VRL Logistics ready for big move

31 lug 2017

VRL logistics has formed a symmetrical triangle pattern with volumes drying up. Theoretically it can break upwards or downwards. I feel that it has more reasons to break upwards. The macro factors like GST factors and election in Karnataka next year might be positive for the stock in coming months. It can be bought now or after the break out with a tight stop loss of 315 which is the current value of 200 ema.