Vascon Engineers cmp 55.70 by Weekly Chart viewVascon Engineers cmp 55.70 by Weekly Chart view
- Support Zone 49.50 to 53.50 Price Band
- Resistance Zone 49.50 to 53.50 Price Band
- Volumes are getting close to average traded quantity
- Common Technical Indicators BB, EMA, SAR, MACD, RSI indicating positive trend
- Multiple Bullish Technical Chart patterns have emerged on the Daily and Weekly Charts
- Rounding Bottom, Head & Shoulders, Cup & Handle, VCP, as one may observe and interpret
VASCONEQ
Rounding bottom pattern Breakout in VASCON ENGINEERSRBL Bank reached an ATH of 196.25 in Aug 2010 and corrected approximately 97% to reach 6.25 in the month of Mar'20. It then took support at lower trend line of the round bottom and rose 6.7x in 3 years i.e. till Nov'22. The price faced correction for next 4 months and has again started the upward journey rising 71% in last 3 months.
Stop Loss: 40 (daily closing price)