Sun Pharma - 5 Point VCP setup to conquer 1070+
Atualizado
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
Trade ativo
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!
Nota
Alright - if you bought in early you are probably happy. Calls were cheap as well. Stay in this as this is probably an earnings runTrade fechado: objetivo atingido
Take profits if playing for this month expiry - in cash can continue to holdTrade ativo
Keep holding in cash if u have this on
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