Try to accumulate in pullback near support
try to accumulate in pullback near support
PRICE HAS FORMED ROUNDING BOTTOM FORMATION..BREAKOUT HAPPENED..BUT LACK OF MOMENTUM IS NOTICABLE..STILL IF IT SUSTAINS THEN PRICE WILL TRAVEL TOWARDS NEXT LEVELS..FOR LEARNING...
As the price action of Vishaka industries gave a multi year breakout, we are bullish on the stock in short term. Wait until it touches the resistance again.
Buy above 802 with the stop loss of 797. Targets are 807, 812 and 818. Sell below 796 with the stop loss of 801. Targets are 791, 786 and 781.
In DDZ with 20 ema
VIMTALABS CMP 326 STOCK MADE GOOD “U” SHAPE WITH GOOD VOLUME SPIKE NOW TRADING AT RESISTANCE LEVELS 343 ONCE IT’S SUSTAIN ABOVE 343 CANT TEST 400-530-640 SUPPORT AT 285
Targets can act as support or resistance, trade what you see... trail profits at every target or sl at cost.
PRICE IS HEADING TOWARDS ITS ALL TIME RESISTANCE LEVEL..IF IT BREAKS AND SUSTAINS..THEN ANOTHER STORY OF PRICE WILL BEGIN..SUPPORTED VOLUME IS THERE AS STRENTGH..FOE LEARNING..GOOD TO OBSERVE..
Bullish if the price sustains 15980 - 16020 for the targets 16060, 16100, 16140, 16180 and 16220. Bearish below 15920 for the targets 15860, 15800, 15760, 15720 and 15660.
IF IT SUSTAINES AND USES THE BROKEN LEVEL AS SUPPORT..THEN WE CAN EXPECT GOOD UPWARD JOURNEY..FOR A LEARNER GOOD STUFF TO OBSERVE....
AFTER A LONG FALL PRICE HAS FORMED A GOOD BASE ...TRYING TO BREAK THAT LEVEL..BUT LACK OF MOMENTUM OBSERVABLE..IF STOCK BREAKS WITH GOOD MOMENTUM AND SUSTAINS THEN WE WILL SEE AN UPMOVE..