Volatility Contraction Pattern (VCP) in ROLEXRINGS

VCP pattern in Daily time frame is developing in ROLEXRINGS

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

Key points from analysis:
Lower high LH is formed

RSI monthly and Weekly above 60 - indicating strong momentum .

Share holding pattern - Public- 7.34% only , FII 6.99% and DII 30.43%

VCP development: The stock is exhibiting volatility contraction, typically seen before a potential breakout. More than one VCP may require before the actual breakout.

Cautionary note: VCPs can fail, so this is not a recommendation to buy or sell, but rather a signal to watch the stock for future trading opportunities.

It's essential to monitor the stock in the coming days to see if the price action fits your entry criteria and aligns with your strategy.

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