VETO
VETO : Breakout Candidate#veto #swingtrading #patterntrading #roundingbottom #breakout
VETO : Veto Switch: weekly (1-3 months)
>> Breakout candidate
>> Rounding bottom
>> Good Strength & Volume buildup
>> low Risk High Reward trade
Swing Traders can lock profit at 10% and keep trailing
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Veto - Ichimoku Breakout📈 Stock Name - Veto Switchgears And Cables Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 148.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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VETO - heading towards 200-270NSE:VETO
cmp 134.60
heading towards 200-270
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Symmetrical Continuation Triangle has formedVeto Switchgears & Cables Ltd - Daily chart analysis - Symmetrical Continuation Triangle has formed, which means:-
A Symmetrical Continuation Triangle (Bullish) is a bullish chart pattern that appears during an uptrend and indicates a potential continuation of the upward movement. It is formed by two converging trendlines, where the lower trendline is ascending and the upper trendline is descending. The pattern is called "symmetrical" because the trendlines meet at a common point, creating a triangular shape.
The formation of a Symmetrical Continuation Triangle (Bullish) suggests a period of consolidation and indecision in the market. As prices fluctuate, they create lower highs and higher lows, indicating a tightening range. This tightening range reflects a balance between buyers and sellers, with neither side exerting significant dominance.
The pattern is confirmed when the price breaks out of the triangle formation by closing above the upper descending trendline. The breakout should ideally be accompanied by a noticeable increase in trading volume, indicating a surge in buying pressure and a stronger consensus among market participants.
Traders often interpret the Symmetrical Continuation Triangle (Bullish) pattern as a bullish signal, suggesting that the prior uptrend is likely to continue. It represents a temporary pause in the market's upward momentum, with prices consolidating before resuming their upward movement.
It's important to note that while this pattern provides a bullish indication, it should be analyzed alongside other technical indicators and factors to make informed trading decisions. Confirmation through volume analysis, trend analysis, and consideration of support and resistance levels is recommended to increase the reliability of the pattern.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Weekend pick -> Veto SwitchChart -> Veto Switch Weekly
122 was a big resistance, as stock tried 3 times before latest breakout. Volumes bar is also on a higher side.
CMP: 128
Targets: 172
Good range: Around 115
SL: 103 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
VETO - Ichimoku Bullish Breakout Stock Name - Veto Switchgears And Cables 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 129
#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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# Ichimoku Cloud
# Ichimoku Followers
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#VETO ready to blast#Veto
after good solid correction, it has tested its support,
in last 2 trading holding firmly at the support level
today it has given a solid Upmove of 20% with good deliverable Qty.
stock was almost corrected 50 % from its previous long swing high 172
now it is rising..
keep eyes on
keep on radar