stock has now moved from Stage 1 to Stage 2. This indicates a start of a new uptrend.
What's been brewing so long? (in technical lingo)
The basing stage has taken about 18 months from its all-time low of Rs. 14.25 in June 2020
The first weekly contraction was sharp and deep. It formed a low of 20.20 and moved to make a high of 49.65. The flag pole rise was a good 145% in a scant six weeks. The second contraction was again deep. The final weekly pivot range was in the narrow range of 13.73% and this took a good six weeks as well.
The current week’s close has witnessed a convincing breakout, that's supported by high volumes. A Wide-Ranging Bar (WRB) that formed this week has decisively closed at its highest levels and broken above on the weekly charts.
It's time to perk up and watch out for more.
This is the time where the market participants can continue their buying frenzy in truck loads. The early phases in the last two weeks have already seen significant buying since the 18th Oct 21. The higher weekly volumes show that Institutional buying has been in progress for the past seven weeks.
The institutional buyers seem ready to fire on all cylinders.
What lies in the weeks ahead?
The possibility in the coming week itself strongly seems to suggest a gap up open on Monday. The coming two weeks could lead to follow-through in price action with a high probability of the stock continuing to close at its extreme highs.
In all probability, this stock has a strong potential to turn into a +3X multibagger.
Potential targets for the upcoming first half of 2022 are;
Target 1 = 76.80 (+55%)
Target 2 = 89.55 (+80%)
Target 3 = 99.45 (+100%)
What looks possible further out into the future?
The second half of FY 2022 could well see the following wild targets opening up.*
Target 1 = 195.70 (+295%)
Target 2 = 216.80 (+337%)
*Subject to the uptrend remaining intact.
What are the hurdles ahead?
The range of 76.80 to 89.55 could well offer strong resistance. It will be interesting to see how Coffee Day powers through these ranges. These ranges should offer an opportunity for a healthy pause, consolidation, and low-risk entry at these higher levels.
Once Coffee Day manages to clear and sustain above 99.45 and close into the 3-digit territory. Then the path ahead could well be ready for a ludicrous mode move. (Tesla fans would understand this) For the rest of the guys that means rocket boosters lying in this zone could rapidly take this stock to the higher zones indicated.
Here's my Trade Plan
- Entry: Test Entry on market open. Add on pullbacks at 44.15, or worst case up to 40.20
- Initial Stop Loss (ISL): Below 38.80
Will keep updating the stock views on a weekly basis. (Depending upon significant price action and market structure changes.)
Coffee is best enjoyed while it's smoking hot.
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.
Target 2 Achieved | +33% Gain in just 10 days | Dwarkesh Sugar
This is the update to my earlier view shared on 14th Nov 21 on Dwarkesh Sugar.
As on 14th Nov expectation was that 78.50 should be crossed in the coming two weeks.
10 days later the overall markets became weak.
The above view was revised on 28th Nov indicating that 4-6 weeks of patience would be needed.
It took a total of 7 weeks instead of initial anticipated 2 weeks of consolidation. Which was in fact a very good thing to happen.
During these 7 weeks Dwarkesh traded in a narrow range.
It printed more green days than red and also showed good signs of accumulation.
Of the total 35 sessions,
-18 bars were green and
- 7 green bars had above average buying volumes.
- Red bars majorly were showing below average volumes.
All excellent signs of institutional accumulation.
Also during these five weeks of consolidation two attempts at breakdown failed.
Dwarkesh eventually neared the rising 200day sma support zone.
With the second breakdown attempt failing above 200d sma, breakout above 74.50 was now needed for entry;
The Trade Plan was revised as below for entry above the narrow range.
Entry : On Breakout above at 75.40
Initial Stop Loss (ISL): Below @ 64.80 (SL based on structure)
Note: Breakout above was needed with high volumes.
On 4th Jan 2022, the breakout occurred and entry was triggered in the opening hour itself.
The trading volumes within the first hour of open supported the rise and eventually made the stock hit the upper circuit by the close of the day.
Thereafter Dwarkesh Sugar took just 9 sessions to return an impressive gain of +33%.
Patience pays.
Waiting it out for the right time until;
A. the low risk entry exists
B. in the right direction and
C. at the right location
is the key to winning the momentum game.
Catching a momentum stock is much like waiting for the spring to be compressed fully.
Then just jumping on the spring just before the pressure is released, will help one to fly higher with little effort.
Can you see that pattern?
What have you learned from these studies and updates, and how will you apply and gain from it?
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👇👇 Check my idea snapshot image dated : 14th Nov 2021
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Dwarkesh Sugar: Will it break out to give a +30% gain?
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VCP PATTERN- BREAKOUT- HINDALCOHindalco Made a VCP Pattern and broke the Pivot with High Volume. After Breakout took a small pause and moved up with a considerable volume.
During VCP volumes (sell) decreasing which makes a good probability of a up move.
NSE:HINDALCO
Note: This is for educational purpose only, not for any buy/sell recommendation.
HBLPOWER providing proper buy point with VCP characteristicsHBLPOWER has formed a nice base with VCP characteristics .It has shown good Relative Strength when market was correcting. It is providing very tight pivot with reducing volume. Entry can be made above horizontally drawn pivot with initial SL at 60 Levels
CDSL | Volatility Contraction PatternNSE:CDSL
Swing / Positional Trade
(Passed All My Technical Analysis / Fundamental Analysis Check's)
Entry / Exit - This Time What Suits You According to the setup. :: (Risk Must Be Managed.)
Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market.
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