techtrail
Long

V Guard Industries: Consolidation & Breakout

NSE:VGUARD   V-GUARD INDUSTRIES
The stock is in an uptrend and has seen a big breakout in the last couple of trading sessions. Volume has spiked too, which is a positive sign. Am watching this stock. Have made an initial purchase already. Would like to add more on a breakout above recent highs.
major flop show of a great chart........ wat is your stop loss
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techtrail ChintaX
@ChintaX, Yes indeed. I exited today when price cracked below the 20-DMA along with volume spike. Will reenter IF price manages to breakout above the recent highs. The original bullish view has been negated by the price action today.
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sir, it has a pattern sharp 20-30% upmove and then sideways consolidation...... its done it twice and this will be the 3rd go.......... entered at 182 just last week. hoping to get 225-233.
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