it seems it is coming out of consolidation.
price movement with high volume seen for consecutive days.
above 230 it shall continue to rally for a target of 260.
RSI is at 75 indicating bullishness.
Narrow CPR indicating directional movement.
we can see VLS FIN LTD INDIA was in consoldation from the last 6 months from it gave breakout with good volume. we can make 265 as its swing trarget according to pattern (RECTANGLE) formation which is also its all time high.
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Hi Risky Investors,
VLSFinance has recently broke Three years resistance zone and now took a support at the same level. Perfect price action to go long with 10% risk on capital.
I hope you will benefit from this knowledge
stock was in long consolidation of 18 weeks.
then first it broke the upper trendline with volume.
then it also broke out of range with volume.
Today it gave BO retest with continuation pocket pivot from 10 DMA.