Swing trade Hello traders,
Here I took trade for flag breakout or we can say symmetrical triangle 📐 breakout.
Just share you thoughts, comment "Trade" if you want the full thought process.
Happy Trading
VLEGOV trade ideas
Vlegov resilient in this weak market. Keep on radar. ✅Stock is trading in a channel.
✅Taking support at the bottom of the channel and
50 DMA
✅HH-HL pattern is not violated yet.
✅Stock in stage 2 backed with good volume.
✅Low volume when stock is pulling back.
✅Showing resilience in this weak market.
✅Part of Digital theme which could be the next big
thing in India.
❗️Fundamentally not strong as of now.
❗️Showing resilience in a weak market doesn't mean
it will never fall.
❗️Ideal entry was when the stock reversed from the
channel bottom with a bullish Marabozu.
❗️Ideal SL from CMP is very steep.
❗️The market is still under the control of bears and
we are yet to get a strong reversal sign.
Keep this stock on your radar. Safe traders wait for Nifty to close above 25200 or let the stock break out of the current base. The breakout level is 181.26. Risky traders can try going long with limited quantity at CMP. Present market is FOMO inducing. Keep your FOMO under control.
Risk management is the key, so please do not trade based on anyone's analysis. The point of sharing this chart is educational, and this is not trading advice.
VGEITL - Flag & Pole Breakout - Best to add above 111]VLEGITL is a subsidiary of Vakrangee Ltd, has formed Flag and Pole Pattern on the chart.
This is purely technical play and one can enter above 111 for 36% upmove with different levels mentioned on chart.
Strict stop loss of 100.
Like the analysis? Boost/Like the idea.
Disclaimer : Educational content & not a buy/sell recommendation
VLE-Gov - price projectionRecent days seeing more volumes in buy side, So there will be some movement in this stock and we can expect immediate target 35 once it reaches then we can see 40 to 45. If that crossed with volume then we can see 100+ too. In long term after year or so we can see 200,300 too
