Breakout of resistance after pretty long time with good volume and huge body green candle. New volume incoming from past few months. One can consider to add this to portfolio.
I have been waiting on this entry for so long. I have put my analysis on the chart and the Risk to reward ratio is also favorable. This can be. Higher probability trade just like SNOWMAN. Be patient and use the 15 min time frame to find an entry when price comes into this area. No buy sell reco.
#VASCONEQ
Another small cap stock with good fundamentals and good technicals.
Has reclaimed a very important S/R zone on higher timeframe.
Some quantity can be bought at current levels because of breakout on daily timeframe.
Also, In my opinion, ₹59-₹71 zone is a good zone for accumulation if market gives a chance.
I see another 50-60% upside as first target...
Ascending triangle pattern can be seen forming, a good breakout with good volumes above 83 can be treated as a trade
Buy above - 85 or after retesting at 82
Tgt - 10% , 109
Stoploss - 78 or 76
-- DISCLAIMER --
I am not a financial advisor or SEBI-registered
This is just a view
Please DO YOUR OWN RESEARCH before investing in any stock
Happy...
VASCONEQ looking bullish. RSI is above 60 on a monthly, weekly & daily time frame. There is a significant volume that can be seen recently.
It has been forming a rounding bottom or Cup pattern.
Recently, it broke the resistance level with good volume. If it retests the level, that would be a good entry point.
*Vascon Engineers Ltd.*
RB Formation on Yearly Basis.
Price BreakOut Sustained.
Vol. BuiltUp Gaining Traction.
RSI: On 65+ / 78+ Territory in 1H, D/W/M Basis.
Trail SL with Upside.
Book Profit as Risk Appetite.
Vintage: 37 Yrs. Order Book to be Monitored.
PE at 15.7 vs. 31.4 (Inds).
Sales / Profitability: Growing On Qtrly/Yrly Basis. Q1-FY24: Lower Sales /...
Today stock Vasco engineer
•This stocks at 52 weak high levels 65 is major resistance
• 2013 January 66 as high of the stock now trying to break this level.
• valume in stock show big move in this stock
• global market down trend but in this stock building valumes
• when market in up trend stock will give big move.
• take stop loss a 58 may break 66 level or...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Stock PE - 8
Profit growth - 2618% +
Order book - 1740+ Cr
Company done many real estate projects in pune city
Huge potential in future
Looking really good technically too with more volumes and forming a nice setup to make a new rally.
Candle is at my favorite position on Gann Square.
Vascon Engineers Ltd is a Construction Engineering Companywith presence in Real Estate business having an asset light model and Clean Room Partition manufacturing business. The Co. has executed over 200 projects with a construction area of over 50 Mn Sq Ft.
Stock P/E 9.32
Debt to equity 0.19
Pledged percentage 28.1 %
50 : 50 chance , buy above 36 for target...
