Motilal OFS is making Volatility Contraction Pattern. The key elements of the VCP pattern include a prolonged consolidation phase, where the price moves within a relatively narrow range, followed by a breakout or breakdown.
We can use this pattern to identify potential entry points for trades, anticipating that a period of low volatility is likely to be followed by a surge in price movement.
Support 620
Target as per Pattern is 1030
We can use this pattern to identify potential entry points for trades, anticipating that a period of low volatility is likely to be followed by a surge in price movement.
Support 620
Target as per Pattern is 1030
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