Sun Pharma - 5 Point VCP setup to conquer 1070+

Diupdate
Here are the key things to see in this setup - and why its picture perfect
  • 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 aktif
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!
Catatan
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
Trading ditutup: target tercapai
Take profits if playing for this month expiry - in cash can continue to hold
Trade aktif
Keep holding in cash if u have this on
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