After falling 30-35% from the last swing high VALIANT ORGANICS is showing some accumulation with hidden volumes.
NOTE: I'm not a SEBI REG. Study before investing.
stock is falling from 2000 level fom ipo rate now i am observing a two dip with good divergence on weekly time frame and on last dip we can see a bullish engulfing pattern confirmation
we can see target of 950, 1100 if stock is forming to form uptrend and stock sl is 400
Valiant 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...
Valiant Orgaincs is trading at 430 a very correction from the high of 1970.
PE 16
ROCE 18.4%
Promoter holding reduced in 2021 and now at 38.4%
Good 2022 sales numbers almost 65% up.
May be a good bottoming out candidate only for risk takers.
This 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. ...
This 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. ...
Why 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...
Hello Traders!
This stock has gained tremendous volumes and has clearly broken out.
This can still be bought for target of 1925
CMP, Entry: 1600
Target: 1925
SL: 1384
Happy Trading!
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.
Falling Wedge Breakout.
The orange line in this chart seems to be a very significant line providing early directions of rallies.
Instead of me explaining, a few minutes of observation could give you a better understanding.
#valiantorganic
Very strong on charts with fresh breakout.
Volumes are good.
One can go long here.
MY POSITION:
WENT LONG AT 1580
TGT:1682
SL: 1485 ON DAILY CLOSING BASIS.
###ALWAYS DO SELF ANALYSIS AND CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING A TRADE###
