Vindhya Telelinks - Beautiful hourly chart breaking out of rangeVindhya 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.
VINDHYATEL trade ideas
Vindhya Telelinks Ltd.*Vindhya Telelinks Ltd*
C&H Formation on Yearly Basis.
Strong Price BreakOut & Sustained.
Strong Vol. Consolidation & Continued BuiltUp.
RSI: 1H =D >W <M (All in Bullish Zone)
EMAs: Widening Gap: 20/50/100/200.
Resistance: 2714.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*Snapshot*
MP Birla Group Co. Growing Sales/Profits on Yrly Basis. Sound Leverage Position. Growing R&S. +ve CF from Ops. Improving WC Cycle.
FIIs Stake: Continuously Growing.
Stable Promotors' stake.
*Concern*
DII Stake: Continuously Decreasing.
CG to Group Co. (High Contingent Liabilities).
Moderation in Profitability Margins.
*Do Your Own Research as well. This is an Opinion*
Happy Investing ๐
๐ Exciting Bullish Pattern Alert! ๐๐ Pattern: Rising Channel
๐ Symbol/Asset: Vindhya Telelinks
๐ Description:
Moment Stock with Strong Support
๐ Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
VINDHYA TELELINKS - A good bet for medium termWitnessed a strong breakout with strong volume from a Falling Wedge Pattern.
Chart is self explanatory.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
Always keep a stop loss to rescue you out of troubles.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.