VCP pattern CARBORUNIV VCP pattern in Daily time frame is developing in Carborundum Universal Limited.
The Volatility Contraction Pattern (VCP) is a technical chart pattern often used in share trading to identify stocks that are preparing for a breakout.
Key points from analysis:
VCP development: The stock is exhibiting volatility contraction, typically seen before a potential breakout. More than one VCP may require before the actual breakout.
Volume profile (screen-2): Observing volume is critical, as increasing volume during breakout attempts can confirm the move.
Cautionary note: VCPs can fail, so this is not a recommendation to buy or sell, but rather a signal to watch the stock for future trading opportunities.
It's essential to monitor the stock in the coming days to see if the price action fits your entry criteria and aligns with your strategy.
disclaimer :This is not a buy sell recommendation - only for study purpose .
