- 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%
Buy Range: 218-230 (within 5% of trendline breakout) SL: Max 8% Target: 20-25%
Broke out from VCP PATTERN ( Volatility contraction pattern) gapped up Can double from here
Stock is trading in a tight range can have a upside if breaks out of the range.
Sonata Software has given a Breakout after forming a classic Volatility Contraction Pattern.
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...
Moving along with sector. 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 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the...