Valiant Organics by KRS ChartsDate: 10th Sept 2024
Time: 10:09 AM
Once Posted in past But This with Better Entry and Breakout
What I Observed in VALIANTORG❓❓
1. As per Wave Theory Correction Count of 1 to 5 is over for downside. Now as per this Upside movement can expected but when? 🤔Let me show you 👇
2. Double Bottom is visible from Strong Support as we can see in Chart.
3. Resistance Breakout Today which was lacking 1st time I have posted this, and volume is also decent which good enough for swing entry
After all, Targets are in VALIANTORG will be ~650 Rs for short to medium term and 868 Rs for Long Term investment
Let's Grab this, this time!!
VALIANTORG
VALIANT ORGANICSValiant organics the stock is trying to break out of its dynamic resistance downtrendline which had kept the stock in bearish territory since OCT2021 , if it manages to breakout and sustain above it, a new bull run is awaited in the stock , 2 days to go for monthly candle closing and need the candle to close above 540 levels , buy on retest of supports towards targets of 670/810 levels in short to medium term , can go big in longer term , view is invalid if monthly candle closes below 540 levels , keep strict SL at 450 levels
YR 2022 Idea #131: Long on VALIANTORGThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
YR 2022 Idea #86: Long on VALIANTORGThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Valiant Organics - Target 1850 Gain - 27 percentageWhy to enter at this Price ?
1. Support of 200 EMA ( which till now acted as resistance will now act as support)
2. Support of Green horizontal line ( long term support)
3. Support of black ascending line ( Short time support)
4. RSI around 60 %
5. Fib retracement - 0.786
6. Huge green volume candles and small red candles represents accumulation
7. Price making higher lows.
Buy at CMP
Stop Loss - 1400
Target - 1850
Valiant Organics
This chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary.
Not a recommendation.