Pleasure to have you here. This is an analysis done for the Tickr, and potential in the Technicals.
In this Chart ,which has been slightly in uptrend and as soon as it crosses its resistance, OR is at support levels we will decide to make a position in the stock,
if you like the idea please like the post :) It will be a motivation to further such...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
NSE:VAKRANGEE
Today we will be having a look at the weekly chart of VAKRANGEE which is currently in a re accumulation zone. The main topic of this post is going to be how we can identify whether any stock is in accumulation phase or not.
So, if you can see weekly chart of VAKRANGEE I have already plotted support and resistance levels for VAKRANGEE.
Support...
Vakrangee CMP - 64.25
Looking bullish in higher time frame. One can go for Swing / Short term Trade setup with the following entry, exit & targets
Buy Range 61 - 65 / Stop Loss 50.55
Target 1 - 75
Target 2 - 80
Target 3 – 85 / 90
Disclaimer: This is my view and for educational purpose only.
