On 5th July 2024, RVNL saw a price surge of approximately 17%, accompanied by a large trading volume. Following that, the stock jumped another 28% within just four days. The screenshot in the update section clearly illustrates the activity over those three days (bulk buy/sell data). A similar pattern occurred on 8th October 2024, with a 15% price increase, this...
On 15th October 2024, the stock saw a strong breakout, accompanied by a significant price rise and high trading volume. The key question now is whether this trend will sustain. Positive factors: On 11/10/ 2024, the 200 EMA has shifted to a supportive level, with all shorter EMAs (10, 20, 50, and 100) positioned above it. The company's Q2 results were...
WPIL market cap- 4140 CR Promoter -holding -70.79 % FII - 5.81 % DII- 2.62 % Public - 20.78% operating profit found reduced from March 24 to June 24 , but the same pattern repeated for last two financial years - may be it is nature of their business ROE -46.2% , ROCE -20.4%. Business : Industrial water supply projects , pumps and pumping systems Order...
Vilas Transcore limited market cap- 997 CR Promoter -holding -73.17 % FII - 4.99 % DII- 5.47 % Public - 16.37% operating profit showing steady growth ROE -15.1% , ROCE -20.8%. Business : Electrical lamination products - mainly Power transformer CRGO core . coils etc The Indian power sector is experiencing significant growth, and companies involved in...
The stock is moving in a healthy uptrend, forming consistent higher highs. A potential buy/support zone has been identified, based on the 50% retracement levels of the recent weekly and monthly candles with strong volume. Lets analyze the stock in coming days Cautionary note: Support / resistance levels may vary based on market conditions .so this is not a...
Cochin shipyard completed more than 40% correction. I am trying to identify probable support zone based on EMA values . So it will be a dynamic support - it may vary with time and price . Left screen : Daily chart - price is near to 200EMA - assuming price to take support from EMA 200. ( price 1590) Right screen : Weekly chart - nearby support is 50 EMA...
VCP pattern in Daily time frame is developing in ROLEXRINGS 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: Lower high LH is formed RSI monthly and Weekly above 60 - indicating strong momentum . Share holding pattern - Public-...
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...
Kitex Garments Monthly support line shown as on 24/09/2024- Weekly support - line drawn is 50% of weekly candle RSI (7) value Monthly , weekly , 3 days - all are above RSI value 65 and daily RSI below 60 Lets see whether support levels will be respected or not in coming days Disclaimer :This is not a buy sell recommendation - only for study purpose .
Balu forge - weekly chart stock take support at 70 % of weekly candle Volume profile showing more BUY than SALE . Lets see what will be the Q-2 results disclaimer :This is not a buy sell recommendation - only for study purpose .
This is educational article to show how VCP , Volatility Contraction pattern development and its breakout . The Volatility Contraction Pattern (VCP) is a technical chart pattern often used in share trading to identify stocks that are preparing for a breakout. Here i used the stock WAAREE renewable Technologies as an example- This is not a buy sell...
MFSL reached the same price level of Aug 2021 ( WEEKLY chart ) So is this stock ready for a breakout within next 1 week ? Lets analyze the stock in VCP perspective The Volatility Contraction Pattern (VCP) is a technical chart pattern often used in share trading to identify stocks that are preparing for a breakout. MFSL developed an upward...
The Volatility Contraction Pattern (VCP) is a technical chart pattern often used in share trading to identify stocks that are preparing for a breakout. Volatility Contraction pattern development in RVNL . first level is 19.9 % Second level is17.25 Stock is now following the Trend lines pattern as shown . Not necessary it will follow the same pattern. ...
The Volatility Contraction Pattern (VCP) is a technical chart pattern often used in share trading to identify stocks that are preparing for a breakout. Observations : 1. Multiple Contractions vcp-1@ 22% , VCP-2 @ 8% and VCP-3 @4 % - shows price tightening 2. Volume dry up- 3.Higher low formation - This is not a buy sell recommendation - only for study...
Volatility Contraction pattern development in RVNL . first level was 19.9 % Second level is14.79 We can expect 2 or 3 contractions before break out . In weekly chart , sharp reduction in selling volume . this is absolutely not a BUYor Sell Recommendation- for learning purpose only
Volatility Compression pattern development - 2 stages completed . We can expect another 1-3 compression patterns before real break out
CAMS- Volatility compression pattern - VCP 17 % , 10 % and 6 % completed . RSI month , week , 3Day and daily all are above 60 . Expecting a breakout soon
Continuing in up trend - mostly will follow the top trend line . or else the second trend line to support .