VCP base in the making, almost ripe. Ready for entry and a 20 odd percent up-move.
L&T Technology Services has been making a Volatility Contraction Pattern over the last 15 odd months. The base is ripe and has broken out strongly with a huge volume candle, and a gap up. The price is sustaining above the breakout level and the set up is a highly favourable one, with regards to VaR. Long LTTS over the medium term for targets of previous highs,...
We can see an upmove in Bank Nifty, to the tune of 36500, in the coming days. The index has closed above the downward sloping trendline for the first time yesterday.
support daily since rally began, downtrend might give BO
in for a showdown in the next couple of days.