Sunday, January 10, 2016

VST Tiller Tractors

VST Tiller Tractors

VST Tiller Tractors consolidated for almost 1 year. Stock made life time in June 2014 and went into correction till Jan 2015. For 1 year stock traded around 50 WEMA. Stock is ready for breakout as seen in below chart. 

Below Weekly chart shows the MACD, RSI also ready to support the move. Price moving past Fridays high and trend line shown in below weekly chart, it can visit the previous highs of 1955. However 1700 seems to be immediate resistance on cross of trend line, Stock have potential to make highs once again. 

Recommended Buy on stock on crossing trend line around 1530 on Monday, hold for targets of 1700/1900/2000 with SL below 1355.

Disclosure: I have positions in the stock from much lower levels.


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