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Rugminik

VARROC ENGINEERING - Poised for a 15% upmove - Swing Trade

Long
VARROC ENGINEERING (NSE:VARROC)  
Rugminik  
NSE:VARROC   VARROC ENGINEERING
Trend Analysis Chart Patterns Supply and Demand varrocengineering swingtrading priceaction equitytrading investing
2
0
trendanalysis chartpattern supplyanddemand varrocengineering swingtrading priceaction equitytrading investing
1) Stock is in uptrend in all major time frames.
2) Weekly is reversing from a pullback. Last week - weekly candle confirms reversal.
3) Daily price action as well confirms reversal, moved out of range.
4) RSI just hitting 60 in daily, RSI in lower timeframes apt for entries.

My entry : 520.
SL : 493.
Target : 613.
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