VIMTALABS: Bullish Flag Breakout Confirmed – Volume & Fibonacci
Vimta Labs has just triggered a textbook breakout from its classic Flag & Pole pattern, supported by surging volumes and strong momentum indicators. After a sustained consolidation, price action has decisively moved above the resistance line, confirming a bullish continuation with potential targets at key Fibonacci extensions (773, 820, 847, 954, 994, and 1,050 INR).
Daily, weekly, and monthly RSI show increasing strength, and price trades above all major moving averages, reinforcing the bullish setup. Watch for follow-through towards ₹800 and ₹890, with stop-loss suggested near ₹625 to manage risk.
This setup is ideal for traders looking to ride trend continuation post-breakout. Will Vimta Labs reach new highs? Share your views and trading plans below!
Daily, weekly, and monthly RSI show increasing strength, and price trades above all major moving averages, reinforcing the bullish setup. Watch for follow-through towards ₹800 and ₹890, with stop-loss suggested near ₹625 to manage risk.
This setup is ideal for traders looking to ride trend continuation post-breakout. Will Vimta Labs reach new highs? Share your views and trading plans below!
Trade ativo
Fib ratio .618 tested
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.