u/West_Ad678

Sarda energy
CMP-592

Looks good to me for a quick swing with a decent RR

Not a buy/sell recommendation

Been looking at RICO Auto on the higher timeframe and this looks like a pretty clean VCP (Volatility Contraction Pattern) setup.

You can see multiple contractions getting tighter over time

First pullback was relatively dee

Second formed a higher low

Third is a very tight range right under resistance

Price is basically compressing just below the breakout level.

What also stands out is that volume has started to pick up recently, which could mean participation is increasing as it approaches resistance.

From here it feels pretty straightforward:

-Break and hold above resistance -- potential continuation
-Rejection -- back to range / failed setup

Would you count this as a textbook VCP?

(only for educational purpose)

Avadh Sugar
Cmp-468

Charts looks decent af
Not a buy/sell reco