RVNL - VCP pattern

The Volatility Contraction Pattern (VCP) is a technical chart pattern often used in share trading to identify stocks that are preparing for a breakout.

Volatility Contraction pattern development in RVNL . first level is 19.9 %
Second level is17.25

Stock is now following the Trend lines pattern as shown .
Not necessary it will follow the same pattern.

Observations :
1. Multiple Contractions vcp-1@ 19.9 % , VCP-2 @ 17.25 %

2. Volume dry up-

3. But there is no Higher Low formation - indicating the requirement for more time to reach
actual Breakout. We can expect additional 2 or 3 Volatility contractions before actual break out .

This is not a buy sell recommendation - only for study purpose .