HawkishDove

VTL Near BO [Weekly]

NSE:VTL   VARDHMAN TEXTILES
VTL nearing a large BO that too on weekly timeframe. I really like looking out for large weekly BOs especially with the pattern on the chart right now. They work pretty well for me as well.

Some RS numbers for VTL to see how progression as been in strength:

28th Mar - 56
5th Apr - 50
12th Apr - 59
19th Apr - 59

Despite a volatile week, we can see it holding up its performance atleast. Ideally it should have been improving the strength numbers to give more confidence to buy.

Tracking for now, might take a small position as near BO, sometimes an episodic movement happens, Market is not that great tbh (too many thoughts here, haha)

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