Clear rounding bottom with huge volume addition.... stock is trading near to the breakout levels....good buy at these levels
The stock has broken out of the pattern after a consolidation phase and supported by very high volumes. It is expected to follow on the trend and can be bought at current levels for targets of 838 and 900 in near future. The stop loss can be maintained at 775 level, which was the resistance level before the breakout. Supporting technicals: RSI: 66 (Bullish but...
Analysis is for educational purpose only.
It created a rounding bottom pattern. Once breaks we can expect a good move. It's more than 3 yr breakout. Fundamentally company is good. Aggressive buy is 813 and safely we can enter the above closing of 836 Please Note: Above chart is for educational purposes only.
As the price action of Vishaka industries gave a multi year breakout, we are bullish on the stock in short term. Wait until it touches the resistance again.
consolidating, one enters after a breakout
the stock is forming a round bottom pattern and can give a multi year break out kindly add visaka in your watchlist
The stock may give a sharp breakout. Keep it in your watch list! Keep learning! Keep earning! Keep supporting!
Visaka a great business available at dirt-cheap valuation. - After a decent 30% move consolidation going on - Can be bought at current levels with stop below 475 on WCB. - A longterm story
the way this stock is rising we expect new all time high,before that we can expect some resistance at previous ATH
My idea is for educational purpose. Buy Visaka Industry @536 for short term gain of 10-20%.
NSE:VISAKAIND Levels are Mentioned in the chart... Look for Swing... Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for...
Visaka gave a good result today. PAT was approx 30cr. If the stock can breakout of the box it could start its new uptrend. Its been trying to form a base for over 40 days. Box breakout with high volumes could be powerful. Long above 540 and 550 (2 buys) with a SL of 5%. Target 620 and then 660.