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...
Good levels to accumulate Vinati Organics. Vinati is a dominant chemical company in its field and has braced this fall well. Hence, one can look to accumulate this stock at these levels.
Chart -> 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...
Wait for the RSI to make a down move and a Stoch RSI cross-over. Sell for existing levels marked in the chart.
Low volume in green candle means buyers are not interested! So sellers will kick in soon.
Vinati 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...
VINATI ORGANICS BUY ABOVE 1121
SL 1065
TARGETS: 1140, 1152, 1165, 1184
IF Sustain above 1191 then 1215 possible
Posting for Educational purpose only
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