It is giving a break in the spread chart wrt NIFTY. It is also outperforming NIFTY.
315 should hold, else the good support will come at 300.
CMP:-349 Support:-310 Possible upside 10-20% shorterm
VISAKAIND has formed Bearish Bat Pattern and this has to reverse now as the range are between 310 - 298.45 Target will be 286 and the stop loss will be 313 Disclaimer: This prediction is based on the current market condition and it does not guarantee a success in trading.
1. Double Bottom Breakout 2. Strong support near 479
What can the stock do if it closes at CMP for the week? Let's see! ;)
VISAKAIND has given a rejection from 700 level!! However we do have a break from symmetric triangle!! If we see a close or sustain move above 700 then we see 800!!
05-01-2018 - Medium to Long Term Start of Wave 5 Buy from 770 levels, SL 700 Target1 850, Target2 1050
Visaka Inds has broken out of triangle pattern on high volumes. Long with SL of 680 CB.
descending angle is going break out due to good green volume with support of flag pattern
On multi year chart visaka industries looks to achieve target of 260.