VIMTALABS trade ideas
VIMTA LABORATORIES BO tradeNSE:VIMTALABS Levels are Mentioned in the chart... Look for Swing..
Note:
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One Right Trade's Swing Trade Idea #72 : Buy on VIMTALABSPlease do like and share the idea in case you find it good and follow it for further updates on it for benefit of everyone. Also, please comment if you have any feedback. This idea by one right trade is only for study purpose and is not a trading call.
Vimta Labs - Buy, using simple support and Resistance linesSupport and Resistance lines act as good levels for entry and Exit. In the chart of Vimta labs, two resistance lines are drawn. The way to trade this setup is to either go long after the breach of first resistance line or to wait for the stock to retrace after the second touch of the resistance line.
Go long either around 76-77 or after 88 is taken out.
Target- 118
Stoploss - 70
Happy Trading,
VIMTA LABS - A SMALL CAP FOR INVESTMENTVimta Labs is a small cap contract research company with market capitalization of 247 Cr. It has been increasing earnings over last 5 years at 12.5%.
It's consolidating between 100-107. Any breakout above 112, should take the share to 160. Keep stop loss below 99.