NSE: Vaibhav Global -Is it a Buy for Second Breakout to 921?
NSE: Vaibhav Global -Is it a Buy for Second Breakout to 921?
Since the last breakout from level of 621 on Oct 30, 2017
Stock is consolidating in the range of 796 to 639.
During correction fell from 779 to 579 level.
Bounced back from 579 to 767 and trading between 735 to 701
Charts showing triangle formation
Technically with long at current level, stop loss @ 678 and first target looks break out 755.
If it breaks above 755, next important resistance is at 779.
After close above 779, mid term targets 826, 854, 900 may be possible.
Chart suggests 678 is a strong support. Below 678 it might touch 579.
Use Stop loss and Trail stop loss
Since the last breakout from level of 621 on Oct 30, 2017
Stock is consolidating in the range of 796 to 639.
During correction fell from 779 to 579 level.
Bounced back from 579 to 767 and trading between 735 to 701
Charts showing triangle formation
Technically with long at current level, stop loss @ 678 and first target looks break out 755.
If it breaks above 755, next important resistance is at 779.
After close above 779, mid term targets 826, 854, 900 may be possible.
Chart suggests 678 is a strong support. Below 678 it might touch 579.
Use Stop loss and Trail stop loss
Trade active:
Reached to Support level and closed above support.
Trade closed: stop reached