NeeteshJain

Viceroy - Consolidation Phase

Long
BSE:VICEROY   VICEROY HOTELS LTD
It is been observed on the monthly chart that the price action is consolidation between 30-15 levels, and now the price action is trending up and reaching to previous resistance of the consolidation at around 30 levels. It shall further provide a big move once it breaks and close above 30 levels.

Target: 30
Stoploss: 23

Comments

hi neetesh
great work...started following you now. is it possible for you to read Cupid ltd. for me once..i have observed its been in wide range of 285 to 315...is it forming ascending triangle and breakout can be expected ?
thanks
harshit
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HarshitSolanki HarshitSolanki
sorry it seems to be a symmetrical triangle though...
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NeeteshJain HarshitSolanki
@Harshitsolanki Cupid is trending up on daily chart,
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HarshitSolanki NeeteshJain
thanks a lot neetesh, I book huge profit in force motors yesterday, will share a very interesting observation with you soon.
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