Accumulation of Vakrange(Nifty small cap)

Oct 7, 2023

Vakrangee accumulating for past 7 months.

Almost 130 bars of accumulation

Volume is slowly building up.

50 EMA very close to 100 EMA in day chart.Safe to take entry at crossover

Touched the trendline and gave a slight rise with a not so bad volume.

May come to 16 range if trendline brocken downwards.
Short term target : 25
Long term : 45
SL : 14

Better to add in steps.(At EMA crossover)

Oct 9, 2023

Note

Hadn't entered the trade yet.
If it close below 16.5 with comparatively better volume, will wait for next support 14.7
Any how better wait.

Oct 16, 2023

Trade active

zone breached