It shows breakout in Multiyear trend line and Triangle pattern, just a little neutral because it is ascending triangle but it has broken the upper line, can give short time buying opportunity,
BO TRADE
Vakrangee
Looks Good ABOVE 25.60
SL 21
Targets 26-28-30-31-35-36-40
Hold few Weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Reversal from bottom, RSI is shifting in upper direction. Stock is ready to cross past barriers with good volumes.
The Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure.
The Elliott Wave analysis indicates that the stock has completed waves (1),(2), (3), and (4), which are shown as blue numbers on the daily chart. Wave (5) appears to be underway at this time and might reach a maximum...
VAKRANGEE - This Could be High Risk Potential Investment
SL 13 WCB..
Last time it has tried breaching the resistance but failed because of Stress Test..
Looks like it will head higher from here and one can buy in a staggered manner..
Disc- DYOR as well
Reason for long
a)Consolidation breakout
b) Engulfing set up
c) Trendline breakout
d) channel support
e) QQE about to give long
f) SL compulsory
Fundas are very weak, but technically good point: Hence SL compulsory and Qty not more than 1% of total investment.
Note: This analysis is for education purpose only. Buy or sell at your risk.
1.Accumulation in Background and Upside in few months.
2.Stop Loss at 16.65
3. Min Target at 21.75
I don't know it's fundamentals. However, can interpret the footsteps of biggies. This counter is likely to almost double in near term. Lets see how it unfolds.
-bounce back from lower trend
-strong support from 50 EMA
-rising wedge channel breakout above 23.50
-rise in volume & rsi shows strength
-keep on radar it can give good return
Vakrangee trying to enter in a muti year channel pattern, once it reaches 24 then it will move on 50+ then 72+ will be the multi year channel breach. If it breaches then we can see 100/200/300 in coming months
vakrangee sof , looks good for
27 -30 and even more.
last time when vakrangee gave similar breakout in sept 2022 , stock rallied from 27 to 45
outstanding volumes were seen today, with price getting freezed in upper cap at eod
did u observe pc jeweller today 4th consecutive uper cap
connect the dots
pc jeweller and vakrangee connection, some positive story...
Vakrangee accumulating for past 7 months.
Almost 130 bars of accumulation
Volume is slowly building up.
50 EMA very close to 100 EMA in day chart.Safe to take entry at crossover
Touched the trendline and gave a slight rise with a not so bad volume.
May come to 16 range if trendline brocken downwards.
Short term target : 25
Long...
