Vcppattern
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.
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!!!
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!!!
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! :)
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.
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.
ISEC : Volatility Contraction Breakout!!NSE:ISEC has broken out after contracting from July ! Breakout is supported with good volume and the stock has formed volatility contraction pattern. Enter on retest or add on dips until 790 - 795 which is the best possible entry in terms of Risk/Reward.
Disclaimer : This is not a call. Chart shared only for educational purpose. Do your own research before initiating the trade.
SBI Cards - 8mth VCP [Reading weekly Price-Volume Action]
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: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
DB Realty - 3yr VCP [With Volume cluster near breakout]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: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Ashoka Buildcon - 2yr VCP / Ascending Triangle BO on volume
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: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.