rkvsenthil

ANURAS :: LONG Buildup

Long
NSE:ANURAS   ANUPAM RASAYAN INDIA LTD
ANURAS :: LONG Buildup ( VCP Pattern or Ascending Traingle)
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-- Last two days good demand wicks are forming with ultra high volume today..
-- Buy near 850-860 with initial S/L - 760
-- Use Super-Trend indicator to trail your S/L

All the signs of VCP pattern seen ::
-- Stock was in a prior uptrend
-- Stock is currently in consolidation (or) non-trending phase
-- Volatility (price waves) is contracting
-- Supply is getting absorbed from weak hands slow & steadily with series of HLs
-- Stock may take off once the previous Supply zone (830 - 850) is taken out..


/**
Caution : Smallcap stock... Prefer allocating <5% of your capital. And consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
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