buy for swing tradeprice can give a good bounce back from here
#supply #demand #priceaction #price #support #resistance #position trade
VAKRANGEE trade ideas
Bullish Divergence in Vakrangee Daily ChartThis Stock has been in a down trend for more than six months, now it has shown a RSI bullish divegence. To prove it right, price should sustain itself above 43.50 with good volume. if it successfully sustains above it can go sideways or show some reversal in trend.
Vakrangee Ltd - Buy Stock is at previous resistance flipped support level
Expecting a good swing move above the mentioned level.
This just for educational purpose
Consult with your financial advisor first before investing
VAKRANGEECURRRENTLY UP TREND GO FOR CHENNEL RESSISTANCE
RESISTANACE BREAKOUT GO UP BIG MOV
RESISTANCE REVERSAL COMING SUPPORT
3 year long channel - above 50% mid section with volumefollowing in 3 year long channel tried breaching level in march when covid case were increasing
now again a above average volume that can be comparable volume needed at breakout is accumulating at important level
script is close to breakout level from mid line
VAKRANGEE is trying to cross its 200 day SMAVAKRANGEE could see a good pull back if it is able to sustain above the 200 SMA .. Stability around 47-48 for a day will help it take the next leap. Keep an eye for accumulation at these levels.
VAKRANGEE : where the fall will arrest and rebound ?cmp 40.55
this stock is on continuous falling streak .
and bullish harmonics is positioned at ( 36 to 31 PRZ )
accumulate in this zone for...
targets : 44/48/54
60/66/70++++
keeping stop loss at 26 on weekly closing basis.
VAKRANGEE SWING TRADE RETURN UPTO 30% IF IT BOUNCES BACK VAKRANGEE SWING TRADE RETURN UPTO 30% IF IT BOUNCES BACK FROM THE RESISTANCE LEVEL.
RSI TOUCHCED BELOW 30.
TRADING ABOVE 200 EMA
VakrangeeDaily Chart Pattern
Positive Volume Buildup
Near to Crucial Supply Zone
PROS
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 48.65%
CONS
The company has delivered a poor sales growth of -24.43% over past five years.
Company has a low return on equity of 10.24% for last 3 years.
Earnings include an other income of Rs.71.36 Cr.
Company has high debtors of 729.15 days.
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
Vakrangee CMP 53.4 - Positional Analysis Sl below 48 Buy forVakrangee CMP 53.4 - Positional Analysis
Sl below 48
Buy for Target 58- 61 - 64- 69.5- 80- 90-100-125-150-200+
Hold till SL or Targets
VakrangeeMonthly Support Retest Setup Prepare waiting for close above 50 in march month If we enter here strictly stop loss should be 48 on Weekly closes basis
Vakrangee Daily Chart Bullish Gartley Buy range 22-30 in small quantity
Stop 16..........
target 50
view 5 months (only for risky investor)
vakrangee as per harmonic pattern -51.85 -53considering fibo and harmonic . please guide and help me improve my learning.for educational purpose only
