Learningfreak

Breakout triangle

Short
NSE:VETO   VETO SWITCHGEARS A
The chart was converging and it has just broken out of the triangle with huge volume .
It may reach targets of 189 with 45% from the current level i.e. 131.4.
Has a resistance at 131.8 and you will get sufficient time to put the buy call.
RSI: 56.53, 10d moving average is overtaking the 21d moving average.
This is my personal analysis purely on the basis of charts and indicators.

Comments

you are saying to short it with a target of 189?
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