Vindhya Telelinks - Beautiful hourly chart breaking out of range
Vindhya Telelinks Ltd is engaged in manufacturing and sale of Cables (comprising of telecommunication cables, other types of wires & cables, FRP rods/ glass rovings, etc.) and Engineering, Procurement & Construction (EPC) business.
The stock is trading at 12 PE. Very good sales and profit growth. And chart is showing a breakout from the rectangle box.
Looks good to me. Also when looked at monthly charts, the stock gave breakout and retested and then now getting upmove now.
The stock is trading at 12 PE. Very good sales and profit growth. And chart is showing a breakout from the rectangle box.
Looks good to me. Also when looked at monthly charts, the stock gave breakout and retested and then now getting upmove now.
Note
Looking like moving up to a target of 3500. But this is not a stock reco.. this is for my own reference and analysis purposes.Note
Breakout failed. Closed the trade at SL of -10%
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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.