VASCONEQ - Potential Breakout Long

VASCON ENGINEERS LNSE

Description

⋅ Jan 16, 2023 3:51 AM

VASCON ENGINEERS LTD breaking out of counter trendline with good volume.

The stock may face minor resistance near previous 52wk high of 36 and should retest the trendline.

CMP - 35
Target - 40/50
SL - 35

Study the stock & Trade responsibly.

Comment

⋅ Jan 16, 2023 4:36 AM

TYPO error SL - 32

Comment

⋅ Jun 3, 2023 11:33 AM

Target 1 Done

Comment

⋅ Aug 3, 2023 7:00 AM

May retest 42 levels before making any further upmoves

Trade closed: target reached

⋅ Aug 4, 2023 9:32 AM

Missed by 0.10 points only. High made 49.90 today

Long Term can hold, strong stock, can go alot more.

Comments

divyanshu_tv

⋅ Jun 4, 2023 2:36 PM

Hi, Didn't it hit stop loss in Feb?

NiftyBreakouts

⋅ Jun 4, 2023 4:41 PM

@divyanshu_tv, Check the description "The stock may face minor resistance near previous 52wk high of 36 and should retest the trendline" - It never retested, instead broke down of the trendline making the entry invalid then.

But now it broke out of the 52wk high with good volume.

AMIT-RAJAN

⋅ Jun 3, 2023 11:57 AM

Nice analysis!👍