V-GUARD IND LTD.Long
V-Guard Industries : The name you can trust for short term BUY
Buy Range : CMP & 180-185
Targets : 202-215-227
Stoploss : Below 170
Rationale :
Witnessed a breakout from a downward sloping trendline post 2 weeks sideways consolidation (Black coloured line), in previous trading session with sharp surge in volumes.
Holds above 200-EMA Line on Hourly as well as on Daily charts.
Oscillator turns positive & heading upwards. 14-RSI is nearing 70, stochastic signalling buy..
Crossed above medium term 50-SMA in last session.
Targets : 202-215-227
Stoploss : Below 170
Rationale :
Witnessed a breakout from a downward sloping trendline post 2 weeks sideways consolidation (Black coloured line), in previous trading session with sharp surge in volumes.
Holds above 200-EMA Line on Hourly as well as on Daily charts.
Oscillator turns positive & heading upwards. 14-RSI is nearing 70, stochastic signalling buy..
Crossed above medium term 50-SMA in last session.
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