HEG - VCP Bullish pattern observedCMP 4240
Stop 4025
Long suggested above 4320
Target Open
Logic
Daily chart
Volatility Contraction Pattern along with volume contraction seen.
VCP
CNX SMALLCAP INDEX - VCP PATTERN OBSERVEDCNX SMALLCAP 7666
Volatility contraction pattern seen.
Looking for a move towards 7780.
A move above 7800 could be very positive as it would be crossing 200 day MA.
Time to go long on small cap scrips that pass the trend template and that exhibit patterns (VCP, Cup & Handle, W, Pole and flag, etc).
Long CMTL following base break!Following the base breakout of CMTL along with a huge decline in volatility prior to the break, long with a target of 10%. Will cover position prior to earnings.
BOMDYEING - VOLATILITY CONTRACTION PATTERNBOMDYEING
CMP 268
Long suggested above 275-277 levels.
STOP 250
TARGET OPEN
Logic:
Daily Chart
Volatility Contraction Pattern (VCP)
Weekly Chart
Cup with Cheat pattern
SFL - Price & Vol contraction observed#SFL
CMP 1686
Long suggested above 1715
Stop 1590
Target Open
Logic
Weekly chart
Stock witnessed a 31% correction from 52 wk high with relatively low volumes after which stock has recovered with huge volumes.
Stock also has broken out of a rectangular pattern with huge volumes post which has been consolidating with very tight contraction in price as well as volume, which is a very good sign of a possible breakout.
Hence long suggested at the high of the current contraction base which is 1715.
Fundamental parameters
D/E nil
ROE 25%
Sales and Profit growth has been reasonably in a general uptrend in the last 3-4 quarters.
Promoter holding 85%.
Low float stock with free float 1156 cr out of the total market cap of 8261 crores.
GRUH - VCP BULLISH PATTERNCMP 330
Long suggested only above 343.
Stop 300
Target Open.
Logic :
Volatility Contraction Pattern - 23/9 13W 2T
SEAMEC - BULLISH PATTERNSEAMEC
CMP 293
Long suggested only above 303
Stop 278
Logic :
#VCP
Contraction in price witnessed
-13% first swing
-10% second swing
-7% third swing
VBL - VCP breakoutVBL
CMP 817
Stop 776
Target Open
Daily Chart VCP breakout observed supported with good volumes.
VIMTALABS - Bullish pattern CMP 252
Long suggested at CMP (245 above)
Stop 229
Target - Open
Logic:
Technicals :
Stock has been steadily in uptrend as evident from MAs and RS / RSI
Stock has made a series of correction to the extent of 25% / 22% and 17%, leading to contraction in pull backs.
Stock has made a breakout post the pullback series with volume around 3x of pullback vols.(Note: volume masked in
#VCP 29W 25/17 3T pattern
Fundamentals :
Last 4 quarters EPS growth YoY : 113%,108%,110%,508%
Last 4 quarters Sales growth YoY: 15%, 22%, 32%, 40%
D/E : 0.3
(Note : Promoter holding is only 37% )
WENDT - VCP bullish pattern#WENDT
CMP 3167
Long Suggested at 3300
Stop 2850
Target Open
Logic
#VCP 32W 45/18 3T
Volume contraction observed on pull backs.
Fundamentals:
Uptrend in YoY quarterly EPS
Qn-4 Qn-3 Qn-2 Qn-1
Sales -4.2% 0.2% 7.3% 27.7%
OP -15.1% 10.8% 57.8% 105.3%
NP -21.1% 28.9% 88.5% 135.5%
OPM 15.71% 18.65% 21.84% 23.01%
NPM 7.18% 9.12% 12.13% 12.67%
Debt Equity 0
Promoter holdings 80%
Low float ; Shares in float 4lacs
Classic VCP patternenter above 635 with above average volume
stoploss 8-10% i.e..570-580
upside open...trail stoploss
PERMAGN - VCP Pattern in progress - Buy Watchlist#MK
#PERMAGN
#BSE listed stock
Permanent Magnets Limited
CMP 101
Buy ONLY above 115.
Stop 99
Target Open (Trail 10 weeks MA)
#VCP
33W 48/11 5T in progress.
Fundamentals
Positives:
YoY quarterly profit has shown a significant uptrend in the last 4 quarters.
Margins have also been steadily increasing.
Promoter holding 71.80%
Negatives:
Debt equity at 0.93
0.36% of shares pledged by promoters.
Qn-4 Qn-3 Qn-2 Qn-1
Sales 26.36% 30.92% 49.01% 18.20%
OP -9300.00% 19.80% 29.86% 1052.63%
NP -190.00% 36.11% 270.83% 444.44%
OPM 5.48% 5.35% 7.77% 14.95%
NPM 1.07% 2.17% 7.39% 10.04%
$CGC: Technically ready to run supported by good fundamentalsPositive Reversal on Daily.
Weekly is positive.
Volume is above 50day-avg
Valid 3T VCP -0.24% (Mark Minervini Concept).
$CGC is a licensed producer of medical marijuana 0.00% in Canada.
Drug Manufacturer - speciality 6.34% (HealthCare)
Type: Mid-Growth
#Entry at breakout of $36.00 with volume on daily frame.
Stop at $33.33 (or -8%)
NOCIL: Promising Price Action TodayThe stock has been in a nice little consolidation at prior resistance level. The price action today is very constructive. Bought initial quantity exposure today. A move to new life-time-highs will make me add to my position.
