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Vindhya Telelinks - 1.5yr VCP Breakout Setup
VINDHYA TELELINKS LTD
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Vindhya Telelinks - 1.5yr VCP Breakout Setup
Oleh raavigeorgian
Ikuti
Ikuti
17 Mei 2021
3
8
8
17 Mei 2021
HFCL from the same sector has given a good all time high breakout. This won't stay far behind.
Sector on the move.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
Chart Patterns
Fundamental Analysis
multiyearbreakout
priceactionanalysis
sectoranalysis
Trend Analysis
VCP
volatilitycontraction
VOLUMEBREAKOUT
raavigeorgian
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