-ascending triangle with 50 ema support
-rising volume and strong closing from trenline support
-rsi ready for inside trend breakout
-adx and volume rising shows strength in momentum
-keep in radar it can give decent return
Volatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
In the Weekly Chart of ADORWELD ,
we can see that, it gave Cup & Handle breakout in Second attempt.
It has now retested the trendline and created a Hammer candle.
Enter on breaking its High with Low as SL.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Stock is trading in betwn two ranges 880.20 to 623.20 rs....if stock broke the level and give close above 880.20 rs then there will be possible upside in stock.
it is neccesary two closing of stock above 880.20 on monthly basis.{buy above only 880.20}
target-1000 rs
stop loss-600 rs
Chart -> Ador Welding Daily
CMP: 1078
Good Range: Around 1040
Target: 1155, 1325
SL: 975
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
ADOR welding formed a triangle after a Parallel consolidation the stock had a BO, then a correction happened.
Now forming a triangle pattern and going for new highs. Triangle BO done.
Stock has been consolidating from past 6 month and getting ready for the breakout & on Friday we saw volume spike also in chart.. The breakout is above 931 level , once the 931 levels break and sustain then stock can hit 950,960,980 & 1000 level.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned...
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned...
