Vishal Fabrics.. trendline breakout & retest!!!Hello 👋
Today one more breakout stock for swing trading. (Textile Industry)
The stock name is Vishal Fabrics
Stock already bottom out.
It's a rounded bottom in weekly chart.
Stock facing resistance at 43. If any weekly candle closed above 42 can be taken as positive sign.
It's long trendline breakout & retest marked on chart.
Support area between 22 to 20.
No buy or sell recommendation 🙏
Thank you.
VISHAL trade ideas
VISHAL - Trend AnalysisThis stock has formed an Flag Pattern and it might go in any direction...And from Dec beginning this has formed many negative candles which is not good and this also shows an opportunity to enter at very low.
Think wisely before leap in.....
VISHALVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2 uptrend.
A period of price consolidation must take place in thebase.
Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement.
Price volatility must contract through the base (from left to right).
During this period of price consolidation the stock price will correct.
Price must correct through a series of smaller contractions.
Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions
VISHAL FABRICS - Go LongFor Educational Purpose..
⚠️ I'm not a SEBI REGISTERED analyst & my view can be biased
⚠️ No Buy Sell recommendation, do your own DD.
#VISHAL IS READY TO BUY LONG
Waiting Time 3-6 Months
Long Above - 25.5
SL - 18.5
Target - 30.5, 35.5, 40.5 & More...
Thank you
Vishal Fabrics looks good for 10%#Vishal Fabrics retest done, taking position for 10-15%.
Entry - 22.80
Target - 25.30/28.10
SL - 21.20
Study the stock and trade responsibily
Breakout to watch for next week - Vishal fabricsAscending triangle breakout with volume spurt
RSI above 70 and rising
Above EMA40
Vishal Fabrics ltd in uptrendit breaks the trend line and get retested. Now it is the good time to enter in this stock.
Vishal Fabrics !!Good Funamentals !!
Good beakout !!
Textile Sector in Focus !!!
Can really do well,, Levels to add and stop loss already mentioned !!!
Vishal Fabrics for positional tradeVishal Fabrics has given a cup and handle breakout in weekly charts with good volume. Looks good for positional trade with trendline as the near term target.
VISHAL FABRICS DAILY CHART ANALYSIS AS ON 10.01.2022VISHAL FABRICS as per daily chart analysis stock above 112.50 for a target 115.50. Resistance 116.50
Vishal Fabrics LONG Trading StrategyHello,
Penny Stock Idea by Gautam. My first public post.
Strategy Used: 50 EMA Crossing 200 EMA
Buy Range 127-128rs
SL - 120.75
Target - 140
Please share feedback if any :) thanks
The GameI won't say anything about this stock.
Just look it and try to understand what happened.
for the dumb people.
THIS IS NOT A CALL, JUST FOR EDUCATIONAL PURPOSE.
Want to make money along with me?
- Click on the follow button.
- (Also can message me the word "Interested")
educational purpose, please read fully.Note: this is something suspicious, better to stay away from this kind of stocks.
