VASWANI INDUSTIRES LIMITED is forming inverse head and shoulder pattern on daily and weekly timeframe suggesting a bullish pattern.
The Neckline is around levels 60-65 and once the stock passes these levels, the up move crossing 52w high of 66.84 and ATH levels of 73.88.
A lot of investors and traders are sitting on side-line waiting for the stock to surpass these levels.
Metal Sector currently emerging as the strongest to breakout and claim ATH shows sector strength and hence our view is bullish in this space.
The Neckline is around levels 60-65 and once the stock passes these levels, the up move crossing 52w high of 66.84 and ATH levels of 73.88.
A lot of investors and traders are sitting on side-line waiting for the stock to surpass these levels.
Metal Sector currently emerging as the strongest to breakout and claim ATH shows sector strength and hence our view is bullish in this space.
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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.