NSE:VIRINCHI break trendline and about to breakout initial listing price level 36. We can see long term move above 36 & can buy more till 33 with SL 30. Major targets levels are highlighted in blue lines. Weekly Chart:
This uptrend line has been providing support for 3 years.
XA leg retraced at 0.618. So it can be a Gartley pattern. AB leg retraced at 0.707 (secondary Fibonacci ratio). CD can be 0.786XA. By that logic, potential reversal could be around 100. Then the bullish move should start.
First Target 131 above that target open Promoters have increased their holdings by 23.16% of holdings in Mar 2017 qtr. Company has good consistent profit growth of 29.45% over 5 years