Potential minimum extension of 161.8%After a prolonged correction, a Motive wave has been initiated on the price chart of Cambridge Technology. Wave 1 is classified as a Leading Diagonal. The price could potentially reach a minimum extension of 161.8% if it evolves as a Motive Wave. This indicates a bullish trend might be developing.
Trade ideas
CTE bullish; above 91.2 ? - Wednesday 14th Feb.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
VCP PATTRERN BREAKOUTS 📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF CTE :-
•VCP pattern on WTF with strong candle
•Volume contractions
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can DM me Or comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
CTEVolatility 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 uptrend.
A period of price consolidation must take place in thebase.
Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement.
Price volatility must contract through the base (from left to right).
During this period of price consolidation the stock price will correct.
Price must correct through a series of smaller contractions.
Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions
WEEKLY
CTE - super setup for studying and making gainsNSE:CTE
cmp is 71.50
this is a good setup to study and find opportunities for making gains in coming months
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
CTE : 74% ACHIEVED Hello guys!
I hope learning well from my analysis.
This analysis was published on 8th December 2021. We've caught 74% in one and half month.
Trade is on. I hope you've booked some of the profit.
I'm here providing some levels.
1) As the price has reversed. If weekly candle closes below 80.5, it can be considered as the trailing SL.
2) TARGET is the same as mentioned before.
That's all.
Cambridge Technology Enterprises - Bullish Resistance breakoutWeekly chart
cmp 102
Downward resistance line breakout with huge volumes.
Stochastic divergence propelled the upmove leading to breakout.
Stop at 78.
Conservative Target at 140 plus.
Fundamentals:
Profitability :
Current RoE at 35% ; Last 3 years avg RoE at 26%; indicates current performance better than past performance.
NP
Cash generation:
CFO at Rs 29cr ; indicates company generating cash from operations which is a very good sign ; Previous year cfo at Rs 9 cr.
Leverage:
Debt equity at 0.27
Other valuation metrics:
P/E 15, p/b 3.9
Underlying business model:
Company into bigdata/cloud/AI/Machine Learning.