Vascon Engineers Ltd - On a Rally mood
Updated
Vascon Engineers Ltd is an engineering company engaged in real estate. Hospitality, manufacturing with an operating revenue of more than 700 crores . Stock is now in a rally mode with its 52 week high. Stock is now testing it's 3 year long resistance trend line. If it breaks then a 100% move can be expected in 3--6 months time. It's also can be considered as a long term bet. Momentum is also very strong now. Company declared an interim dividend recently. Roce & ROE also improving comparing to previous years.
Trade active
Have support @ 52-56 levels. Will bounce back from the support line.Trade active
Good going
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.