#vsttillers after a superb result qtr blasted on heavy volumes.. note the micro tripple bottom where it formed the base and moved from there.. Would be interesting to see how it behaves above 1955-60.. Weekly resistance area..
There are several reasons to Buy this stock::
1. this company is tractor company and tractors can be the flavor of this month.
2. posted very good numbers this month.
3. fundamentally good company.
4. looking bullish on the charts
5.RSI is also >>60.
so in all the terms i found this stock a must buy ...!! for the target of 2275.
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
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
