Vimta Labs Bullish Reversal Setup

Sharing a fresh daily chart setup for Vimta Labs Limited (NSE:VIMTALABS). The price has just bounced from a strong support zone in the ₹687–₹720 range, showing renewed strength after a corrective move. Volume has increased at this level, suggesting buyers are stepping back in.

Trade Plan
Entry Zone: ₹720–₹728 (recently respected demand area)

Stop Loss: ₹687 (below the accumulation zone)

Primary Targets: ₹740 (short-term resistance), ₹902 (medium-term resistance)

Chart Observations
Price pulled back to a clear accumulation zone with visible demand.

Bullish reversal candlestick formation seen near support.

Attractive risk/reward with well-defined invalidation and multiple upside levels.

Watch for confirmation above ₹740 for momentum towards higher resistance zones.

Notes
This setup combines technical support/resistance, volume spike, and price action for disciplined trading.

Strong risk management is advised; market structure may shift quickly, so keep stops tight and trail profits as price nears resistance targets.

Disclaimer
This idea is for educational purposes only and not investment advice. Do your own research before entering any positions.