VONE.N0000Buy Zone mentioned in the chart. Closely monitor fib levels as well.
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VONE.N0000 trade ideas
VONE | AnalysisAnalysis: Considering the bearish divergence on RSI, lower highs, and the rising wedge pattern, it's safer to exercise caution with a stop-loss below the previous higher low level and wait for a breakout of the descending trendline on either the price or RSI. If the stock stays above the 10-day moving average, it could be a positive sign.
Stop-Loss: 39
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
VONE | Broken Inverted H&SThe stock has broken above the neckline of inverted head and shoulder pattern and descending trendline indicating a bullish continuation of price. The target price will be Rs. 40.50 based on the inverted head and shoulder pattern height which is also at Fibonacci retracement level of 0.5.
Stop-loss can be set below neckline around Rs. 35.50
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
VONEThe stock has been encountering resistance near the descending trendline and there may be a possible inverted head and shoulder pattern forming. As this pattern formation is still uncertain, it's best to monitor the stock closely and consider setting the stop-loss below the recent higher low of 33 rupees to limit potential losses.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.