Vikas Wsp Ltd
Previous update: Click here
The stock made a double top at 75-76 and was not able to close above the resistance of 74.95 based on which we short sold the stock and covered today after looking at the trade pattern. As expected today itself it gave us high returns bought at 62 and sold at 66 with in 30 mins. The uptrend in stock is intact provided the current run is sustained. Its a high risk trade and I recommend a BUY for testing 74.95 again obviously subject to speed breakers @ 69 and 70.55. Will the double top become triple top only time knows the answer.
Previous update: Click here
The stock made a double top at 75-76 and was not able to close above the resistance of 74.95 based on which we short sold the stock and covered today after looking at the trade pattern. As expected today itself it gave us high returns bought at 62 and sold at 66 with in 30 mins. The uptrend in stock is intact provided the current run is sustained. Its a high risk trade and I recommend a BUY for testing 74.95 again obviously subject to speed breakers @ 69 and 70.55. Will the double top become triple top only time knows the answer.
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