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Shriram Transport - VCP in place

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NSE:SRTRANSFIN   None
NSE:SRTRANSFIN

Volatility contraction pattern :

- Progressively weakening sellers in a strong trending stock

- first time, sellers managed to bring price down almost 20% from swing high to swing low
- then it became 12% and 8%

- range of bearish momentum candles that drove down prices has reduced

- volumes have been higher in the last 2 bearish candles, and price will most likely consolidate further in an even narrower range till the selling has been absorbed

- need a strong breakout above 1530 for confirmation

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