Sun Pharma - 5 Point VCP setup to conquer 1070+

Here are the key things to see in this setup - and why its picture perfect

• Volatility compression before launch from 1000 - classic Minervini style VCP
  
• Higher volumes on the push off from 1000
  
• Momentum on daily turning positive
  
• Earning coming up- obviously people in the know are in
  
• Relentless buying above 1020 - absolutely no pull backs
  

Go long with caution as this has taken off. But a gorgeous setups like this are rare indeed - even if you dont buy, keep track of it.
Dont chase - buy pullbacks to the 21 ema only

עסקה פעילה:

Sunpharma moving in the right direction. There was a shakeout at 1050 - back to 1030. But strong traders shud have stayed with it.

Successful trading is all about confidence in an environment where you know that anything can happen!

הערה:

Alright - if you bought in early you are probably happy. Calls were cheap as well. Stay in this as this is probably an earnings run

עסקה סגורה: היעד הושג:

Take profits if playing for this month expiry - in cash can continue to hold

עסקה פעילה:

Keep holding in cash if u have this on