My idea is for educational purpose Buy Vinyal India@ 144 for short term gain of 10-20%.
* I love those chart set up where several tests of horizontal boundary near life time high .
vinyl chemicals forming rectangle pattern on day chart ,have to wait for candle to close above 140 for good move
consolidating in a range just below ATH(137) can see in right side monthly chart. buy above 133 will rally more once breaks 137. safe side can wait and buy above 137.
Enough consolidation after breakout
ABOVE 132 accumulation zone is 76-92 weak below 76 above all important moving average good volume in last few sessions
Breakout with a good volume
short term target 120 long term target should buy above the breakout of 120
Keep n eye on this stock. Looking good till staying above 98 Good strong move may come above 117
cup and handle , Inverted head and shoulder, triangle and Flag.
if it breakout happens it gives return of above 50%. Dont miss it grab the offer.
Buy @ 104/108 Target within 2 month
explosive move and a soft approach towards the 50dma. if the price reverses from here. i will a buyer around 98-100 levels. volume is necessary. decreasing volume is also a good sign.
The setup of Vinylindia is looking very good for long as ran more then 200% from its 52 week low forming a saucer during consolidation. 27% correction with low volume. High volume on up days and Low volume in down days is very healthy sign. If it break the line of least resistance then can be bought at 104 with the stop loss at 94. Low float company, probability...
FIBO Monthly Support Zone and S/R lIne. 50/200 D EMA Markings.