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
VCP
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
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.
