VETO trade ideas
Veto Switchgears (Swing):Veto Switchgears (Swing):
Script is also well set for a significant up move by breaking the crucial supply area.
Veto with the present position also offers a trade with RR of more than 1:6.
Appropriate supply, demand and target zones are highlighted.
Check out my earlier views for a better understanding.
Note: Do your own due diligence before taking any action.
Veto Switchgears & Cables LtdVeto Switchgears & Cables Ltd Incorporated in 2007, Veto Switchgears
& Cables Ltd manufactures wires & cables, electrical accessories & also deals in LED
lighting, CFL & Fans
VSCL is a flagship company of Gurnani Group. It is ISO 9001:2008 Certified, the first company to produce ISI-mark electrical accessories in India, and manufactures all types of cables and housing wires. It sells products under the brand name of Veto and Vimal Power
VETO ready to SWITCHGEAR?VETO is a t a crucial level at current market price. It saw a W pattern breakout and has retraced back into support. Today’s candle is showing signs of a dojo - meaning there is indecision. This can be signs of the selling pressure drying. We will have to closely monitor this trade. If it can sustain yesterday’s close (even better if it can sustain yesterdays high) then we can consider a trade forming here for a target of 140. NSE:VETO
Veto Switchgears Breakout Veto Switchgears brokeout from a falling trendline as well as a horizontal resistance zone. Good Volume pickup in last few days, stock took support at 10 EMA in last correction days in market (18-23 sept and contd). Buy above last week green candle i.e 138. SL as per own risk. Target 250+. Multi month trade. Have patience and trail as broad market weak.
VETO Prediction for Swing / Positional TradingVeto Prediction for Swing / Positional Trading
First breakout at Entry 1 level. This entry 1 level was retested. Second breakout at Entry 2 Level. This entry 2 level was also retested. Now it is ready for Entry 3 above 147 close daily basis or you can entry according to your experience.
SLs- 130, 112
Targets- 175,190, 220, 235, 265,…..
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Can anyone tell me which chat patterns are shown up here?
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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About VETO-
Veto Switchgears & Cables Ltd. engages in the manufacture of wires and cables, electrical accessories, industrial cables, fans, CFL lamps, pumps, modular switches, LED lights, immersion heater, MCB and distribution boards. It operates through following segments: Wire and Cables, Lighting & Fittings, and Accessories & Others. The company was founded on June 26, 2003 and is headquartered in Jaipur, India.
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buy veto at current pricebuy veto switching at current price with strict stploss of 210...and target of 276....broke out of resistance nd now has retraced to breakout level(resistance turned support zone)..kindly dont risk more than 2 to 3% in a single stoploss.....qty=(229-210)/2% of your total portfolio......i am not a sebi registered analyst plz take expert suggestion before taking any trade decision....