VINATIORGA | Trendline breakout after profit booking - 20% CMP : 1968 SL : 1860 Target : 2350 Almost 1:4 risk reward setup
On very good support after breaking head and shoulder pattern looking bullish but not nay recommendation Thank you.....!
Breakout was above 2018 Retested the break & moving towards 2300+ levels
Vinati organics took support and showing sign of upward journey
UPTRENDING CHART WITH GOOD VOLUME Buy@CMP Trading in blue sky zone Disclaimer The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated....
The stock is ready for a rally . See charts for next short term targets !!
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Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
The stock looks good above 2050 level for first target of 2130. Once ATH is broken one can expect another 5-6% upmove. This was taken as a BTST trade in our group above 2000. Lear & Earn, Dr Tanya Kumar
The stock is coming out of consolidation and with rising RSI its expected to reach the targets shown on the chart very soon!!
1.Ready to break out at round figure 2.Multiple times tested level 3.2150,2300 target 4. Weak below 1900
Levels mentioned on chart. SL based on daily daily closing.
Falling Trendline Falling Trendline Falling Trendline Falling Trendline
Market Cap ₹ 18,769 Cr. High / Low ₹ 2,132 / 1,080 Stock P/E 67.5 Book Value ₹ 150 Dividend Yield 0.33 % ROCE 23.8 % ROE 19.1 % Face Value ₹ 1.00
Breakout done After good consolidation SL 1855 Target 1 : 2200 Target 2 : 2500
After breakout it is retracing with a veryy small volume It took support from the 100DEMA near its demand zone It is now ready for big move volume is increasing slowly too On 1 hour time Frame it has given a trend line breakout which makes it more attractive If it reclaims 50Dema on 1 hour time Frame and stays there for 2-3 candle with volume we can go long It has...