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VCP

BRIS (VCP - 22W 29/5 3T)I bought my positions today August 21, 2024 Reasons: 1. Low-risk entry point. 2. Confirmed stage 2 uptrend. 3. Has gone through its majority line of supply. 4. Moving on its own drummer, the stock went up +100% in the last three months while the index correcting -3%. 5. High relative strength. 6. Volume dries up as less supply coming to the market. 7. A decent volume on the breakout. Flaws: The general market is still at risk of going into a minor correction. This is a textbook VCP with clear contractions and entry point. The stock closes weak and squat below the buy point which still normal. I like to see if it can holds up and follow through.
IDX:BRISLong
by rifqonr
NUVAMA: Classic Bookish VCP setup- Look for a buy Price Action : - The stock appears to be in an overall uptrend, as evidenced by the higher highs and higher lows visible on the chart. The price has been moving upward with periodic consolidations, which is typical in trending markets. - Currently, the price is consolidating just below a resistance level around the 6,700-6,750 range. This is a critical level to watch as it has been tested multiple times, but the stock has not been able to break through it yet. Moving Averages: - The stock is using both the 9-day and 21-day Simple Moving Averages (SMAs) as support during its uptrend. The 9-day SMA is above the 21-day SMA, indicating that the short-term trend is still bullish. - The price is currently close to these moving averages, suggesting that the stock might be gearing up for its next move, whether it be a breakout above resistance or a pullback. Volume: - Volume analysis shows a significant spike in one of the red bars, indicating strong selling pressure at that point. However, after that spike, the volume seems to have decreased, which is often a sign of consolidation. - The stock is likely building up pressure, and an increase in volume during the next move (especially a breakout above resistance) would be a strong signal of the market's direction. Key Levels: - Support : The immediate support level is around the 6,150-6,200 range, where the price has found some stability recently. - Resistance : The key resistance level to watch is around 6,700-6,750. A break above this level with strong volume could indicate a continuation of the uptrend. Potential Scenarios : 1. Bullish Scenario : If the stock breaks above the 6,750 resistance with increased volume, it could trigger a new leg up in the ongoing uptrend. This could attract more buyers, potentially pushing the price higher. 2. Bearish Scenario : If the stock fails to break through the resistance and falls below the support level of 6,420-6,300, it could indicate a deeper correction or even a trend reversal. In that case, the next support levels would become crucial. Its classic bookish vcp setup, we can plan low chit entry.
NSE:NUVAMALong
by minion_traders
PGAS (VCP - 12W 15/3 3T)I bought my positions today August 19, 2024 Reasons: 1. Low-risk entry point. 2. Confirmed stage 2 uptrend. 3. Has gone through its majority line of supply. 4. Moving on its own drummer, the stock went up +50% in the last three months while the index correcting -3%. 5. High relative strength. 6. Volume dries up as less supply coming to the market. 7. A huge volume on the breakout. Flawed: The general market is vulnerable to go into a correction This is a quintessential VCP, a very proper looking setup. I like to see some follow through action from now.
IDX:PGASLong
by rifqonr
PDPP (VCP - 6W 14/4 3T)I bought my positions today July 11, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through its majority line of supply 4. Moving on its own drummer, the stock went up +88% while the index gone sideways on ytd. 5. High relative strength 6. Volume dries up as less supply coming to the market 7. A huge volume on the breakout Flaws: 1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 23% of total stocks above the 200-day moving average 2. Very few stocks setting up at this time I like to see some follow through action from now.
IDX:PDPPLong
by rifqonr
SOLUSD Tight Risk Buy PointWorking up the right side of a quality base, digesting the 1,100% run from September 2023 thru March 2024. High volume flush in April that was quickly bought up, shakeout in early-May, reclaim of important VWAPs, volume declining as it works its way up the right side. Now with the current volatility contraction, it setups up a potential early buy point within the base over 175 on a thrust in volume. The most aggressive stop placement would be just under the 163.50 low from 5/30. I will personally give it room to fluctuate until a decisive break below my cost basis around 150-ish.
COINBASE:SOLUSDLong
by apaqu
2
ACES (VCP - 21W 25/4 4T)I have my positions March 19, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through a majority line of supply 4. A breakaway move, first breakout of a confirmed stage 2 uptrend 5. High relative strength 6. Volume dries up as less supply coming to the market Flaws: 1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 25% of total stocks above the 200-day moving average 2. The index is moving higher but there are still less stocks setting up in this market The stock breaks near the closing day and squats. I like to see if the stock can tighten up for one last contraction, resetting its pivot, before I consider adding more to my position.
IDX:ACESLong
by rifqonr
VCP in LODHA - 25% up move expected after breakoutMACROTECH DEVELOPERS (LODHA) - is nearing its 52 week high with a dry up in volume on a daily time frame with a consolidation from the past 100 days. The company has seen an influx of institutional investing in the last quarter. Good for swing traders to be kept on watchlist. Look for volume gain above the 30w moving average on weekly time frame. Can expect an upward momentum of a min of 25%. Entry - INR 1245 SL - 8% TSL - According to your risk profile. Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
NSE:LODHALong
by Rokdevildivine