Same Trading setup as that of TRIVENI ENGINEERING which worked like a charm. I have attached the post below. Same setup is found in this stock and it has the potential to reach 4100 in very short time.
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Happy Trading :)
Seems Like Retracement is going to over now and the uptrend will continue.
On daily chart pattern it just closed above 50DMA and 78.60 level of FIB Retracement.
One can buy from CMP with SL of 3400 and Target of 3585, 3620, 3680, 3730, 3770.....
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...
Just posting the same post which I had posted on 20th July to celebrate, the way this stock moved and giving good profit to trader/ positional trader or who ever is holding it.
Below is the link of that post.
VMART already gave long term cup and handle pattern breakout. Now it is under retracement.
1) Today it came to test 1st support level 3238. And closed just above it.
2) In coming days if it goes down to test 2nd support level 3130 then let it be. Do not enter in any buying position.
3) And further if it goes down to test ultimate last support...
After making a weekly closing high at 3172.25 during the week ended 27th August 2018, VMART entered a 3 year long sideways/down period where the stock had its upside capped at 2900 on a weekly basis.
As the chart clearly shows, the stock has undergone a 3 year long rounded consolidation phase between 1600-2900 (ignoring the noise). VMART has managed to break out...