Valiant Organics Ltd - Positional Call (1 Year)
Technically:
Cup & Handle pattern (refer to Daily chart for more clarity)
Bullish divergence (refer to Monthly chart)
Trend line Resistance (Should touch that)
CMP - 497
Target 1 : 615
Target 2 : 720
Stop Loss : 330
-Can accumulate at this level or wait for 2-4% more correction depending on the market conditions
-Please trade according to your risk
-This is just for educational purpose taking into account only the technical analysis which could go wrong
Extra Point: Valiant Org subsidiary is coming up with the IPO later this month
Technically:
Cup & Handle pattern (refer to Daily chart for more clarity)
Bullish divergence (refer to Monthly chart)
Trend line Resistance (Should touch that)
CMP - 497
Target 1 : 615
Target 2 : 720
Stop Loss : 330
-Can accumulate at this level or wait for 2-4% more correction depending on the market conditions
-Please trade according to your risk
-This is just for educational purpose taking into account only the technical analysis which could go wrong
Extra Point: Valiant Org subsidiary is coming up with the IPO later this month
Comment:
Keep tracking could work well next week