Chart of the Week 29/10/21. Vimta Labs

Oct 29, 2021

This week I chose Vimta Lab as my chart of the week. On 21/7/21 I chose this stock as chart of the week when it broke its all time high on daily charts, however, the stock took resistance and consolidated almost for 3 months. This week again the stock has given breakout above its all time high @346 and able to close above it with high volumes. If we see long term chart ie 3 years, the stock has made a Inverted Head and shoulder pattern.On lesser time frame, stock has given a breakout of a parallel channel. As per Fibonacci, targets are very aggressive. Therefore, i think this is worth of a investment.

Targets - 525, 815 weekly.
SL - 312 W.
View - Medium to Long term

Nov 8, 2021

Note

390

Dec 12, 2021

Note

414