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#VSABO

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#Zeel has given #VSABreakOut in daily charts above major neckline of 198. Stock is trading in a rising parallel channel and has reversed from lower trendline. RSIStairs has broken out above 55. Above 200 gates will open for retest of upper trendline thats around 260.

Most importantly it has closed above yesterday high volume candle. There are huge shorts still present and will come for short covering above 200. Rocket might take off soon. SL = 190.

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This is 2D chart what I normally use for taking long entries. Stock looks good for a long positionally for higher targets.

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Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trad
ing using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

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Made high of 234

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