TradingView
TheTradingEra1
Jan 27, 2024 4:55 PM

Vakrangee - Its at very good demand zone. Long

VAKRANGEE LTDNSE

Description

Its at demand zone, everytime it reach demand zone it bounce back to supply zone at 66. Invest very less, highly risky stock highly rewarding stock.

Comment

1 day - Vakrangee is up by 7%

Comment

Today itself it is up by 13%. It is 1 of 8 stocks that we shared in Jan Month
Comments
TheTradingEra1
Indeed. lets wait and see.
Kapil-Mittal
If the stock manages to achieve a strong breakout from this zone, there is a potential opportunity for it to reach a price of 66.
DineshTradZ
The RSI indicator is in the overbought zone right ? do we have to consider this, What should be our inference on this. Please explain
TheTradingEra1
@DineshTradZ at a retest it will saturate and rsi will become normal and again it will rally up. Lets see how it goes.
RSI overbought doesn't always mean that it will go down but sometime it also mean to take rest. see example of railtel, atgl. I bought ATGL on nov when it was overbought yet gave me 110% return and it was still on overbought zone.
DineshTradZ
thanks for sharing.. really helpful @TheTradingEra1
More