Vrl logistics looks good around 570-574 levelsAlong trade can be initiated in VRL logistics around 570 575 levels with stricti sl around 560-565 levels for target of around 600++ 620+++ 660++++ and so on
VRLLOG trade ideas
Not a Great Place to Enter But Can Wait for RetracementNot a Great Place to Enter But the view is bullish
Can Wait for Retracemnt or High Break
Note: For Educational Purpose Only
VRLLOG BO [Weekly]VRLLOG BO on a weekly timeframe. It did break out from a large weekly base previously but then broke down. Last 3 weeks it has broken both level as indicated on the chart and this week it gave good volumes as well.
Came up in screen for 1 Month momentum, lets see how this rolls further.
Fundamentally stock hasn't given good quarters recently. So not sure about this as a high rated pick.
Can VRL go Viral ? Market Cap ₹ 6,570 Cr.
Stock P/E 39
Industry PE 26
Dividend Yield 1.08 %
ROCE 18%
ROE 20%
Debt to equity 0.74
OPM 15%
EBIDT growth 3Years 10%
Promoter holding 64%
EPS 36
VRL Logistics is engaged in logistics services dealing mainly in domestic transportation of goods. Other businesses include bus operations, transport of passengers by air, sale of power and sale of certified emission reductions (CER) units generated from operation of wind mills.
India’s Vehicle Scrappage Policy
The vehicle scrappage policy is a government-initiated program to replace old vehicles on Indian roads. As per the new policy, commercial vehicles greater than 15 years and passenger vehicles greater than 20 years will have to be mandatorily scrapped if they do not pass the fitness and emission tests from April 01, 2023.
Under this policy, around 1265 vehicles from the existing fleet would be required to be scrapped, in terms of capacity these vehicles account for 18% of its fleet capacity.
Co. added 91 new branches, 241 net vehicles (post disposal of scrap vehicles) including 19 electric vehicles in FY22.
VRL Logistics - Long Setup, Move is ON...#VRLLOG trading above Resistance of 656.65
Next Resistance is at 980
Support is at 455.85
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Bullish on VRL LOGBullish view on VRL logistics
Buy 692
SL 640 with target 840
Strictly follow money management and risk reward rules.
Disclaimer - It's not a call and tips only for educational purpose analysis
VRL LOGISTICS TARGET 859VRL LOGISTICS broke the weekly consolidation upward resistance in daily with bullish. If it opens and sustains above 725 daily it will reach the short-term target of 859 and the long-term target 992 in weekly extension trend line
VRLLOGTwo things are happening in the stock, the first is the rounding bottom pattern and the second one has taken the rejection from the trendline and VRLLOG:- has gone back to the upside, as soon as the breakout is given, you can make some plans.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Target 3 (52%) achieved in VRL Logistics. Target 4 is ON...This is follow-up on VRL Logistics. Can check link to related ideas.
Target 3 achieved. More than 52%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
UPMOVE EXPECTED BREAKOUT BULLISH WAVE
Just updating cause a breakout is expected from the price movement i see.
The results came out which were not good but i expect the company to show a breakout from bulling wave pattern .
Bullish in VRLLOGDisclaimer: I am not a financial advisor, all information shared are ideas shared, take your entries based on your own analysis or taking advise from your registered financial advisor. We are not responsible for your profit or loss if you take up idea from this chart.
Took support multiple times near 590 can play long term. Strong trendline break-out. Entry, Stop and Profit as per RR ratio.
Swing Opportunity in VRL LogisticsVRL gave a breakout from its consolidation box & it retest that level the following next day it took support where there was 3 EMA's confluence it is a high Risk: Reward opportunity to go for a short swing
VRL Logistics Cmp 605 dated 11-8-2022 2.19am Live mkt recommendaVRL Logistics Cmp 605 dated 11-8-2022 2.19am
Live mkt recommendation
1. Trendline Support @ 590
Buy for a tgt of 640-670-700-720-785 SL 550
It is just a view, pls trade at your own risk.
Bearish Engulfing Pattern...For the bearish engulfing pattern, there are 3 criteria:
1. Market has to be an in an uptrend. The VRL price was in an uptrend until it reached its high and then the bearish engulfing pattern formed.
2. The second body of the pattern must engulf the prior real body. Here, both the engulfing patterns marked in the chart, display these characteristics.
3. The second body of the pattern must be the opposite color of the first body.
VRL LOGISTICS TARGET 595VRL LOGISTICS weekly closing is good above the raising wedge support. Travels towards raising wedge resistance.Target 595
VRL logistics Plan your trade trendline breakout ..Buy Set up Upside Move Possible only Education Purpose Only
VRLLOGTechnical analysis based on Trendlines & Price action
Use it just for reference and do your own analysis
Currently at support
Can anticipate a H&S if the bottom trendline of the Blue Channel acts as a good resistance
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
VRLLOG at supportTechnical analysis based on Trendlines & Price action
Use it just for reference and do your own analysis
