Breakout in Vidhi Specialty Food Ingredients...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
VIDHIING
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalVIDHI SPECIALITY
Stock Continuously trading in Uptrend Channel
Showing bullish trend
Buy above last day high ie 465 levels for
positional targets of 500 / 550 / 580 levels
Keep SL of 390 on closing basis
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Vidhi specialty high volume breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
after a consolidation since January 2022, NSE:VIDHIING has given a high volume breakout. Buy with us stop just below Rs.418.
#VIDHIING looks to be a eligible counter for breakout above 230#VIDHI SPECIALITY #VIDHIING looks to be a eligible counter for breakout above 230
The weekly charts are showing higher low formations and the daily charts are showing smaller moves
The volume support has been steady/increasing in the recent past
The counter has making highers highs for while now and nearing its recent BO point
Note : This article is for education and research purpose only , Please consult your financial advisor before taking any investment decisions
#Vidhi SpecialityDisclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
Swing Trade Idea #240 : Long on VIDHIING 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. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.