SUNTECK - EXCELLENT SETUP (MULTIYEAR BREAKOUT)Price Action has gone through multiple contractions since 2019 and is now poised to breakout of a major supply zone. Though Price action has broken the barrier, will still wait for a day to confirm a true breakout
First contraction was close to 72%, followed by 50% during 2023 & finally reduced to 28% before giving a breakout. Squeeze kept getting tighter for each consecutive contraction which is a very positive sign.
Even Volume support seems to be present along with Sectoral Tailwinds behind Real Estate
VCPS
VCP Breakout: THOMASCOOK 🚢📌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.
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