VINATI ORGANICS --POSITIONAL VINATI ORGANICS --POSITIONAL -- DAILY CHART --SETUP
1. VINATI ORGANICS seen daily chart at trading upper channel
2. stock seen following Support at supportive trendline consecutively,
3. Resistnece breakout seen above 2100 LEVEL on daily chart
4. trix line seen at oversold level double bottom support and bullish crossover seen at this line , short to mid term bullish indicator
5. trendline breakout seen at same level
6. this quarter result look very good growth on revenue and profit margin too,
7. one can initiate buy above resistance breakout line 2100 for positional target 2150-2200-2300 ( 1-2 month ) stop loss bellow trendline support 1850
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own Risk !
HAPPY TRADING .!1
Vinati
Vinati breakoutChart -> Vinati Organics Weekly
After a good upmove, Vinati was consolidating in sideway trend with volume drying up. Now it has given a breakout with volume spike!
CMP: 2203
Good range: 2100 to 2200
Target: 2450 and more
Stoploss: 2030
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.
Vinati Organics : Breakout with good volumeVinati Organics looking good as it has given a BO from a range with good vol
However, at current level,
Buying is not recommended
As R:R is not fav. Buy either in dip arnd 1180 or above 1240
initial SL would be 1145 or 1175 respectively
Target line are marked on chart
Disclaimr : This idea is for only educational purpose, please consult your financial advisor for any position.