minion_traders

minion_traders

1. Technical Setup Cup and Handle Pattern: The stock has formed a well-defined cup and handle pattern. This is a bullish continuation pattern and typically indicates that the stock is gearing up for a breakout to the upside. The resistance level to watch is around ₹154–₹155. VCP Pattern (Volatility Contraction Pattern) : Simultaneously, the stock is...

minion_traders

1. VCP Analysis: - Multiple Contractions : The stock is forming a VCP pattern where volatility has decreased with each successive pullback. You can see that each decline in price gets progressively smaller, which indicates that sellers are getting exhausted, and buyers are stepping in earlier at each pullback. - Tightening Price Action : The pattern...

minion_traders

This chart presents a Volatility Contraction Pattern (VCP) , signaling a potential bullish breakout. The integration of moving averages and volume dynamics adds further strength to this analysis, indicating that the stock could soon break out above its resistance. Below is a detailed breakdown, including a volume study. --- 1. VCP (Volatility Contraction...

minion_traders

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...

minion_traders

1. Trend and Moving Averages: - Short-Term Trend: The 9-day SMA is currently above the 21-day SMA, indicating a strong short-term uptrend. This alignment shows that the stock has been gaining momentum in the recent past. - Price Position : The stock price is trading above both the 9-day and 21-day SMAs, which confirms the ongoing bullish momentum. These...

minion_traders

1. Trend and Moving Averages: - The stock is in an uptrend with a series of higher highs and higher lows. - The chart shows two moving averages, 9 and 21-period. The stock is trading above both moving averages, which confirms the uptrend. 2. Support and Resistance : - The chart shows a **support line** drawn slightly below the current...