Vikram Thermo a microcap company is currently taking support and has a triangle formation in its chart. A buy can be considered now or after breaking the trendline.
The RSI is also looking for a breakout.
Risk-Reward Ratio is on the lower side with this setup. Strict SL at closing below 187 .
Vikram Thermo ,WEEKLY LINE CHART
STUDY AND INVEST
CHART LOOKS GOOD,
CURRENTLY STOCK PRICE respecting the TRENDLINE After a breakout from consolidation, .STUDY THE FUNDAMENTALS ,Watch concalls and investor presentation for more idea about future plans of the company,
Belongs from the pharma Sector( Currently in growth , Have low debt)
Could break its ATH
9MA Crossover 21 and 55 MA
Intraday Prefered.
For Educational Purpose Only.
BGN
Vikram Thermo (India) Ltd: A Momentum Trade. Can enter at INR 109.20 if breaches with volumes. SL at INR 104. High volumes are observed weekly basis. Watchlised for now.
However, volume is the concern. very low volume counter. so need to go mild!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
