NSE: Vaibhav Global -Is it a Buy for Second Breakout to 921?
Since the last breakout from level of 621 on Oct 30, 2017
Stock is consolidating in the range of 796 to 639.
During correction fell from 779 to 579 level.
Bounced back from 579 to 767 and trading between 735 to 701
Charts showing triangle formation
Technically with long at current level, stop loss @ 678...
Please see charts for details .
Weekly charts look like a big cup and handle.
Disclaimer: Not an trading/investing recommendation
Do your own Analysis
Invested
VAIBHAVGBL has formed ascending triangle pattern on daily chart. RSI is also above 50. Stock is above 50 SMA. Breakout above 730 on closing basis. Pattern failure below 700 on closing basis.
Vaibhav Global Limited is a holding company. The Company is an electronic retailer of fashion jewelry and lifestyle accessories. The Company owns and operates the Liquidation Channel in the United States, and Jewelry Channel in the United Kingdom. It operates through wholesale business-as a downstream manufacturing facility segment. The Company offers a range of jewelry and non-jewelry products. The Company manufactures and exports various kinds of jewelry, colored gems stones, precious and semi-precious stones. It offers fashion jewelry, including bracelets, bangles, earrings and studded jewelry. Its fashion accessories and lifestyle products include watches, handbags, scarves, home decor, bed linen, pillow covers and towels. Its products are sold on its television shopping and Web platforms. Its plants are located in Jaipur and Mumbai. In addition to electronic retailing, the Company also engages in traditional business-to-business wholesale distribution through STS Jewels Inc.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
VAIBHAVGBL
