Sun Pharma - 5 Point VCP setup to conquer 1070+
已更新
Here are the key things to see in this setup - and why its picture perfect
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
- 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
交易开始
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!
注释
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交易结束：到达目标
Take profits if playing for this month expiry - in cash can continue to hold交易开始
Keep holding in cash if u have this on
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