ANURAS :: LONG Buildup (VCP Pattern or Ascending Traingle) ----------------------------------------------------------------------------- -- Last two days good demand wicks are forming with ultra high volume today.. -- Buy near 850-860 with initial S/L - 760 -- Use Super-Trend indicator to trail your S/L
All the signs of VCP pattern seen :: -- Stock was in a prior uptrend -- Stock is currently in consolidation (or) non-trending phase -- Volatility (price waves) is contracting -- Supply is getting absorbed from weak hands slow & steadily with series of HLs -- Stock may take off once the previous Supply zone (830 - 850) is taken out..
/** Caution : Smallcap stock... Prefer allocating <5% of your capital. And consult your financial advisor to know more about the risks associated with buying / selling shares. **/