6 Tweets 4 reads Apr 23, 2023
#Watchlist for tomorrow:
⦿ SHAREINDIA (carried over from last list)
⦿ POKARNA
⦿ SOBHA (carried over from last list)
⦿ MPHASIS
⦿ ESCORTS
⦿ ISEC
⦿ AMRUTANJAN
(Note to self: Market due for a cool-off, so proceed with caution.)
POKARNA - After a 2T VCP leading to high-volume breakout, now taking a breather on low volumes before another possible upmove. Bit extended on weekly though.
MPHASIS - Forming a double bottom in its stage-2 base, with the second leg of the W undercutting the first leg.
ESCORTS - forming a potential continuation inverse head & shoulder pattern after the high-volume upthrust last month.
ISEC - undergoing very tight compression after a failed VCP in its stage-1a base. Trading very close to pivot, can turn into a good RR trade. Relative strength not being good is a negative here.
AMRUTANJAN - undergoing volatility contraction in its stage-3 base. Relative strength not being good is a negative here.

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