Accumulation of Vakrange(Nifty small cap) for NSE:VAKRANGEE by mfasilkv

supportandresistance trendline wedgepattern

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)

Comment:

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.

Trade active:

zone breached

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