Price action first broke weekly rising wedge channel Then consolidated on daily TF forming a Darvas Box Price Action has now broken out of Box and could potentially make an upside of 20-30%
VCP 2T pattern observed on weekly chart of Natcopharma Volume decreased during contractions/consolidations which is a telltale sign of VCP Strong breakout with expansion in volume could push the stock for a 40-50% upmove
Broken the previous high of 394 Excellent management Great fundamentals with good guidelines Sector tailwinds
On weekly chart, a cup and handle formation is made Contractions getting tighter with dec in volume Breakout with expanding volumes
On a weekly chart - Rising Wedge channel formed - Previous breakout gave 61% returns - Breakout in the current weak - Strong tailwinds
Breaking out of Rising wedge channel on monthly chart On weekly chart breaks horizontal resistance Upmove of 30% likely
Tightness in price from absolute highs to lows & tight closes with little change in price from one day to the next & also from one week to the next are very constructive Any breakout from the upper horizontal line could push the stock upward
Strong chart Explained price action in detailed steps How early resistance start acting as support after breakout for strong stocks Profit Booking is expected but till what levels
Price action seems to have broken the resistance on monthly chart Also a Cup & Handle pattern formed with a bear rejection candle for the current month Good volume support Improving fundamentals, sector tailwind (steel industry)
Golden Crossover on daily chart On weekly chart breaking out of a symmetrical pattern
Great setup with good fundamentals, clean breakout on a weekly chart
Breakout with volume on weekly timeframe Strong Quaterly results
- Strong breakout possible post levels of 640 which could take the stock into uncharted territory - Strong fundamentals with PE of 30 - Unique competitive advantage of being into business of Green Packaging - Monthly chart also shows rising wedge pattern
Weekly Time frame indicates descending traingle pattern Although Nifty IT is on a reversal track, its hard to predict If it break upwards, it might rally else short
Exactly at horizontal resistance & might revert down to lower channel of rising wedge Any breakout might push the index to higher levels towards the upper channel of rising wedge pattern
Long base formation Breakout after 3 years Poised for a next rally
Contraction Pattern Supply diminishing & demand increasing Volume rise
Weekly Chart - Higher tops, higher lows - Rising Wedge with a strong breakout