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Vikram Thermo (India) Ltd: A Momentum setup

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VIKRAM THERMO (INDIA) LTD (BSE:VIKRAMTH)

BSE:VIKRAMTH VIKRAM THERMO (INDIA) LTD

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doubletoporbottom beyondta doublebottom volumespike

Vikram Thermo (India) Ltd: A Momentum Trade. Can enter at INR 109.20 if breaches with volumes. SL at INR 104. High volumes are observed weekly basis. Watchlised for now.

Comment: Earlier setup is void

Comment: It has hit SL as per the suggested levels. I haven't taken the trade though

Trade active: Considering today's momentum. Can take an entry with the same levels mentioned earlier

Trade closed: target reached: Target Achieved: from entry point INR 109 to High of INR 135.05 (UC today) a 23.85% break out today

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This Idea posted strictly for educational purposes only. any investment advise should be taken post proper due diligence and consultation of a certified financial advisor.