Valiant Organics Ltd - Positional Call (1 Year)
Technically:
Cup & Handle pattern (refer to Daily chart for more clarity)
Bullish divergence (refer to Monthly chart)
Trend line Resistance (Should touch that)
CMP - 497
Target 1 : 615
Target 2 : 720
Stop Loss : 330
-Can accumulate at this level or wait for 2-4% more correction depending on the market conditions
-Please trade according to your risk
-This is just for educational purpose taking into account only the technical analysis which could go wrong
Extra Point: Valiant Org subsidiary is coming up with the IPO later this month
Technically:
Cup & Handle pattern (refer to Daily chart for more clarity)
Bullish divergence (refer to Monthly chart)
Trend line Resistance (Should touch that)
CMP - 497
Target 1 : 615
Target 2 : 720
Stop Loss : 330
-Can accumulate at this level or wait for 2-4% more correction depending on the market conditions
-Please trade according to your risk
-This is just for educational purpose taking into account only the technical analysis which could go wrong
Extra Point: Valiant Org subsidiary is coming up with the IPO later this month
Note
Keep tracking could work well next week
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.