VINATIORGA trade ideas
Vinati organics Relative strength raisingRelative strength watch for low volume pull back and take off
VINATI ORGANIC Cmp 1619.25 Dated 13.4.2021VINATI ORGANIC Cmp 1619.25 Dated 13.4.2021
On weekly chart stock is moving into the channel since 1 year,
now trying to break the channel breakout.
@ above 1700 will give tgt of 2308 SL 1500.
The tgt is also Fibonacci retracement @ 1.618.
It is just a view pls trade at your own risk.
VINATI ORGANICS Positional ViewNSE:VINATIORGA Levels are Mentioned in the chart... Look for Swing
Note:
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VINATIORGANICS LONGVinati organics ltd,2 Hrs TF, Potential breakout shortly (peanut pattern) and also satisfying son-father-grandfather rule in RSI
vinatiorganicthis is making flag pattern and price moving near the trend line buy above the trend line coz that r the big resistance soon it will give up move flag breakout .
BuyVolume bhas dropped substantially after breakout from the triangular pattern. Volume on breakout was exceptional and at the same time it took our two previous swing highs. Price is near 20 DEMA and range is small. RSI and RS are strong. Buy with sl below 1300 on daily closing basis for target of 1700+ levels.
Disc : it's not an investment advice to buy or sell
Chart of the Week (13/02/2021)This week we will cover Vinati Organics as it had a very clear breakout on weekly levels. The chart is self explanatory and the company is definitely an investment grade company. Stop loss will be the downward sloping resistance line that the stock has broken which is currently around Rs.1360
VINATIORGA has given fresh breakoutVINATIORGA has given a cup & handle breakout on time frame with rising volume. however it has to sustain above 1400 -1420 level for sustainable rally. if it sustains it can move past 1600 odd levels.
Vinati Organics is in the oversold zone.Wait for the RSI to make a down move and a Stoch RSI cross-over. Sell for existing levels marked in the chart.
Low volume in green candle means buyers are not interested! So sellers will kick in soon.
VINATI ORGANICS - LONGThe stock broke long term downtrend with high volumes. Currently the price is facing resistance and is into consolidation after a break out. Long position can be taken around 1250 for targets of upto 1380 to 1400. Sl can be kept at 1199 and should be taken on candle close basis. Swing long trade may take uto few weeks for target to be hit.
Vinati Organics : Breakout with good volumeVinati Organics looking good as it has given a BO from a range with good vol
However, at current level,
Buying is not recommended
As R:R is not fav. Buy either in dip arnd 1180 or above 1240
initial SL would be 1145 or 1175 respectively
Target line are marked on chart
Disclaimr : This idea is for only educational purpose, please consult your financial advisor for any position.
Vinati Organics - Consolidation BreakoutTGT 1400 soon. SL 1235. Long term TGT 1600. For educational purpose only. Company into specialty chemicals with strong fundamentals.
Vinati Organics Ltd - Near Breakout PointThis is just for educational purpose and not a recommendation. Closing above 1240 will take it to 1320/1420. Before taking any positions please consult your financial advisor.
Vinati Organics - Positional Vinati Org has given a breakout after a pull back.
Good Volumes have come up and RSI is getting stronger.
Should reach the target 1300 in the coming days.
VINATI ORGANICS CAN GIVE GOOD MOMENTUM ABOVE 1165 RESISTANCE POSSIBLE TARGETS ABOVE 1165
1) 1210 (38.2 % FIB)
2) 1250 (50 % FIB)
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
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NSE:VINATIORGA
VINATI ORGANICS LTD.
CMP: 1219
Target: 1500+
SL: 1150
Time Frame: < 2 month.
Invest and hold!
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