Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
MANYVAR qualifies for long entry now.
Volume is greater than previous session by 70.69%.
Volatility:
ATR% of the stock is 2.56%
Moving Average Observations:
Price above 50-day, 100-day and 200-day Moving average.
RSI Observations:
The Daily RSI indicator has crossed above 70 in the current session. Current Daily RSI reading is 70.99.
ADX Observations:
The...
The price hit both horizontal resistance and falling trendline resistance in a clean 5-wave move.
Is it start of (3) rd wave - we will see.
In the short term, any dip through the anticipated path could present a good RR entry (near 1140-1160), as it will also complete right shoulder of the Inv H&S.
Looks like IPL fever is here to stay for the scrip.
Lets see...
Stock Name - Vedant Fashions Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1345
#This is not Buy and Sell recommendation to any one. This is for education...
NSE:MANYAVAR
Vedant Fashions is engaged in manufacturing, trading, and sale of readymade ethnic wear for men, women and kids primarily in India.
PE Ratio: 182.32
PB Ratio: 22.20
Sector PE: 1,245.48
Sector PB: 6.10
Sector Div Yld: 0.51%
Some Positives:
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Low Debt
Strong cash...
