Valiant Organics NSE by KRSCharts
Updated
Date: 24th April 2024
Time : 10:45 Am
Valiant Organics has been in my watchlist for a long time,
Finally, it seems like its Wave structure of downfall is finished with March low point.
Now in ABC Wave Structure C Wave is likely to reach till Depth of Correction Point which means Prev point of 4th wave is new Target.
Apart from this There is a Double Bottom Chart Pattern is visible too with Bullish Div on Monthly TF with RSI.
More Confirmation had arise when on 1st April its Gap up and Now showing Positive Order Block on Weekly TF too.
SO, with a SL of 394 Rs. (D Closing Basis) we can long Valiant Organics for Target of 860+ Rs. But make sure if you want to little more safe entry it will be above POC line at any price.
Time : 10:45 Am
Valiant Organics has been in my watchlist for a long time,
Finally, it seems like its Wave structure of downfall is finished with March low point.
Now in ABC Wave Structure C Wave is likely to reach till Depth of Correction Point which means Prev point of 4th wave is new Target.
Apart from this There is a Double Bottom Chart Pattern is visible too with Bullish Div on Monthly TF with RSI.
More Confirmation had arise when on 1st April its Gap up and Now showing Positive Order Block on Weekly TF too.
SO, with a SL of 394 Rs. (D Closing Basis) we can long Valiant Organics for Target of 860+ Rs. But make sure if you want to little more safe entry it will be above POC line at any price.
Note
Valiant Organics is already at very cheap price,4+% Up After gap up.
Note
Daily TF Breakout with 5% Green CandleNote
Updated Short Term Target 516 Rs.and trailed SL 408 Rs.
Trade closed: stop reached
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