VBL at a make or break situation
The stock has a very repetitive pattern - has been traveling in an upward channel for last 2 years. Volumes are good lately and has been consolidating for almost 2 months now.
Scenario 1: If it breaks the upper channel we can expect 7-8% upmove
Scenario 2: If it fails to sustain the upper channel trendline and takes rejection, it can retest 1015 levels again.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
Scenario 1: If it breaks the upper channel we can expect 7-8% upmove
Scenario 2: If it fails to sustain the upper channel trendline and takes rejection, it can retest 1015 levels again.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。