Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Features on chart :-
1. Channel pattern breakout coming.
2. Flag and pole pattern.
3. Volume contraction.
4. Price contraction.
A trade above 2000(after breakout) will give a high probability trade with risk reward of more than 1:5.
Follow for more such ideas.
"
TECHNICAL ANALYSIS OF NSE:VINATIORGA
The LAST CLOSE PRICE of NSE: VINATIORGA is 1979.35. The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 1979.35. From here, the Key Support and Resistance levels are SUPPORT 1 at...
This stock has been giving massive returns since its day of listing and gave a good breakout on 2nd July.
CMP= 2026.60
targets, entry price and SL are given on the chart!
after achieving the first 1st target, trail your SL
Vinati Organics has once again given a breakout of a downward channel. This is a behavior this stock has done in the past as well. The fundamentals of the stock is very strong and so can be a good one to hold positionally.
Volume bhas dropped substantially after breakout from the triangular pattern. Volume on breakout was exceptional and at the same time it took our two previous swing highs. Price is near 20 DEMA and range is small. RSI and RS are strong. Buy with sl below 1300 on daily closing basis for target of 1700+ levels.
Disc : it's not an investment advice to buy or sell
This week we will cover Vinati Organics as it had a very clear breakout on weekly levels. The chart is self explanatory and the company is definitely an investment grade company. Stop loss will be the downward sloping resistance line that the stock has broken which is currently around Rs.1360
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 is in the resistance zone. Once breaks above the resistance trendline will give up move for 5%. I am trailing vinati since a very long time.
Let's see how the analaysis goes.
Thank you
VINATI ORGANICS BUY ABOVE 1121
SL 1065
TARGETS: 1140, 1152, 1165, 1184
IF Sustain above 1191 then 1215 possible
Posting for Educational purpose only
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
