VMART 22/01/21 FridayPrice is moving in ascending channel. High possibility to achieve Target 1 . Trade Wisely And Smartly.
VMART trade ideas
VMARTVMART showed a good volume break out. Entry, SL and Targets updated.
These idea's are not my recommendation. Do your own analysis before making any trade based on this idea.
VMART LONGVMART CMP 1944
Above 2040 target 2100 2185 2245.Closing above 2250 wcb should touch 2400 2500+ support 1850 wcb
VMART - SET FOR A BIG UPMOVECmp 2759
Long suggested above 2820
Stop 2570
Target Open
Rationale:
Weekly :
1) Passes Mark Minnvervini's trend template
2) Price closes above quarterly pivot zone.
3) Pivot based EMA Oscillator (PEMA OSC) color change indicates a possiblity of next leg of upmove.
Daily:
1) Next period (monthly pivot) Pivot zone for daily charts is very narrow, suggesting a price in a possible contraction phase, signalling possibility of a big move in the day's to come.
2) Price closes above the current pivot zone and next period's pivot zone..
3) MORE IMPORTANTLY, VCP PATTERN OBSERVED. 40/23/10 - 3T pattern, meaning 40% correction / 23% correction and 10% correction in 3 stages with higher high formation.
