Swing trade opportunity in V-Mart
V-Mart Retail Ltd. engages in the retails of readymade garments and accessories in India.
After making lifetime high of 4848 in Nov 2021, it was in downtrend since then. Now, after 2 years, it has changed its daily and weekly structure from in demand zone and shown potential for upside movement. Also, it has taken support of long-term trendline.
On daily chart, its structure is positive and created a double-bottom pattern on demand area which is bullish chart pattern.
For swing and positional trade, one can create fresh position in V-Mart at CMP and can add more quantity in dip. SL will be the swing low and targets are mentioned on the chart. For positional (long term) targets are very big.
Follow your risk management.
Happy trading :)
After making lifetime high of 4848 in Nov 2021, it was in downtrend since then. Now, after 2 years, it has changed its daily and weekly structure from in demand zone and shown potential for upside movement. Also, it has taken support of long-term trendline.
On daily chart, its structure is positive and created a double-bottom pattern on demand area which is bullish chart pattern.
For swing and positional trade, one can create fresh position in V-Mart at CMP and can add more quantity in dip. SL will be the swing low and targets are mentioned on the chart. For positional (long term) targets are very big.
Follow your risk management.
Happy trading :)
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