csanjib
Long

Retracement towards top of rectangle

NSE:VADILALIND   VADILAL INDUSTRIES
59 3 1
#VADILAL broke out from long rectangular consolidation with huge volumes, retraced back to top of rectangle at 766 and started rising again. A good time to enter?
Trade active: Up by 7% today. Likely to target 1000 in near term. Hold for bigger gains.
there is also a potential bullish gartley here. Would turn out to be a great setup overall.
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Looks legit. We could wait for MACD crossover, RSI to rise above 30 and bullish candle stick pattern to form for a more confident trade.
Where is your target and SL, buddy?
P.S: Good spot.
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csanjib HarshShivlani
@HarshShivlani, Thanks. I am basically a trend follower, so would put the SL at slightly lower than top of rectangle, which is 766. That means around 740. The width of the rectangle is my primary target, which translates into 1000.
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