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.
Vardhman_textiles
VTL - Ichimoku Bullish Breakout Stock Name - Vardhman Textiles Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 357.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Vardhman Textiles Positional LongRounding bottom breakout on daily timeframe
Target 1- 453
Target 2 - 560
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.
VARDHMAN TEXTILES - Ascending triangle patternbreakout above 2170, Vardhman textile showing strong momentum even during a falling market
Relative strength is rising with momentum
RSI IS Bullish
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.
VARDHMAN TEXTILES - Pennant Breakout with Huge Volume1. Pennant Breakout with Huge Volume
2. Expected 30% return
3. Buy while retesting
4. Stop lose at 1980 on 4 hr Candle close
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON VARDHMAN TEXTILES.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
