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...
VAKRANGEE looking good on weely basis chart. If it is closed the current level on this weekend, it may reach to 70, which previously act as a resistance. If any one interested on this trade then sl should be 29, and target minimun 3 times of risk.
VAKRANGEE positional pick cause of recent resistance level breakout after stock bottom out and made double bottom formation ..look bullish now
resistance breakout candle seen above resistance breakout line.
for chart anlysis i use only line for draw suppost, resistance, trendline and other bullish aspects to shown . i never use any other indicator like RSI,...
please note this chart for vakrangee ltd is only for educational purpose.
technical analysis as on 10/12/2021 close as below
williams %r -28.704
ultimate oscillator 49.214
bull/bear power(13) 2.4960
Trendline breakout in Vakrangee with huge volume.
This is 4th attempt to break the trendline and mostly 4th attempt is the strongest as per my experience.
RSI is above 60 indicates good momentum
Targets are mentioned in the chart.
Management is going really good work to improve the business of Vakrangee . . . Great future growth fundamentally.
share name : Vakrangee ltd
call type : Positional (1-2 years)
- high of 70 is acting as a huge resistance
- Range formation can be seen
- Consolidation phase around 1200 days/03yrs
- Share can change the trend from here if high
of 70 can be taken out in upcoming years
if price comes around 25,
we can initate a buying at price - 25 rs with sl of sl...
I hope you can now see how Vakrangee represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be...