RAHULPOKAR

V-GUARD INDUSTRIES LONG

Long
NSE:VGUARD   V-GUARD INDUSTRIES
V-Guard Industries weekly chart shows a good CnH BO with decent volumes and have also broken the resistance on longer time frame nearly after 3.5 years which indicates that the stock is getting stronger and any fall towards 250 to 245 will be a good buy.
Fundamentally also Co is almost debt free has a good cash reverse and showing good growth in quarterly sales which will show good growth in Co in coming times.
So one can accumulate at the CMP 269.85 or on dips up to 245 for the targets of 299 / 336 / 273 plus with a strict sl of 219 for a short to medium term trade.

All charts posted here are only for EDUCATIONAL PURPOSE.

Before entering into any Trade / Investment Position kindly consult your Financial Advisor.

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