Breakout in VPRPLSymmetrical Triangle Breakout Setup
RSI above 70and rising
Trading above EMA50
Volume spurt
Disc: for study, not a recommendation
VPRPL trade ideas
VPRPLVPRPL formed strong support near 288-90. Seems too promising for its new ride. Keep it on radar.
VPRPL
Price gave a breakout above previous all time high in July.
Subsequently, it retraced back to its breakout level support, and has now given a confirmation of the up-move.
Because of low price history, we cannot fix a target.
Bullish outlook remains intact as long as price is above 220.
VPRPLVPRPL has given good breakout and is trading at ATH. Volume action also observed in all positive days. Keep it on radar.
Medium term trading opportunity in VPRPL for v. good upsideHi,
NSE:VPRPL has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
Potential upmove - VPRPLCheckout an amazing breakout happened in the stock in Weekly timeframe.
IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
PS: No new Nifty500 script can escape from me when making a breakout. :-)
PS: This script is shared 1-2 days delayed. Sorry for the delayed charts.
PS: People who missed my first BO level, can re-consider this BO level when a proper candle close is seen in Daily TF
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
Catching the early birds in the stock market and not everyone (especially retail traders) can do it. The art is investing fixed amount equally in every stock and let the law of numbers work on compounding in the longer run,
Example: 5000/- invested equally in all BO stocks where out of 15 stocks only 1-2 stocks goes beyond -50% SL, where rest of the stocks flies like an eagle. The secret recipe is "Patience with correct study" and "Large diversification" and "TIME".
VPRPL - W Patrn Contributing to the infra theme. Best above 211Vishnu Prakash - The Gap has filled with the new order news and on its way to Double bottom formation.
One can take fresh entry above 211 and buy between 170 to 211 if there is a fall
Strict Stop Loss of 178
Disclaimer : Educational Content. Please do your own research.
VPRLIn an IPO base, the pattern typically starts within 25 days of the stock's first day of trading. Know the important similarities with regular bases. For example, the buy point is drawn by taking the prior high. The price gain on the breakout should be strong.
