Fundamental and technical good stock to buy at stop loss of 400
No recommendation for buy or sell
*PE ratio lower then industrial PE*
PEG ratio below 1
det to equity 0.05
EPS 21.2
Current ratio 2.87
Quick ratio 2.47
Vimta Labs is India’s leading contract research and testing organization. Established in 1984, Vimta has an envious track record of serving several market leaders across the globe.
Vimta supports regulatory authorities in mandatory certification of food and agri products exported from India. Vimta assists the food industry commissions for nutritional labelling,...
This is a daily chart of Vimta lab. The stock is in the down trend and today it has made a doji candle. Tomorrow, if it makes a green candle then the pattern will be called as morning star. It’s a trend reversal pattern.
This is a weekly chart of Vimta labs. This particular Breakout is called as breakout above multiple tops . If you see this chart, the stock has taken resistance around 343-344 around 3 times in the past. Now the stock has broken its previous resistance and its all time high simultaneously. This types of breakouts had given a lot of returns in the past. Usually it...
My dear Investors,
This is my first recommendation to buy Vimta Labs. CMP is 326.8. The stock has touched its all time high. This is the best time to buy this stock as henceforth it will be travelling under 'clear blue sky'. Indeed, there is no upper limit for this stock . On weekly charts, however, it is going to give breakout too so its a double bonanza offer...
NSE:VIMTALABS
For intraday : Buy above 337 only, ATH breakout so use fibonacci to set targets
SL can be 329/325 for intraday
For swing , one can keep an SL of 301 /299 and trail it, SL may be 10% but it looks good for upside
CMP 252
Long suggested at CMP (245 above)
Stop 229
Target - Open
Logic:
Technicals :
Stock has been steadily in uptrend as evident from MAs and RS / RSI
Stock has made a series of correction to the extent of 25% / 22% and 17%, leading to contraction in pull backs.
Stock has made a breakout post the pullback series with volume around 3x of pullback vols.(Note:...
