VARDHMAN LOOKING GOODeducatinal idea - Vardhaman textile looking good with good base formation and still in buying zone SL,target and patterns given in image
VTL trade ideas
VTL on STEROIDWEEKLY TIME FRAME:
Broken out of a stage 1 structure and is looking very bullish even in this choppy market.
DAILY TIME FRAME:
Volatility contraction pattern and a breakout with such a good increase in volume shows strength and is confirmed by RSI in all 3 time frames and a positive RS against CNX500.
This is a positional trade and will take time to perform...
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HAPPY TRADING :)
VTL VTL trading in channel pattern and breakout possible now. Already there is breakout in Relative strength.
Target hit with 20% gains! Link below for reference to my previous analysis.
Kindly do your analysis before initiating trade.
VTL#VTL.
Closed above the previous resistance with a good volumes, Keep it till next possible target.
VARDHAMAN TEXTILES Dated 14 dec 2021 CMP - 2150. almost given a breakout but dont buy it now wait for some time if it forms bullish candle you are free to buy. this is for educational purpose i would not responsible for your profits. do your own analysis.
VTL under Symmetrical Triangle patternCHART -> VTL DAILY SETUP
As seen per charts, a beautiful symmetrical triangle under formation on daily chart of Vardhman Textile. Once it closes above the upper trendline on daily basis, we should see a 300 Rs gain from the symmetrical triangle trendline broke out point.
Today's volume seems decent, MACD in daily time frame just about to have a bullish crossover.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Descending wedgeStock is forming descending wedge pattern on daily as well weekly chart.
Longs can be considered with at cmp or dip till 1950 levels with SL as stock closing below the lower trend line on weekly CB, for the target of upper trendline, with more than 1:2RR in short to medium term.
Kindly do your analysis before initiating trade.
Wave Count Analysis of VTLContinuing from my last idea of VTl where the obvious becomes a tad complicated, decided to count the waves taking shape there
It appears to be in a corrective wave ii of wave iii... next couple of days, i.e., Nov 1 & 2 is crucial for the upmove to happen, just ride the wave here if it comes, minimum target can be taken as 1:1 of wave 1 and t2 is 1.618 of wave 1.. counts given in chart, the break of results day low negates everything including wave count so Sl should be placed at that point
The Yarn Powerhouse can cross 2kAscending triangle formation is in progress, post giving a false breakout on 13 oct and crashing, it might just get back in today, however, It needs to make a volcanic move up today or tomorrow to close around 2000 price levels to confirm the triangle.. good thing that results are later in the day, stop loss is 1770 on daily closing basis and target is 2420. triangle needs confirmation.
RSI is repeatedly rebounding from 40 level
maximum target date shown by vertical line on chart
VARDHMAN TEXTILES - Pennant Breakout with Huge Volume1. Pennant Breakout with Huge Volume
2. Expected 30% return
3. Buy while retesting
4. Stop lose at 1980 on 4 hr Candle close
VARDHMAN TEXTILES ANALYSIS- Go long only if it manages to close above the red zone
- Expecting it to take support from 44EMA and Support Trendline
Vardhman textilesForming an ascending triangle,Bo with high volume followed by retest.Educational purpose alone
VTL - ASCENDING TRIANGLE PATTERN BREAKOUT 1) Stock had given massive breakout from Ascending Triangle Pattern on 12.10.21 with huge volume
2) Since it had given a straight move during breakout retesting the neckline appears in the chart.
3) One could take the trade if the stock reverses from neckline ( Enter if bullish candle formed in 4 hr time frame from the current level or from neckline)
4) Refer chart for levels
VTL Positional TradeVTL Gave a fresh breakout today. Can enter at 2105 or more
SL - 1950 keep trailing SL as it moves. For Education Purpose Only
Have an eye on VTLThis scrip is in an uptrend for a while and today it had given a strongbreakout from the triangle pattern as well as from C&H pattern with strong volume, so i do expect a bullish move in this scrip in coming weeks after a small consolidation as RSI is quite high so it may cool down in coming days before a up move.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON VARDHMAN TEXTILES.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
Vardhman Textiles Good breakoutNSE:VTL Levels are Mentioned in the chart... Good for Swing trading...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
VTL: BREAKOUT - GOOD VOLUMERANGE BREAKOUT WITH GOOD VOLUME
BUY@CMP
TRADING IN BLUE SKY ZONE
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
VTLDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade
