Technical View - Vimta Labs
Short Term Delivery Call
Vimta labs is finding support at 106 and resistance at 113.
On daily chart, Vimta labs is forming rising channel while trading above 21 and 55 days exponential moving average which is at 108 and 106 respectively while RSI and MACD too showing positive divergence which indicates that upper side seems certain in it.
Break and sustain above 113 will see upside rally in till 125--130+ mark in days to come. For positional trade, stop loss seeing below 106 on closing basis which in unlikely to breach in near terms.
