VAKRANGEE positional pick cause of recent resistance level breakout after stock bottom out and made double bottom formation ..look bullish now resistance breakout candle seen above resistance breakout line.
for chart anlysis i use only line for draw suppost, resistance, trendline and other bullish aspects to shown . i never use any other indicator like RSI, moving avg cross, Macd or any other ready made indicators to just show using only minimum line drawing one can understand correct Buy and sell position of stock.
About VAKRANGEE co offers assisted e-commerce and logistics service to access online shopping, healthcare, telecom, bill payements service to customers . co posted good quarter result this time compare to last quarter .revenue also increase this quarter.
BUY VAKRANGEE @ 42.75
TARGET 45-48-50 ( 1 month )
Stop loss 35
*** PLEASE DO OWN ANLYSIS THIS IDEA CAN HELP YOU FOR SAME..... take call at own risk.. !!
HAPPY TRADING. !!
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IF you see the chart carefully bullish W pattern also can seen visually where target of end point of w ..can be above estimated line where start point of w pattern shown. one can go that target once estimated target 50 breaks above ..for mid term.
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NSE todays closing Deliverable qty 46.39& over traded qty ,indicates long positions are building up for this stock. !
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breakout line is around 40.75 ,,This level can test downside .. if this level does not break then stock will be in upward movement any time. !!
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VAKRANGEE Quarter Result out. ! very good quarter result this time, good trigger for stock upmove from this level
Revenue Growth seen up by 180% YOY PAT seen increase 74.58% YOY basis. QOQ PAT, Revenue seen increase ....!
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NET PROFIT ROSE 74%.58 TO RS 29.33 CR IN THE QUARTER ENDED DEC 2021 SALES RISE 180.62% to 208.67 CR.
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inspite of good result sharp selling pressure take it bit down but holding 39 level then days to come will see good move. ! BAD DAY FOR MARKET TODAY never expected such sharp fall ...may be election in 5 state, budget, fed policy all trigger come together to take down market sharply ..next 1 month will be crucial to Indian market ..buy on deep should be strategy at SIP Method.. aggressive buying should be avoided now. !
result beat estimates what level in long term you expect?
amanpa716
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look good to go long ?
champtrade111
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@amanpa716, quarter result will be announce on Saturday ..if result come at expectation then will open gap up on monday buy level is good at 40-42 if you see risk reward ratio ..can move upt0 50 in 1-2 month. ..this is my view ..do analysis yourself and take call. !