Symmetric Triangle Formation {Neutral: trade towards trend }...

VIP Industries forming Symmetric triangle....
very soon we are going to see a breakout..
RSI is heading towards downward direction in daily charts...

And in weekly and monthly charts it is looking little overbought ...

May this scrip heads down for a correction....

I am neither bullish nor bearish...
Just waiting for the breakout candle and trade with that trend......

If this heads toward downward direction we can see 175 -180 levels...


Note: Do your own study before making any position...

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Trade active:

breakout it is in uptrend

Trade active

Trade closed: target reached:

215

Trade closed manually

Trade closed manually