Multibagger stock: Experts advise to buy this penny stock worth Rs 11, know full details

Multibagger stock: Experts advise to buy this penny stock worth Rs 11, know full details

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Multibagger stock for 2022: Investors are often looking for multibagger stocks in the stock market. If even a single share touches such a hand, then the investor becomes rich. If you are also looking for such stock, then you can try your hand on Vikas Ecotech. Market experts have advised to buy it. This is a penny stock.

Market experts say that this stock can be a potential multibagger stock of 2022. Market experts say that this stock is looking close to its breakout level and in the short term it may see a level of Rs 11.60.

chart pattern quite bullish
Talking on the shares of Vikas Ecotech, Anuj Gupta of IIFL Securities says that technically there is a bull trend in this stock. It has broken out of its consolidation zone and its chart pattern looks quite bullish. Currently, it is consolidating above its consolidation zone and in the short term, a level of Rs 10 and then Rs 12 can be seen.

Also read- The condition of newly listed stocks like Paytm, CarTrade, Zomato is bad, learn from them what not to do in the market?

creating a triangle pattern
Manoj Dalmiya of Profitable Equities Limited says that Vikas Ecotech is close to breakout and is forming a triangle pattern. If it goes above Rs 7.30, a move can be seen in it. At the same time, support is visible for this at Rs 4.40. The target for this is seen at Rs 11.60. At current levels, buy this stock with a stop loss of Rs 4.40 and stay in this stock. It has the potential to become the multibagger penny stock of 2022.

Its 52 Week High Rs 6.90
The market cap of Vikas Ecotech is Rs 561 crore. Its 52 week high is Rs 6.90. At the same time, its 52 week low is 1.04 rupees. Its current trend volume is 18,64,515. The stock closed at ₹4.90 on Friday. In the last 1 week, this stock has lost about 11 percent. In the last 2 trading sessions, a lower circuit will be seen in it.

Tags: Multibagger stock, Stock Markets, Stock Options, Stock tips, Stocks

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