manmohansolanki

Multi Year Breakout / Strong RSI

Long
NSE:VGUARD   V-GUARD INDUSTRIES
The stock has made a bullish breakout from a technical pattern of a Head and Shoulder on a weekly chart. Breakout is supported by its volumes where there has been an increase in volume near the breakout level. Thus, one can consider a buying opportunity in this stock

Price consolidated for a 3 years
Price was facing major resistance at 250
Price has taken out its long term resistance of 250 with a strong candle and with a high volume .
Now the previous resistance will become major support

SL 233
Target 380

Comments

I am a big fan of yours .on ur recommendation I purchased jaybarmaru @308 still riding for the target. Thanks a ton
+1 Reply
manmohansolanki ashuleena16
@ashuleena16, Thank You Ashuleena 😇 Always manage your risk and keep learning.
Reply
I AM VERY BIG FAN OF YOU
+1 Reply
manmohansolanki ssrajkumar1037
@ssrajkumar1037, Thank You 😇
Reply
Very nice analysis sir
+1 Reply
manmohansolanki ssrajkumar1037
@ssrajkumar1037, Glad you like it
Reply
What if it goes below 250??
Reply
@Mac7778, 250 will act as support if close below 250 cut your positions 50%
Reply
Should we buy now or wait for retest?
Reply
manmohansolanki singhanupamlko
@singhanupamlko, can start accumulating but better buy near support 250 for better risk-reward.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter