Visaka Industries : Weekly chart analysis
1. Trend : downward / sideways trend since July 2021
2. Pattern : bullish Maribozu crossing the channel pattern and the monthly supply /demand level
3. Volume breakout : highest volume in 1.5 years
4. Comments : stock to retrace to support levels and then move forward to create higher highs and higher lows
5. Entry / exit : 93.90 (previous low), entry 2 - 92, SL - 88.25, target 1 : 110, target 2 : 123
6. RRR : 5.38, expected time period : 28 % in 77 days
2. Pattern : bullish Maribozu crossing the channel pattern and the monthly supply /demand level
3. Volume breakout : highest volume in 1.5 years
4. Comments : stock to retrace to support levels and then move forward to create higher highs and higher lows
5. Entry / exit : 93.90 (previous low), entry 2 - 92, SL - 88.25, target 1 : 110, target 2 : 123
6. RRR : 5.38, expected time period : 28 % in 77 days
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