Vindhya Telelinks breaking the resistance levels
Vindhya Telelinks has been in consolidation from quite some time and currently showing signs of breaking out after it has crossed the levels of 2804 which was crossed in the 2nd attempt as seen from the trendline.
Looking for it to reach the levels of 3260-3620- 3840 and eventually at the Fibonacci levels above 100% at the levels of 4310
With market also focussing on telecom movements this one can be one to watch out for. Volume to be a considerable factor to have such move. If crossed we can see short retracement back to the crossed resistance level and then the move. I expect base of 2720 from now.
No recommendations, just my view based on chart pattern
Looking for it to reach the levels of 3260-3620- 3840 and eventually at the Fibonacci levels above 100% at the levels of 4310
With market also focussing on telecom movements this one can be one to watch out for. Volume to be a considerable factor to have such move. If crossed we can see short retracement back to the crossed resistance level and then the move. I expect base of 2720 from now.
No recommendations, just my view based on chart pattern
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