NANDAN DENIM LTDLong
Nandan Denims - Looking Strong in Long Term
Trendline and VCP Pattern:
- The chart shows an upward trendline indicating a long-term bullish trend.
- There's a visible "VCP" (Volatility Contraction Pattern) forming. This pattern typically suggests a consolidation phase where price volatility decreases before a potential breakout.
Support and Resistance
- The price is currently around ₹45.35.
- Key support level is around the trendline, roughly at ₹25.
- Key resistance levels are around ₹60 and ₹80.
### Volume
- The volume is highlighted, showing an increase during significant price movements, which typically confirms the strength of the trend.
- Recent volume bars indicate moderate trading activity.
### Summary
- **Bullish Indicators**: Upward trendline, potential VCP breakout, and increasing volume during uptrends.
- **Bearish Indicators**: RSI nearing overbought levels, potential failure to break key resistance.
- The chart shows an upward trendline indicating a long-term bullish trend.
- There's a visible "VCP" (Volatility Contraction Pattern) forming. This pattern typically suggests a consolidation phase where price volatility decreases before a potential breakout.
Support and Resistance
- The price is currently around ₹45.35.
- Key support level is around the trendline, roughly at ₹25.
- Key resistance levels are around ₹60 and ₹80.
### Volume
- The volume is highlighted, showing an increase during significant price movements, which typically confirms the strength of the trend.
- Recent volume bars indicate moderate trading activity.
### Summary
- **Bullish Indicators**: Upward trendline, potential VCP breakout, and increasing volume during uptrends.
- **Bearish Indicators**: RSI nearing overbought levels, potential failure to break key resistance.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.