VETO a long consolidation breakout will it sustain or fizzle out
Veto Switchgears And Cables Ltd. an interesting breakout from 4 years long consolidation
1. RSI on all time frames above 60
2. Price Breakout with volume
3. Major support with cluster of moving averages in the zone of 135 - 165
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on all time frames above 60
2. Price Breakout with volume
3. Major support with cluster of moving averages in the zone of 135 - 165
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
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