Overall Nifty is in a Rising Wedge. The way it is shaping up after a cup breakout and now 3 VCP in an ascending triangle, it seems the short term correction will be over soon, unless something drastic happens and the ascending triangle is breached on the downside. MACD also looks bullish for now.
NSE:VIDHIING Levels mentioned in Chart. Note: Not a SEBI Registered analyst. Trade at your own discretion.
NSE:GNA Levels mentioned in Chart. Note: Not a SEBI Registered analyst. Trade at your own discretion.
NSE:CYBERTECH Levels mentioned in Chart. Note: Not a SEBI Registered analyst. Trade at your own discretion.
NSE:NBCC Levels mentioned in Chart. Note: Not a SEBI Registered analyst. Trade at your own discretion.
NSE:WELSPUNIND Levels mentioned in Chart. Note: Not a SEBI Registered analyst. Trade at your own discretion.
NSE:UFLEX Levels mentioned in Chart. Note: Not a SEBI Registered analyst. Trade at your own discretion.
Volatility has contracted on 15 min chart along with congestion in RSI. 2nd Rise was on back of contracting range. Initial fall in 3 rd attempt was on high range but later range contracted. Only 1st fall and rise had seen some big range candles on 15 min chart. 2nd retracement of 50% of 1 st rise. 3rd retracement is already 50% of 2nd rise and just away from 25%...
Volatility contraction pattern of Mr. Minervini is clearly visible. Volume is giving support to the pattern. Negative divergence may result in some retracement for 3 rd time. After that I expect a clear breakout from the pattern. 3120-3160 is the zone to expect 3rd bottom with much lower volume and tight range. If this happens then we might see breakout from the...
Looks like a very good entry point based on the pattern formation. SL is a bit wide below the red line but will rock if the pattern breaks out.
- 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
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
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...
ALBERTDAVD Daily: CMP LOOKS GOOD FOR MORE UPSIDE 1) 4 Time VCP 2) 1 year Trendline Breakout + Retest 3) Pharmaceutical Company
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...
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...
📌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...