Reason for long
a) Triangle breakout
b) Mr.14 set up
c) Open=Low set up
d) super vwap set up
e) Consolidation breakout
f) Weekly breakout
g) SL compulsory
I used Trend Break and Fibonacci retracement tools to discover VGUARD stock's recent uptrend break and then reversed to previous levels to find probable support levels.
Analysis:
Starting Point: Mentioned on the chart
Ending Point: Mentioned on the chart
Disclaimer: This is for educational purposes only. Conduct your own research and consider your risk...
VGUARD is at multi year resistance and there will be long chance and there is a weekly trendline to be broken along with the resistance and a upward channel, if a daily candle closes above the channel and resistance zone and trendline then we can take positional trade and stoploss should be below swing low or below recent demand zone .
- Educational purpose only...
FOR LEARNING PURPOSE
VGUARD- I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation
2. The breakout candle is good with great volume
3. It is showing better relative strength
4. The risk and reward is favourable
5. Recent results have been good.
I am going to buy this on Monday with minimum target of 35-40%...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Vguard trying to reach the trendline.
Sector is consolidating see orient electric, crompton, havells, ttk prestige etc.
So there is a chance it may fizzle out or may give a fake break out.
Enter at 294-293 for a target of 325 with SL 283.
If it breaks out then take some profit and for remaining keep trailing SL.
Trying for a continued bullish movement, gave a breakout of inverted h&s
Trying for a retest of the breakout zone
325 to 335 remains to be a supply area, we need price to sustain above these levels with a good volume for us to give a bullish confirmation.
Early entry can be made but little risky, early entry with a strict SL to be followed.
Momentum...
V- GUARD industries is an interesting chart with following
1. Price forming ABCD pattern on weekly chart
2. RSI on all time frames above 60
3. Weekly bullish candle with Huge volume
4. Major support at 283-296 zone
5. Buy on Dips and dips only with one's own Risk Reward matrix
6. Stock included in Weekly report of Stock Edge for current Week
Lets See How it...
MomentumDescription: V-Guard, a leading player in the electrical appliances sector, has recently reported a significant rise in its December quarter profits, showcasing robust growth potential. With this positive earnings momentum, the stock is poised for a bullish run.
Technical Analysis:
Buy Entry: Rs317 Target Price: Rs 347
Chart Analysis: Utilizing the weekly...
NSE:VGUARD potential 6% gain at nearest target level 319.8.
This also a hard resistance level. After 6 attempts took fair amount of consolidation and took nice support at 288 which is also basis line of Bollinger.
All moving averages suggests its a strong buy.
Overall, looks bullish going to make another attempt to breach resistance line after 6 weeks...
As company's results were good in this quarter that is why it is in uptrend right now. It is making flag pattern and supposed to BO. This makes it a good swing trade setup.
This analysis is just for educational purpose. Do your own research before investing in any securities.
Vguard has been consolidating from 2018 in a rising wedge pattern.
Today, the stock has given a breakout of its ATH and is currently looking bullish.
However, the best entry for the stock is 255-260 with a SL of below 235 DCB for minimum target of 300.
The stock can give multibagger after a upward breakout of the pattern.
Idea is shared for educational purposes...
