VBL at a make or break situation

The stock has a very repetitive pattern - has been traveling in an upward channel for last 2 years. Volumes are good lately and has been consolidating for almost 2 months now.

Scenario 1: If it breaks the upper channel we can expect 7-8% upmove

Scenario 2: If it fails to sustain the upper channel trendline and takes rejection, it can retest 1015 levels again.

Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.

Learn & earn,

Dr . Tanya Kumar