VIMTALABSOn a move past 120-125 zone, this stock can gain momentum, I feel.
The current price is encouraging as well, to me. Ofcourse, I'm biased :)
View negated below 100.
VIMTALABS trade ideas
VIMTALABS - SHORT- DAILY1. There is a resistance zone (Monthly).
2. In past Price has reversed from this zone.
3. There are four bearish candels with long wicks. Generally Long Wicks from north to south indicates Market Does not have enough steam to push upward.
4.This trade is little risky trade howwever there are chances of price hitting the target
5. RSI is moving downwards.
6. The overall trend is bullish in daily time frame. However in this setup we can take benifit of the retracement.
4.There is good risk reward ratio. There will be always be good risk reward ratios in the Ideas that that I'll share.
5.Short is the call
6. Idea is published for education purposes only. Please feel free to ask questions, give constructive feedback and your views. Please hit on like, it's an incentive to me and motiviates me to share more setups.
Vimta Labs - Cup N Handle FormationOn monthly chart, the price action formed a cup and hanlde formation, indicating bullish trend to proceed in coming months. Now, the price action is ranging in descending triangle and the breakout from there shall decide the further movement in prices.
