VIMTA LABS LTDVIMTA LABS LTDVIMTA LABS LTD

VIMTA LABS LTD

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VIMTA LABS LTD stock forum


VIMTALABS
📈 Stock: Vimta Labs Ltd
🗓️ Timeframe: Daily Chart
💡 Technical Concept: Breakout from Strong Resistance with Volume and RSI Confirmation

🔍 Technical Breakdown:
Resistance Zone:
Price faced multiple rejections near ₹1,150–₹1,160, forming a strong horizontal resistance.

Breakout Candle:
On the latest candle, price closed above resistance with a +10% move and high volume (see blue arrow), indicating strong buyer interest.

RSI Breakout:
RSI broke above its resistance near 70, showing bullish momentum confirmation (orange highlight).

🎯 Trade Plan: Intraday + Short-Term
✅ Intraday Plan
Buy Above: ₹1,160

Target: ₹1,200

Stoploss: ₹1,125

📊 Short-Term Swing Trade
Buy on Retest: ₹1,130–₹1,150 (if pullback happens)

Target 1: ₹1,250

Target 2: ₹1,320

Stoploss: ₹1,080 (below breakout candle)
Snapshot