VakrangeeVakarangee Poised to break abv 72 once the weekly close abv 72 may confirm a good breakout
Disclaimer:- I am not SEBI registered analyst kindly consult your Fianacial Before taking any Trading Decisions
VAKRANGEE trade ideas
VAKRANGEE - 1W TF - Trendline ObservationsTrendline Observation(s). Trendline Breakout on Weekly Chart of VAKRANGEE. Next Resistance 71-74. Buy above 71.1/75 -> 113. Volume Activity has increased quite extensively. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Vakrangee Ltd. Vakrangee Ltd. can touch 100 in short term. It can even touch 300 in 1 year if fundamentals keep improving.
Likely to break current Resistance Target – 90
Immediate/Major Resistance – 68
Short Term Support – 52/41
Long Term Support – 21
Chart Trend - Positive
Chart Pattern -
Recommendation - Hold
POSITIONAL SHORT TO MEDIUM TERM TRADE ON VAKRANGEE !!Briefing about my multi-confirmation setup on VAKRANGEE :
1.Wedge pattern breakout : It has broken out of downward pointing wedge pattern and did a last kiss on the upper trend line.
2.Volume spurt : breakout is supported by good volume ,again a sign of building interest in stock.
3.Golden Crossover : 50 DMA crossing over 200 DMA from below , a good bullish signal.
4.RSI : taking support on previous resistance turned support and indicating up move.
5.Fibo 0.5 level : Fibo 50% is crossed and stock trying to sustain it.
Personal view : Bullish
Timeframe used : Daily
Target : T1=55-56 , T2= 70-81
Disclaimer: These are just my personal observations and not trading or investment tips , please do your own research or consult an investment advisor before doing any investment or trading
VAKRANGEE LONGI hope you can now see how Vakrangee represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Vakrangee Technical Analysis .Hello friends , Today i have the technical chart Of Vakrangee . Friends as you can see here that it is making Head and Shoulder chart pattern which means it can go down but if you see closely that it can also break and can go up . Because it is also in a symmetrical triangle type chart pattern so it can give you a breakout and can go up or it can go up from here Because as it can go up from Neck line . Its Neck line you can take is at 25.90 rs and its target i have shown in the picture is at 17.60 rs but don't be panic because if you have taken position of short selling because what is the rule of Head and Shoulder that if it give you a break out and you have sold it then you have to sell but it can come to trend line one time and if it comes to the trend line and go up than it over this trend line which i have made than you can close your position but remember that i am not telling you to buy or sell from here i have just given you idea so you can take position whatever you have taken your decision but from my opinion it can be range bound on my lower trend line but remember if it breaks the rangebound for anywhere up or down you have to see if the volume should be up from the other volume where it has given break out . Thank You . If you like this Idea and this Analysis just please like this idea and leave a comment i will surely try to improve it or if you have any doubt related to this you can write in the comment. Bye Bye .
VAKRANGEE has formed a Double Bottom and a Bullish BreakoutVAKRANGEE has formed a Double Bottom pattern after being in a Range. There is
a Bullish Breakout from this Pattern with Decent Volumes. MACD is showing a Positive Bullish
Signal and EMAs 5,13 and 26 are showing Positive Crossover showing a Bullish Revival Signal.
Entry : Rs. 39
Target : Rs. 53
Stop Loss : 36
BearishGone below the support line. Any assessment can only be made once it closes above 49.75-51.25 in intermediate term
VAKRANGEE- Inverted Head and Shoulder Inverted Head and Shoulder is apparent on the daily chart.
Breakout has already happened on the charts.
Stocks has been opening gap up from past 6-7 trading days, and has reached near previous Falling gap , which could serve as possible resistance (43.30 - 50.20).
Stocks looks good on higher time frame (Monthly ) as well, however reversal is still not evident on higher time frame, hence strict stop loss is a must.
Caution : Risky trade
Vakrangee | D |dragonfly doji |100% volume profile is showing us heavy buying at lower levels.
( contact me to know more about volume profile in trading view )
see dragonfly doji candle.
is it showing the trend reversal? ( please share your idea in the comments box )
Vakrangee - think before buyingif you see, every hike has been followed by a steeper decline. please think before buying, there has been no information about management change in Vakrangee.
VAKRANGEE, LONG TERM INVESTMENTVakrangee is a very good share for long term investment perspective. As it can be seen in graph that the Primary trend of the share is uptrend and EMA 20 days has been moving above EMA 50 days for a very long time.
