VTL nearing a large BO that too on weekly timeframe. I really like looking out for large weekly BOs especially with the pattern on the chart right now. They work pretty well for me as well.
Some RS numbers for VTL to see how progression as been in strength:
28th Mar - 56
5th Apr - 50
12th Apr - 59
19th Apr - 59
Despite a volatile week, we can see it holding up...
Stock was in Stage 4, Then Formed Stage 1,
BO of S1, now in Stage 2, Formed a VCP,
Volume Dry Up before BO, BO with Volume
RS Line was making 52wh,
MACD Crossover,
EMA rule in place.
Mind Set: testing waters with 1/2 qty,
cause overall market conditions are improving
Other Stocks in the sector are near RT or experiencing Pull Backs
#VTL- is looking good for the short term. After forming a nice volatility contraction pattern, the stock starts to break from the range. Stop loss is on a closing basis.
Weekly chart making a nice HH HL structure
Price taking a nice support
4 hr / Daily price passing above Key moving averages.
Keep watching with a strict stop loss as per your risk tolerance.
Happy Trading !!!!
NSE: VTL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed...
This stock has been moving in a downtrending channel and now has finally gave a breakout of channel.
Along with that has formed a inverted H&S pattern at the bottom of the trend.
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Now looks like will rally upside to 450 or more.
In the Weekly Chart of VTL ,
we can see that; it has dual breakout, Cup & Handle as well as Inverted Head & Shoulder.
Also, it has retested properly
Enter on hammer candle's high with low as SL.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
![VTL: VTL Near BO [Weekly]](https://s3.tradingview.com/l/lCGrQZgH_mid.png "VTL Near BO [Weekly]")
