Vinyl India, After the big up move of 210% and successfully retesting the support is ready for the next move with consolidating candles above 50 EMA.
The stock has given three pushes down and showing a change in trend with a double bottom.
Have an eye on it for the Days to come.
CMP 459.45/-
Vinyl is oversold around the 0.7 retracement level and near good support and accumulation zone... If the price breaks the downtrend line... There is a good chance of aggressive buying. Keep stop loss tight and buy in blocks for the short term.
VINYLIND Vinyl Chemicals NSE is bullish if 325 holds. NEW 52WEEK High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco. Not Sebi Registered.
POONAWALLA FINCORP - Cleared an important supply zone along with channel breakout.
Might come back for a retest of the channel.
LTTS - Insane momentum buildup all this time while the price was falling
VINYLINDIA - Expecting a breakout to fresh all time high
BSOFT - Tipple bullish divergence accompanied by inside bar breakout at demand zone.
Looks like, Ready for new run !
Buy VINYLINDIA above 275 with SL 248.
T1: 298
T2: 318
T3: 335
There is a minor resistance around 280 level. Safe traders can buy above 280 as well. Stock looks good for Swing Trade.
NSE:VINYLINDIA has a good price action structure. Analysis done on chart.
Targets: 280/300/52 week high (330 levels)+
Sl: for swing- 230
for positional- 210
Position size accordingly. HAPPY TRADING!
VINYLCHEMICALS - High quality scrip
Look at the chart structure.
Simple steps of breakout, consolidation, breakout are going on, boosting the strength of the script.
Poised to give good returns from here.
Added this one swing trade today at 117 with a stop loss at 105. It is getting ready for its next move, once it crosses its ATH of 144. It could take some time but looking at the technicals, probability of a quick bounce back is high. Let's see!
Vinyl India Chemicals CMP - 131.15
Looking bullish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Buy at or Above 132 / Stop Loss - 129
Target 1 - 135
Target 2 - 137
Target 3 - 140
Disclaimer: This is my view and for educational purpose only.
