GLOBALVECT - SWING TRADE - 23rd November #stocksGLOBALVECT (1D TF)
Swing Trade Analysis given on 23rd November, 2023 (Thursday)
Pattern: ASCENDING TRIANGLE BREAKOUT
- Volume Spike Near Neckline - Done ✓
- Pullback Candle - Done ✓
- Retracement + Consolidation - In Progress
#stocks #swingtrade #priceaction
−1.51INR
−166.269MINR
4.111BINR
3.265M
About GLOBAL VECTRA HELICORP LTD.
Sector
Industry
Headquarters
Mumbai
Website
Employees (FY)
389
Founded
1998
ISIN
INE792H01019
Global Vectra Helicorp Ltd. engages in providing helicopter services. Its activities include flight operations, engineering, safety, quality control, and commercial systems. It offers oil and gas aviation services, helicopter pilgrimages, general flying, and maintenance, repair, and overhaul services. The company was founded on April 13, 1998 and is headquartered in Mumbai, India.
Trendline BreakoutThe stock has been a consolidation phase for over 2 years. There has been a attempt of breakout before also. Stock opened up with a gap up and is now covering the gap. After covering the gap, and sustaining above the support zone can be a good position for a short term target of 81.40.
And a long
GLOBAL VECTRA HELI BASE BREAKOUTNSE:GLOBALVECT was in a strong downtrend and has been forming a base for more than 2 years.
It gave breakout from the base, ready to start an uptrend.
Volume expansion looks bullish and stock has taken support on 30 EMA (weekly TF). Look to enter at CMP or after some consolidation. Momentum looks
GLOBAL VECTRA LOOKING BULLISH (SWING)LOOKOUT FOR WEDGE BREAKOUT
LOOKING VERY BULLISH FOR SWING TRADING.
AS IT IS A AVIATION COMPANY IT IS ALSO A GOOD CANDIDATE FOR UNLOCK OF THE COVID RESTRICTIONS.
BUY EITHER AFTER WEDGE BREAKOUT OR AFTER THE STOCK TAKING SUPPORT FOR THE IMPORTANT SUPPORT ZONES AS MARKED ON THE CHART.
DISCLAIMER
THIS
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