VCP
KPPROP Pull Back VCPNot sure if anyone observe the movement of this KPPROP.
Price breakout from huge base 286d (with huge volume come in) and then experience pull back that formed a short base VCP.
0.645 will be the critical support. Risk is not high and let's see how the movement later. (Btw, earlier post ECOWLD has gained 15%)
ADANIPORT -set for big rallyNSE:ADANIPORTS
showing positive momentum in DAILY as well as in WEEKLY TIMEFRAME.
it could be a good time to start investing in it.
But there must be a STOPLOSS.
invest at your own risk, this is only for educational purpose.
PANI - CUP WITH HANDLEI bought my position today
August 4, 2023
Reasons:
1. Low-risk entry point
2. Coming from a classic cup and handle
3. Bought initial position at the cheat area
4. High relative strength stock
5. It is in a confirmed stage 2 uptrend
Flaw:
1. My latest personal trades are not working well
2. Stock squat and lack volume on the breakout
I like to see a pivot reset and more constructive action in the upcoming trading days.
$WING - VCP PatternVCP: 10w 19/4 3c
+ higher lows (but not ascending triangle).
+ Proportional
+ tight consolidation above 21d ema
- below 50dsma
- downward trending RS line below MA
Trade Plan:
Entry: DTL Breakout, starting position.
Risk: ~3%, with stop below $191.88
Add on breakout of current consolidation over 197.81, which is above the 50dsma and can be financed by early DTL BO entry.
PECCA Weekly Chart VCPWilliam O'Neil got a lot of weekly chart example in his book: How to Make Money in Stocks.
PECCA chart is hidden in daily chart. Amazing setup seen in weekly chart. The base of the chart used 770 days to form with below contraction:
C1: -43%
C2: -15%
C3: -6%
C4: -5%
Attempt breakout last week and pull back this week (natural reaction), forming a pivot and this is consider a low risk entry point (<5%)
Let's monitor.
Disclaimer: Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any investor. Trade at your own risk.
Bearish set up in the dollar $DXYThe dollar has been basing below the 200-day MA.
If you don't see it, flip the chart and you will see a bullish valatility contraction pattern.
For me this should resolve to the downside to continue its downtrend.
This would be good news for stocks.
BDKR - PRIMARY BASEI bought my positions today
May 25, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. It has VCP characteristics
6. I got an 80% win rate on a primary base setup
Flaw:
1. The market is still in a correction
2. Lack of setup in the market
I had a pilot position on May 23, 2023. Today, I added it into a full position.
Weekend Review of the NIFTYNowadays we have been hearing that the next decade belongs to India. Many, including Morgan Stanly expect Indian Markets to do very well in the next five years with a strong Bull market. Maybe the only apprehension is that this is a Election Year which can hold back the Market.
Technically, the weekly charts is showing that the NIFTY is clearly gearing up for a big move with a nice VCP pattern. So, there is a high probability that we will see start of a new big up move soon. It is possible that we may see one more smaller contraction before the big up move.
On the Daily Chart, though we saw some weakness today, the overall bullishness still remains. We saw selling dominating after many days. The index is still holding above the moving averages. Of course, the index has been under performing the wider market which was being pushed by the mid and small caps. We may see the index retreat some more next week. But the strength remains as of now.
RAYMOND LTD - Gearing up to scale New HeightsThe stock has been a multi bagger giving almost 5x returns in the last two years. Recently the up move had been halted with a “BC” Bar. Then the stock after retreating started to move up attempting to take out the “BC” bar. It failed and is now attempting again. We see a clear a Volatility Contraction Pattern. The stock is still in a supply area. Once we have a good close above 1786 the stock is likely to scale new highs.
ADFFOODS - Long: R/R = 3I prefer stocks that are breaking out after a long base formation.
The strength of the upmove that follows unleashes a tremendous locked in power.
I will be keeping this in watch mode and will probably enter if things look ok.
Since I like pullback trades rather than breakout trades, will wait for more pullback and VCP formation.
$NGL - Good Lookin' Chartski- Very tight right side
- MA confluence
- High RS
- High ADR
- Oil and Gas
$CABA Righty Tighty- Massive move 2,000%+
- Obeyed 20 MA for entire move
- Sitting back on 20 MA
- High ADR
- Tight right side
- Biotech
VTNY (VCP - 13W 25/6 3T)I bought my positions today
March 28, 2023
The reasons:
1. Low-risk pivot point
2. A quintessential VCP setup
3. The stock has very tight and crisp buy point
4. Volume dries up as indication of less supply coming to the market
5. The stock closes good after the breakout today
6. High relative strength
I bought it perfectly today, and the stock immediately explode. I've moved my stop to breakeven now.
CRAB (VCP - 26W 25/5 4T)I bought my positions today
March 28, 2023
The reasons:
1. Low-risk pivot point
2. This is the first buyable base after an IPO
3. Long base VCP setup
4. Volume dries up as indication of less supply coming to the market
5. 1 - 2 punch with huge volume on the breakout
6. The weekly-base looks even more attrative
The flaws:
1. The stock still has to absorb a lot of overhead supply on the left side
2. It squats today after the breakout
CUAN - PRIMARY BASEI bought my positions today
March 30, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. Explosive run, up +300% after the IPO
4. The correction/pause has VCP characteristics
5. Volume dries up, indicating supply stopped coming to the market
Flaws:
1. Stock closed squat
2. Lack of volume on the breakout
So far, it acting normal. I like to see some constructive action in the upcoming days.
MFLOUR VCP (Follow Up)MFLOUR I first share on 13th Jan seeing this stock entering stage 2 with huge volume since end 2022. Then i shared on 30th Jan on observing short base VCP setup. (link on previous 2 articles in below)
The VCP base continue to develop and recently pull back deep to form a C2.
It might form another C3 before take off. (Based on VCP experience so far)
Keep an eye on this. Might be the next gem after PANTECH, PPHB, SLVEST.
VIS POWERPLAY SETUPVIS setting up POWERPLAY pattern.
Stock price gain >100% in 2 months. Price under correction for almost a month.
Price and volume action still rigid. Low risk entry point. Risk is <6.5%.
Will it be another Gem of the year? Let's see. Another stock in radar is MFLOUR.
Disclaimer:
Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any investor. Trade at your own risk.
