Epack | Good positional opportunity | VCP pattern

Epack Durable which is consolidation for last 7 to 8 months, seems like it's forming a rounding bottom like pattern, at CMP it seem like it is trying to break high of the consolidation base with VCP pattern which can be good entry entry level for our initial entries.

Key levels and concerns:

Entry: At CMP(400) is look like good area to be in this stock. If you want little more confirmation you can wait for base high breakout at 422 level. For entry you can choose any method vcp, smc or simple breakout.

Stop loss: If you make entries near CMP, then obvious stop loss area would be 372, if price close below this level then our bias will change then wait for another confirmations.

Concern: VCP pattern works better if volume are dead but in this case volumes are average.



Note: Please consult your financial advisor before making any financial decision, this study total based on technical, please go through stocks fundaments before buying.