VINATIORGA trade ideas
✅SELF EXPLANATORY PULLBACK TRADE SETUP✅✅ SELF EXPLANATORY PULLBACK TRADE SETUP ⤴️
- GOOD BUY ON CHANNEL'S SUPPORT OR DEMAND ZONE.
- DRY VOLUME ON SELLING.
- SL ON CLOSING BASIS : 1690.
- LEVELS
- DEMAND ZONE : 1800-1860
OR
- BUY WHEN PRICE COMES AT CHANNEL'S SUPPORT
- SL ON CLOSING BASIS : 1690.
🚫This is only for Educational Purpose 🚫
➡️Consult Your Financial Advisors Before Taking Any Trade💻
Vinati breaking out of support zoneVinati organic is coming out of support zone and can reach all time high. SL:1080
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any investment/trading decisions
VINATI Organics On weekly chart looks bullishNSE:VINATIORGA
Have a closer look at price and volume you will notice there is definitely good strength in this stock.
Stock looks good for at least 3Months to 1Yrs holding.
I will not suggest any buy or stop loss level from here. You decide it as per your Risk Management. Best ways to ask it to chart itself.
Also note, Do take advise from your financial adviser before investing.
VINATI ORGANICS - Reversal from its Support Level - Weekly chartThis analysis is purely based on price action.
(This stock was analyzed previously on Monthly Time Frame, whose link is also provided here)
Analysis is done on Weekly Time Frame, Hence it may take few weeks to couple of months for price to reach target. Traders should consider this before entering into the trade.
As written in image itself, The stock moves with support of 50EMA on Weekly TF.
It gave a long term (life-time) breakout in September (as shown in image). Thereafter the stock came down to re-test its levels (earlier resistance now support.
Now the price has show clear reversal signs by forming a Morning Star Pattern (Three Candle Reversal Pattern). The reversal sign becomes even more important because it has been formed near its support of 50EMA.
Traders can go long above the high of last green candle. SL & Target are suggested in image itself. SL should be trailed accordingly, once entered into the trade.
*Trade at your own risk & money management. Always do your own study before entering into any trade*
Feel free to comment for any query or suggestion.
VINATI ORGANICS retesting breakout levels - MONTHLY CHARTThis analysis is purely based on price action.
As can be seen in weekly or monthly charts, 1200 level was acting as major resistance for the share price for several months. In the month of September, it gave major breakout from that level with increased volume. Now the price has come down to retest the breakout level which can act as major support now for price to show reversal.
This is not a trade recommendation. Traders can put this stock in their watchlist and trade or invest as per their plan (on monthly/weekly/daily charts) and risk-management.
Feel free to comment for any query or suggestion.