Base on Base formation with VCPBase on Base formation
VCP on 1 hour timeframe as well.
Inisde day candle.
Volume dry up on supply.
Pivot buy at 239.5
Tight SL at 227
Publishing for my own referene. Not an investment advise.
Vcppattern
VCP structure.Stock is forming VCP structure.
Would like to see some closings near the pivot point to initiate long position.
Publishing for my own reference.
Not an investment advise.
ICIL - VCP structureStock has formed a VCP with supporting volumes.
Trading above the key EMA (trending) and drifting sideways on the final contraction.
Monitoring this stock as small cap index is indicating weakness.
Publishing for my own reference.
Not an investment advise.
VCP base in CENTURYPLYStock has formed a VCP base.
Drifting sideways near pivot and 21 EMA.
Inside day candles
No supply left as volme dries up on red days.
Pivot buy at 658.2
Publishing for my own reference.
Not an investment advise.
VCP setup in R SystemsStock has formed a VCP base.
Strong RS rating of 78
Low cheat pivot buy at 334.75.
Publishing for my own reference. Not an investment advise.
ASAHIINDIA - Cup & Handle baseStock is showing strength as compared to broader markets.
Volume spikes on accumulation and dry up on distribution days.
Drfiting sideways aroung the pivot.
Pivot buy at 586
Tight SL at 555
Publishing for my own reference. Not an investment advise.
VCP characteristicsStock has formed a VCP with strong RS.
Pivot buy triggered.
Didn't execute the trade due to weak broader markets.
Trading above key EMAs.
Volume dry up on distribution days.
Publishing for my own reference. Not an investment advise.
US Stock In Play: $TRGP$TRGP in midst of a setup (cup and handle) within its uptrend line supporting since jan'21. do note bigger cap oil & gas names (eg. $CNQ, $CVE, $DVN, $PXD) have earlier ran much ahead of their 52wks high in early January.
earnings on 24th feb pre-market
US Stock In Play: $BABA (Alibaba Group Holdings Ltd.)$BABA is caught in a 15-month downtrend channel but there could be short term upside opportunity ahead.
trading above Q2 earnings VWAP & 10/20MA. also attempted to re-capture its 50MA, with MA convergences taking place. price action behavior is very similar to oct'21 period.
VCP setupStock has formed a VCP.
Drifitng sideways around pivot and 21 EMA.
RS rating of 70.
Pivot buy at 1974.
Publishing for my own reference.
Not an investment advise.
Aptus - VCP formation (IPO base)The tape has formed an IPO base.
Volume dries up as price compresses.
Shakeout on bases.
Tape is drifting sideways around 21 & 55 EMA .
Pivot at 355
Publishing for my own reference.
Not an investment/trading advice.
ROLEX RINGS - VCP formation (IPO base)The tape has formed an IPO base.
Volume dries up as price compresses.
Tape is drifting sideways around 21 EMA.
Inside candles.
Pivot buy at 1194
SL below mother candle low @1130
Entering half qualtities at CMP 1170; rest half at buy-stop price of 1194 as having conviction that price will breakout from pivot, will exit if mother candle low is broken.
Publishing for my own reference.
Not an investment/trading advice.
US Stock In Play: $UCTT$UCTT supported on its ATH VWAP support with a cup and handle pattern. Friday's high volume ($50mil dollar vol vs $20mil avg dollar vol) strong close at +7.6%, exceeds its ATR of 4.74%.
fundamentally strong company. what I dislike is that it doesn't trend cleanly on its 50MA
GULPOLY - VCP actionStock near to pivot of VCP.
Price compression along with volume dry up.
20, 50 EMA supporting the final contraction.
Target is in multiple of risk.
1/2 can be booked 1:2, remaining quantities on break of 10 or 20 EMA depending on your sell rules.
Trade at your own risk. Only for educational purpose.
US Stock In Play: $GXO$GXO exhibited RS for the whole of this week. HVC out of its wedge pattern but still below ATH VWAP.
would be wise to take a position only above 50MA since it is just barely $2.50 away. it gives more affirmation to the momentum that it may be building up
TCI - VCP baseThe tape has formed a VCP base after a 100% run-up.
Volume dry up on red days indicating less supply and high volumes are indication of institutional accumulation.
Tape is drifting sideways around 21 EMA and has formed an inside candle
Pivot buy at 782
SL below mother candle low @789
Publishing for my own reference.
Not an investment/trading advice.
VCP setupMissed buy at pivot point.
Stock is in an uptrend and drifting sideways around pivot and key moving averages.
VCPBIRLACORP tightening up and has formed a VCP structure.
Stock is drifting sideways around 21 EMA & has formed Inside day candles.
Publishing for my own reference. Not an investment or trading advise.
LT - VCP patternTape has formed VCP pattern.
Volume dry-up on contractions.
Long @1910
SL at Inside candle low; the final contraction.
Publishing for my future reference.
Only for educational purpose.
Volatility Contraction PatternThe tape has formed a VCP base and is now drifting sideways around pivot and 21 & 55 EMA.
Flat opening and breaking of highs through the pivot will give a strong momentum on upside.
High volumes around the base is an indication of institutional accumulation.
Publishing for my own reference.
Not an investment/trading advice.
VCP baseStock is drifting sideways near pivot with very low volumes.
Volume is significantly less on red days absorbing available supply.
Volume spike on up days indicating accumulation from big guys.
A big move is expected.
Publishing for my own reference.
Not an investment or trading advise.
VCP patternStock has closed near pivot.
Inside day candles on third contraction.
Ready to explode.
Another day or two drifting sideways will add more conviction to initiate the trade.
Publishing for my own reference, not an investment/trading advise.
