With improving sales and profit in result, Vakrangee seems to acquire its past glory again.
Management is continuously taking right steps to improve sales, quality services and user base.
Seems it is forming a head and shoulder pattern.
Volume is increasing
RSI with positive momentum.
Disclaimer: I am not sebi registered. This chart is for educational purpose....
The stock of National Fertilizers Limited (NFL) has exhibited a 'double bull trap' as shown in the 75min chart. The first time bulls were trapped on 12 May at morning highs in the range of 72.5-73.5. The trap was laid further the second time with another gap up crack on 20 May with 72.5 high.
Imagine the plight of the folks who bought at these zones. They will be...
Study - A falling wedge pattern is observed in 1 hr TF. It must give a break out (close abv) to have the momentum shift upwards.
OC looks bullish; PCR is bullish; PCR vol is bullish.
ABC correction seems to be completed. RSI is bullish. MACD crossover happened in 1 hr TF.
At present NOTA. Need to wait till BO happens.
*This chart is for educational purpose only.
