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 .
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 .
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