Vinati Organics Stock is about to breakout from Descending Triangle Pattern which can be bullish or bearish pattern . So the stock may go long or short.
Please check the chart for details. Mentioned clearly about the support and resistance points.
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcomed
Features on chart :-
1. Channel pattern breakout coming.
2. Flag and pole pattern.
3. Volume contraction.
4. Price contraction.
A trade above 2000(after breakout) will give a high probability trade with risk reward of more than 1:5.
Follow for more such ideas.
hello traders , we can see a breakout in vinati org
CMP -1980,
RESISTANCE -2030,
BREAKOUT AFTER -2050,
SUPPORT - 1930,1878,
TARGET- 2112,2250,
TIME FRAME- 15 TO 30 DAYS,
BUY - CMP -50%QTY
SUPPORT -30%QTY
AFTER BREAKOUT - 20%QTY
MULTIPLE TIME FRAME ANALYSIS + ALL PATTERN ANALYSIS
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TECHNICAL ANALYSIS OF NSE:VINATIORGA
The LAST CLOSE PRICE of NSE: VINATIORGA is 1979.35. The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 1979.35. From here, the Key Support and Resistance levels are SUPPORT 1 at...
This stock has been giving massive returns since its day of listing and gave a good breakout on 2nd July.
CMP= 2026.60
targets, entry price and SL are given on the chart!
after achieving the first 1st target, trail your SL
Vinati Organics has once again given a breakout of a downward channel. This is a behavior this stock has done in the past as well. The fundamentals of the stock is very strong and so can be a good one to hold positionally.
VINATI ORGANIC Cmp 1619.25 Dated 13.4.2021
On weekly chart stock is moving into the channel since 1 year,
now trying to break the channel breakout.
@ above 1700 will give tgt of 2308 SL 1500.
The tgt is also Fibonacci retracement @ 1.618.
It is just a view pls trade at your own risk.
