Vardhman Textiles could go MilesWith the Bangladesh textile crisis, India will be a big beneficiary.
The price action has come out of a double bottom and is in the upward trajectory.
Expecting this counter to do well going forward.
Vardhamantextile
VARDHAMAN TEXTILES - SWING TRADE - 11th January #stocksVARDHAMAN TEXTILES (1D TF) - Swing Trade Analysis given on 11th Jan, 2024
Pattern: FALLING WEDGE BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #vtl
Vardhaman Textiles Analysis Stock is facing resistance at 380 levels multiple times, once crossed may head to next levels, follow chart for proper support and resistance levels.
VTL sharp movement expected in short termVTL -> 1 Hour chart
Upper line was acting as resistance and lower line was acting as support, and now it seems to have given a breakout. Since it is hourly chart, short term good movement can be expected.
Target can be 2730.
Weak below support line.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
VTL is ready for new highs !!!!Vardhman Textiles is taking support on its previous upper band, which shows strength in the falling market.
VTL is ready for new highs.
VTL VTL trading in channel pattern and breakout possible now. Already there is breakout in Relative strength.
VTL under Symmetrical Triangle patternCHART -> VTL DAILY SETUP
As seen per charts, a beautiful symmetrical triangle under formation on daily chart of Vardhman Textile. Once it closes above the upper trendline on daily basis, we should see a 300 Rs gain from the symmetrical triangle trendline broke out point.
Today's volume seems decent, MACD in daily time frame just about to have a bullish crossover.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Stock to watch for next weekVardhaman Textiles takes support from 44 SMA which is a bullish reversal, stock may complete the handle (of CnH pattern) and then breakout
