Vakrangee Technical Analysis .

Sep 21, 2020

Hello friends , Today i have the technical chart Of Vakrangee . Friends as you can see here that it is making Head and Shoulder chart pattern which means it can go down but if you see closely that it can also break and can go up . Because it is also in a symmetrical triangle type chart pattern so it can give you a breakout and can go up or it can go up from here Because as it can go up from Neck line . Its Neck line you can take is at 25.90 rs and its target i have shown in the picture is at 17.60 rs but don't be panic because if you have taken position of short selling because what is the rule of Head and Shoulder that if it give you a break out and you have sold it then you have to sell but it can come to trend line one time and if it comes to the trend line and go up than it over this trend line which i have made than you can close your position but remember that i am not telling you to buy or sell from here i have just given you idea so you can take position whatever you have taken your decision but from my opinion it can be range bound on my lower trend line but remember if it breaks the rangebound for anywhere up or down you have to see if the volume should be up from the other volume where it has given break out . Thank You . If you like this Idea and this Analysis just please like this idea and leave a comment i will surely try to improve it or if you have any doubt related to this you can write in the comment. Bye Bye .