Shriram Transport - VCP in place
NSE:SRTRANSFIN
Volatility contraction pattern :
- Progressively weakening sellers in a strong trending stock
- first time, sellers managed to bring price down almost 20% from swing high to swing low
- then it became 12% and 8%
- range of bearish momentum candles that drove down prices has reduced
- volumes have been higher in the last 2 bearish candles, and price will most likely consolidate further in an even narrower range till the selling has been absorbed
- need a strong breakout above 1530 for confirmation
Volatility contraction pattern :
- Progressively weakening sellers in a strong trending stock
- first time, sellers managed to bring price down almost 20% from swing high to swing low
- then it became 12% and 8%
- range of bearish momentum candles that drove down prices has reduced
- volumes have been higher in the last 2 bearish candles, and price will most likely consolidate further in an even narrower range till the selling has been absorbed
- need a strong breakout above 1530 for confirmation
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.