Please note that these stocks in no way are meant for immediate buying.
Instead, it's my shortlist for this week - where the stocks are in trade action zones. And could prove to be best buys if entry signals received.
However, the price may also go in the reverse direction.
I would hence be looking for entry confirmations like Breakouts, Ema Cross, RSI/MACD...
Retracing from near 61.8 fibo levels with strength on D
Awaited a Weekly strength > 2698 and C > 2723.95
CCI(W/M)>100
TGC true on D/W?M
Stable volume support
SL 2356
Target 3960
Possible Cup & Handle Pattern in VST Tillers and Tractors . Keep on radar and Buy with SL :: 2040 once there is an upturn in volumes . Good Fundamentals and in the favored Tractor Segment .
On the weekly chart, VST Tillers completes a 3 year consolidation with a price-volume breakout by a combination of two patterns:
- Cup and Handle
- Triangle
Does the confluence of patterns indicate the monsoon magic that is going to playout ?
Lets wait n see
VST Tillers Tractors Limited is engaged in the manufacturing of power tiller and tractor. The Company operates through the manufacturing and trading of agriculture machinery segment. Its products include rice transplanter, power reaper, engines, precision/auto components and agriculture implements. Its power tillers include Mitsubishi Shakti VWH 120 Power Tiller and VST Shakti 130 DI Power Tiller. Its tractors include VST Mitsubishi Shakti VT 224-1D, Mitsubishi Shakti MT 180D Tractor, VST Shakti MT180D/JAI-2W and VST Shakti MT 270-VIRAAT 4W. The Company also offers VST Shakti VS-4PR(n) Power Reaper and VST Yanji Shakti 8 Row Paddy Transplanter. Its engines include K3C Engine, V3D Engine, 130DI Engine and VWH 120 Engine. Its precision/auto components include diesel engine components and light engineering components. The Company's agriculture implements include cage wheel, 5 tyne cultivator, plough, ridger, extension wheel, sprayer unit and spring loaded cultivator.
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VSTTILLERS
