I was going through this book called "Trade like a stock market wizard", I have tried to implement some concepts in this chart. Although this has not formed the proper VCP pattern but still I can see some traits of it.
Target 1500 plus
1) Double bottom breakout at 1150 with good volume.
2) Price bouncing back on a nice trend line.
3) Price might retest the support line or close to support line 1150-1175.
4) Aggressive investors can enter at cmp; but should be willing to face the retracement just in case it happens.
5) Conservative investors can invest ...
Targets : 800-820-845 Buy range : 750-760 Stoploss : 710 Duration : 4-5 weeks
The key observation on the price chart of L&T Technology Services is that the stock has recently registered a breakout above the upper band of the “Falling wedge” like pattern with sharp surge in volumes, encompassing the entire decline since June 2017 high ...