1. Trend: Bullish to sideways
2. 7 Months consolidation
3. RR very lucrative
4. 1 false breakout & also false breakdown to collect all the stop losses, now chances are high price will shot up at unusal speed
Veto Switchgears & Cables Ltd Incorporated in 2007, Veto Switchgears
& Cables Ltd manufactures wires & cables, electrical accessories & also deals in LED
lighting, CFL & Fans
VSCL is a flagship company of Gurnani Group. It is ISO 9001:2008 Certified, the first company to produce ISI-mark electrical accessories in India, and manufactures all types of cables and...
VETO is a t a crucial level at current market price. It saw a W pattern breakout and has retraced back into support. Today’s candle is showing signs of a dojo - meaning there is indecision. This can be signs of the selling pressure drying. We will have to closely monitor this trade. If it can sustain yesterday’s close (even better if it can sustain yesterdays...
Veto Switchgears brokeout from a falling trendline as well as a horizontal resistance zone. Good Volume pickup in last few days, stock took support at 10 EMA in last correction days in market (18-23 sept and contd). Buy above last week green candle i.e 138. SL as per own risk. Target 250+. Multi month trade. Have patience and trail as broad market weak.
Veto Prediction for Swing / Positional Trading
First breakout at Entry 1 level. This entry 1 level was retested. Second breakout at Entry 2 Level. This entry 2 level was also retested. Now it is ready for Entry 3 above 147 close daily basis or you can entry according to your experience.
SLs- 130, 112
Targets- 175,190, 220, 235, 265,…..
According to your...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
A micro-cap stock with a fundamentally low price-to-earnings ratio appears poised to surpass its long-term trendline, making an entry point above 118 seem favorable. A positive indicator would be if the stock closes above 111.
high margin of safety stock,
low stoploss of 90
triangle formation on weekly charts
for education purpose only
strength : high book value - 153 and intrinsic value - 327
weakness : earnings and growth not consistent.
cmp 120
trgt 5-10%
sl 109
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
buy veto switching at current price with strict stploss of 210...and target of 276....broke out of resistance nd now has retraced to breakout level(resistance turned support zone)..kindly dont risk more than 2 to 3% in a single stoploss.....qty=(229-210)/2% of your total portfolio......i am not a sebi registered analyst plz take expert suggestion before taking...
