VENUS PIPES & TUBES LTDUpdated a Sign of Hope..
Continuously making LH LL (Downtrend).
Currently at an Important Support level.
Double Bottom formation around 1200.
Bullish Divergence is there on Daily TF, which is a Positive Trigger.
However, the stock will reverse its trend once it will Cross & Sustain 1465 atleast.
& if this level is Crossed & Sustained, we may witness 1700 - 1730 initially.
On the flip side, breaking the Current Level (around 1200), will bring more selling pressure
& we may witness 1000 - 1040.
Currently at an Important Support level.
Double Bottom formation around 1200.
Bullish Divergence is there on Daily TF, which is a Positive Trigger.
However, the stock will reverse its trend once it will Cross & Sustain 1465 atleast.
& if this level is Crossed & Sustained, we may witness 1700 - 1730 initially.
On the flip side, breaking the Current Level (around 1200), will bring more selling pressure
& we may witness 1000 - 1040.
Trade active
wow.... Bullish Divergence playing Beautifully.. :-)
Touched 1300+
Trade closed: target reached
1339 :-)
MM - House of Technicals
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.
MM - House of Technicals
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.