1. Stock has closed firmly above its lifetime high at 1165, C&H pattern is observed in daily chart breakout level at 1105.
2. RSI negative divergence is observed in daily charts, go long on retest & reversal from the zone b/w 1105 & 1165.
Vaibhav Global has shown good relative strength in past few weeks.
Now the stock is trading near an important resistance level and has given a good bullish close today.
We can expect a further 5-8% move if there is a breakout from resistance.
T1 will be 3%
T2 will be around 1180
Will ride the trend later on if price goes above 1180 level and trail my SL using...
Price is near resistance. But price is not falling from resistance zone.
Price is sustaining near resistance , so could see a breakout.
Buy only if price sustain above 1015.Target could be 1188 .
VAIBHAV GLOBAL has broek out of it all time high afetr many years and has been sustaining and moving up well in a lack luster master otherwise.
add on dips to 1090 and 1000 , for investment purpose
SL below 900 on weekly basis
Long- Vaibhav Global
Price action has seen a breakout in short term as well as long term.
Target looks pretty high.
Can be bought around CMP. Put strict SL.
Disclaimer: Ideas for educational purpose, hit the thumbs up button if you like.
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.
