BUY - VARDHMAN TEXTILES
CMP - Rs. 377
Target - 1: Rs. 459
Target - 2: Rs. 546
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Timeframe - 4-6 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Hey all! Just wanted to share an interesting chart with you all because it seems good for studying multiple concepts.
As you can see, there was a massive price expansion in July 2022. This created a strong buying imbalance. The price then underwent a correction in a descending channel, thereby reaching the demand zone for a test.
It strongly bounced off the...
Vardhaman textiles:
In the weekly chart double bottom formation can be seen.
Support levels near 270
And resistance level near 370
Currently near the resistance level.
As it breaks level 376 with good volume buy long and keep the target till 435rs (15%) with risk reward ratio 1:4
In resistance level their is low selling pressure so it might break the...
VTl is good in moimentum
monthly rsi above 55.
sector is also in trend.
keep watching
keep investing
debt free company.
and good growth.
like and share.
and make money
The wind for Indian markets as of now have become uncertain , just like the state of the world economy. From large fund managers to small retail investors are addled, and the only question out there is 'Where will the market move?'.
Now's the time when tons of quarterly results are laid in front of investors from all the listed companies there are. Thus, the...
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
NSE:VTL
#VTL gave an entry above 318 as shown in chart shown below
Has moved from 318 to 355 levels
It is now trading above Resistance of 355
Next Resistance is at 430
Here is previous chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are...
Stock Name - Vardhman Textiles Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 357.
#This is not Buy and Sell recommendation to any one. This is for...
