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.
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.
If you like my analysis, please follow me as a token of appreciation :)
in.tradingview.com/u/SatpalS/
For learning and educational purposes only, not trading advice. Please consult your financial advisor before investing.
註釋
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!
註釋
JYOTICNC reached 1269 today, 12.80% move within 9 days, a really good move交易結束：目標達成
Touched 1330 on 2june!Learn and earn!
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