Reason for long - Consolidation breakout
High risky penny stock: position sizing not more than 0.5% of total capital and has risk of complete erosion of invested fund in this stock. It is purely experimental investment and purely based on technical. The organization is non-significant profit making, but volume increased in recent times.
1. Powered by vwap...
VIRINCHI: Looking Good
Rounding Bottom Breakout Sustaining Above/Closing 90
If fail to Sustaining Above 90 then will try to Create Cup & Handle Pattern
-Breaking out of the bull flag pattern on extremely heavy volume.
-Indicators bullish.
Disclaimer: Invested and biased.
Not an investment advice. Do you own due diligence.
-Breaking out of a falling wedge.
-Bullish RSI, Stochastic and MFI.
-Bullish cross on MACD.
-Potential short-term double bottom with a bullish pin bar.
-Closed above 20 day EMA and at key resistance.
-Close above 110 can make it skyrocket.
-Fundamentally strong company.
Not an advice. Do your own due diligence.
Disclosure: Not invested...yet.
Virinchi Limited PA showing a bullish flag formation. PA looks very bullish, and higher targets can be expected. Targets marked in green.
Everything else self explanatory .
Good luck to y'all!
