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...
The extended downtrend in stock since April'22, after a year price given a falling wedge breakout and retested that with bullish candle .
Key support at ema 200 and price above all important moving average.
Entry at current level or above Rs 300 (day's closing candle) ;
Stop Loss below 270 ; Target = t1 & 2
Thanks
-AJ
Disclaimer: The information and...
SastaSundr has shown a strong breakout from the downward sloping channel. Some upside can be expected here given the strong support it has formed after breakout and the high relative volume.
SASTA SUNDAR DAILY LINE CHART
STUDY AND INVEST ,not a buy recommendation
CHART LOOKS GOOD, 260 immediate support
CURRENTLY STOCK PRICE move through short term descending channel After a multiyear breakout from consolidation, .STUDY THE FUNDAMENTALS ,Watch concalls and investor presentation for more idea about future plans of the company.
Previous trend: Consoldation (110 to 153)
Present trend: Bullish (price has again tested breakout level of 153)
Support: 135 and 115
Resistance: 252 and 335
Breakout: Four yearly breakout
Volume: highest volume of 2.14 mn on the 19/04/2021 weekly basis (level broken 153).
Price invalidation level/stoploss:115 on Monthly Closing Basis.
Disclaimer: Only for...
NSE:SASTASUNDR Levels are Mentioned in the chart... Look for Swing...
Note:
1. Views are personal. 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...
* Sasta Sundar stock now little bit expensive, wait for pullback (accumulation zone mention in chart ) then entered good risk reward point of view.
Kindly Let us know if you have any question .
After oblique TL BO, consolidated a lot and now ready to move forward with a new high. Volumes are rising in such punishing markets. Watch closely and take action. Good for positional as well as swing.
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...
