For Educational Purpose..
⚠️ I'm not a SEBI REGISTERED analyst & my view can be biased
⚠️ No Buy Sell recommendation, do your own DD.
#VISAKAIND IS READY TO BUY LONG
- Last 1 Months Volume Massive
- View W Pattern Monthly Chart
- Multi Year Breakout
- 52 Week High 176.95
Waiting Time 3-6 Months
Long Above (Required Candle close) - 177
SL - 150
Target - ATH
Thank you
Since August 2021 the price of NSE:VISAKAIND has only come down and created a reverse "N" like shape on the chart. This is a Bullish Pattern and should take the price up and make a Higher High.
As it is a dividend-paying stock hence an investment can be made from cmp, with the first target of Rs 132.80/-, a second Target of 174.65/-, and a final target of...
🚀 Exciting breakout alert! 📈
"Vikas Industries" has shattered its resistance level, setting the stage for a potential upward rally. Keep an eye on this stock as it shows strong bullish momentum and could be primed for significant gains. Don't miss out! #stockmarket #breakout
In this analysis, we will examine the technical aspects of the weekly chart for VISAKAIND, aiming to provide insights into potential trading opportunities based on key patterns and indicators.
Breakout of Weekly Falling Trendline:
The chart displays a significant breakout of a weekly falling trendline. Breakouts of trendlines on higher timeframes, like the...
Visaka Industries- Handle formation is in progress. In a parallel channel in the 3months time frame. But forming cup and handle pattern in monthly. Good to accumulate it slowly before it reaches the handle top for breakout. 100 percent returns possible in few months.
Team Stocks-n-Trends
✅Broke 1 year old resistance
✅ Highest Volume
✅Strong closing in lower time frame
✅RSI , ADX in momentum
✅Above all crucial EMA & SMA
✅ Institutions Active
Narrow Breakout pattern is slowly developing in Visaka Industries.
Trading at 92 CMP.
100 is the near hurdle and also psychological level, breaking this will take it to 130++
Stock has the potential to reach till 160 in a short to medium term.
SL , anything closing below 80-82Levels
Purely study purpose , Not any recommendations!
1. Trend : downward / sideways trend since July 2021
2. Pattern : bullish Maribozu crossing the channel pattern and the monthly supply /demand level
3. Volume breakout : highest volume in 1.5 years
4. Comments : stock to retrace to support levels and then move forward to create higher highs and higher lows
5. Entry / exit : 93.90 (previous low), entry 2 - 92, SL -...
Stock has given a good upward movement from Monthly Demand of 69. CMP 77. Looks promising to go go for T1-T2 in next 3 months
T1- 111
T2 - 120
T3 - 141 ( Six Months )
SL - 56
