VAIBHAVGBL trade ideas
VAIBHAVGBL LongEntry : 760-790
Target 1 : 960
Target 2 : Upto 1220 ( Trail the SL)
SL : 695 WCB
Strenght:
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Vaibhav Global Limited (VGL), through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK.
Risk :
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Exposure to Raw Material Prices
Gemstones along with diamond, gold, rough stones and silver are the key raw materials for the company's gems and jewellery products. The prices of gold and silver have experienced high volatility in the past. Any adverse change in prices of these commodities and in prices of gemstones will have an adverse impact on VGL’s margins. #
Being a 100% Export Oriented Unit, is also highly susceptible to risk associated with fluctuation in foreign exchange rates.
VAIBHAV GLOBAL SWING OPPOTUNITY VAIBHAV GLOBAL is an electronic retailer of fashion jewelry and lifestyle accessories.and is showing some potential for
upside also it is posting increasing profit from eight quarters also annual revenue and profit is increasing from last
four years .now in technical in mid feb 2021 it has breaked the previous trendline resistance zone and gave the move
of 300 rs and today it is retesting this previous resistance also is on support of vp-profile and breaked the triangle pattern
some volume surge is also observed but still we will wait for the break of anchored vwap with HH so keep tracking it
and also do your own research
Price action - Swing Trade setup on vaibhav globalFound a bullish engulfing patterns on the area of support.
The MA50 and long term trendline and previous support acting as a good bounce back zone after a pullback.
Stop loss is set at the lows of the engulfing giving the price some time to take off to the target levels which is the nearest swing high or resistance area on the chart.
Its a simple price action move with a not so impressive R multiple.
last but not the least the volume on the engulfing looks very promisingly good.
Hoping for the best!
Vaibhav Global - Aur Bhi Vaibhav hai failanaVaibhav Global - Looking strong. After a good consolidation, this simple moved zip zap zoom. Will wait for a pullback to trade.
DISC: Not A SEBI Registered. I post charts for my own study.
PATTERN SPEAKS ITSELF.Ascending Triangle Break out.I wait for the price to retest the previous resistence level.In the 30 min. candlesticks chart i will watch for the clear Reversal pattern near the Resistence level.After confirming it i will enter into this trade.Stop loss if price closes below 1900 i will exit.Target 2270.As i am a beginner i will be very happy if you give your valuable comments on this idea.Thank you.
VAIBHAV Global - accumulate on Deep till 900, SL 729Virtually debt free, Promotors holding reduced and FII & DII holdings increased. Retailers holding decreased as same segment company has governance issue.
Technically, stock has strongly bounce from the previous accumulation zone with volume.
One can accumulate on any deep till 900.
1075. General public share less than 17% is good Swing trade
Debt to equity ratio is zero
still required Sl of 5%
trade duration: 5 weeks
VAIBHAVGBLHas broken abv long term resistance and retested it...buy at current price with stops at 765 or lower. Target is all time high . Trail stops at 2 days low once goes higher.
