A great opportunity to buy Vasco Engineers. NSE:VASCONEQ The stock is imitating the RSI movement approximately. As RSI is above 70, the holders are expected to sell the shares now. Bolligner Bands also support the assumption. ATR of 0.96, so should move quickly. Tip: Short VASCONEQ at 14. Buy again after dip at 8 for Target Price of 14 and Stop Loss of 6.
VASCON is forming mega inverse head and shoulders pattern on weekly chart, one can buy for target of 60, 80 and 100. Use all dips to buy in bulk. Targets are meant long term should hold 1-2 years.
watchout for monthly closing above 47.55 it's rising with volume