We have a nice chart building up from a recent recovery dump. Currently we are sitting on support which is also a high volume node. The oscillators have reset and are nicely aligned on a stock that has been hammered recently. I have my targets at $7.50 and $8.20 , I would put a stop below $6.78. Not financial advice, DYOR.
Via Bard.Google:
VFS Financial Services Limited is a financial services company based in India. The company provides a variety of financial services, including credit cards, foreign exchange, and money transfers. VFS stock is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
The stock price of VFS has been on a tear in recent months, rising from around ₹400 per share in early October 2023 to over ₹600 per share as of today. This strong performance can be attributed to a number of factors, including:
Strong growth in the Indian economy: The Indian economy is one of the fastest-growing economies in the world, and this is driving demand for financial services. Increasing disposable income: As incomes rise in India, people are spending more money on discretionary items, such as travel and foreign goods. This is creating demand for VFS's foreign exchange and money transfer services. Government initiatives: The Indian government has launched a number of initiatives to promote financial inclusion, such as the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme. This scheme has helped to bring millions of people into the formal banking system, which is creating new opportunities for VFS. However, there are also some risks to consider before investing in VFS stock. These risks include:
Competition: VFS faces competition from a number of other financial services companies in India. Regulation: The Indian financial services industry is highly regulated, and changes in regulations could impact VFS's business. Economic slowdown: If the Indian economy slows down, this could lead to a decrease in demand for VFS's services. Overall, VFS is a company with a lot of potential. However, it is important to carefully consider the risks before investing in any stock.
"VFS Financial Services Limited" Wrong company bro. This is an EV Company from Vietnam.
JOBSAFISH
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From the low of 4.59, all i can see is 3 waves up. that are near 100% fib of each other. So and A,B,C move. I would expect 6.09 to be seen again. However, it could play out a big leading diagonal to really get the bull market going. If not, I would be careful as it is not looking impulsive off the lows. However, I have added this to my watch list to see what pans out. May get in on a long if the technicals are giving me an entry.
ChartProphet
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@JOBSAFISH, You may have a point here. I am hoping that there is enough short volume here to move it and I would agree that until we get an impulse up on high volume its best just on the watch list.
This is an EV Company from Vietnam.