JYOTICNC - VCP Pattern (Volatility Contraction Pattern)

5 mai

JYOTICNC is showcasing a classic Volatility Contraction Pattern (VCP), a favourite setup of many positional traders. Here's the breakdown:

The stock has been forming equal highs around 1150 while gradually making higher lows, creating a tightening range – a typical VCP setup.
Price action is holding above 20–50-200 EMA, indicating short-term strength and momentum support.
Today it gave a decisive breakout from the upper resistance level with volume confirmation.

There is probability of an upside move, could be a solid swing trade candidate.

But wait for a retest of the breakout level (1150) with low volume pullback for potential entry.
Maintain tight risk management as earnings are around the corner.

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For learning and educational purposes only, not trading advice. Please consult your financial advisor before investing.

8 mai

Note

JYOTICNC perfectly tapped in the OB and gave entry, if someone took tap in entry at 1125 then from 1125 to 1217, a really good 8% move within 2 trading sessions.

Learn and earn!

19 mai

Note

JYOTICNC reached 1269 today, 12.80% move within 9 days, a really good move

9 juin

Trade fermée: cible de profit atteinte

Touched 1330 on 2june!

Learn and earn!