Vascon engg is a construction company with real estate assets. Company has been strenghthening balance sheet by reducing debt. Order book remains strong. Some other infra stocks have started showing decent momentum.
On the monthly chart shown below, stock price broke out above 4 year highs at 36.70, and made a successful breakout above a cup and handle pattern. If the pattern plays out, target can be 67 (marked in dotted horizontal line) , which if achieved, can lead to a 11 year high breakout. disc: trading position.
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